Is Consultancy Aprofession or Not

GULU UNIVERSITY

FACULTY OF BUSINESS AND DEVELOPMENT STUDIES

BACHELOR OF BUSINESS ADMINISTRATION

YEAR III

COURSE WORK

CONSULTANCY SKILLS (306)

EGYEYU Henry

07/U/456/BAK/PS

Question:

A dilemma however exist in the work of consulting in the sense that since its extremely debatable whether consultancy is a profession on its own or not, how can it be subjected or answerable to professional requirements. Present your reaction in strictly a six (6)-page write up typed under New Times Roman font-age of 12 and (1.5) spacing and submit it in after thirty (30) days.

Paul Onyango-Delewa,

+256772304706

LECTU

E’Henry Consultancy Limited

P.O Box 26031,

Kampala.

10th March, 2012

RE: CONSULTANCY A PROFESSION OR NOT - A CASE OF BOOZ ALLEN HAMILTON.

1.0 Background

After graduating from Northwestern University in Chicago in 1914, Edwin G. Booz developed the business theory that companies would be more successful if they could call on someone outside their own organizations for expert, impartial advice. This theory developed into a new profession management consulting and the firm that would bear his name.

"In 1940, the firm was hired to help the United States Secretary of the Navy with World War II preparations. Since then, Booz Allen has had a hand in several notable private and public engagements throughout its years, such as advising on the breakup of Ma Bell and helping organize the National Football League in the 1960s."

In 1970, Booz Allen first went public with an initial offering of 500,000 shares at $24 per share. However, in 1976 public trading ceased in the largest-ever leveraged buyout involving a consulting firm where Booz Allen's partners bought back the stock, through one of the first management buyouts (MBO), and returned the firm to private ownership with a new governance structure. In 2007 managing director Marc Gerencser said that being privately held allowed the firm to consider long-range investments that companies...