The Worshipful Company of Management Consultants is a unique organization that brings together professionals from the management consulting industry to share insights and solutions for business challenges. It is one of the 110 livery companies in the City of London.
The company's focus on management consulting is reflected in its charitable initiatives, which aim to promote education and training in business and management. One of its notable charitable initiatives is the Management Consultancy Scholarship.
The Worshipful Company of Management Consultants has a strong connection to the City of London, with its headquarters located in the heart of the financial district.
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Who We Are
The Worshipful Company of Management Consultants is a unique organization with a rich history. We are one of the 110 livery companies in the City of London.
Our roots date back to 1959 when a group of management consultants came together to form the Company. This marked the beginning of our journey as a community of professionals dedicated to excellence in management consulting.
We are a charitable organization, with a mission to support education and training in management consultancy. Our charitable activities are a key part of who we are and what we do.
Our members come from a variety of backgrounds, but we all share a common interest in management consulting. We have members who are consultants, academics, and business leaders, all united by a passion for improving management practices.
We take our role as a livery company seriously, and we are committed to upholding the traditions and values of the City of London.
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Our Work
We support the development of the management consulting profession through various initiatives. The Worshipful Company of Management Consultants has a long history of promoting excellence in management consulting.
We work closely with the Institute of Consulting to provide a route to Chartered status for management consultants. This is a prestigious qualification that demonstrates a high level of expertise and professionalism.
Our initiatives also focus on supporting the next generation of management consultants, providing opportunities for students and young professionals to learn from experienced consultants and network with peers.
Management Consultants
We've had the privilege of working with the Worshipful Company of Management Consultants, a professional peer group that's been making a real impact in the City of London and the consultancy industry.
Founded in 1992, WCoMC is a modern livery company that's built up an impressive record in philanthropy, helping non-profit organizations through pro-bono consultancy, mentoring, and a charitable fund.
The company contributes to the education and professional development of management consultants, and its members support and learn from each other through fellowship at formal and informal events.
WCoMC has achieved remarkable growth, with over 500 member records and 300 client records, and an exponential increase in contact records to a total of 7000.
They've also sent over 1100 mailings/newsletters, held over 450 events, registered over 8000 event participants, and completed over 2100 financial transactions.
Their website is continually updated, and they've enhanced their membership system with new online connection forms, GDPR functionality, and changes to support their new finance system.
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Needs and Challenges
We've worked with many organizations over the years, and one thing that's clear is that every business has its unique needs and challenges.
One organization we've had the pleasure of working with is Millertech, who partnered with the WCoMC over 10 years ago. They recognized that their legacy membership system and spreadsheets were not scalable and would be administratively costly.
Their key goals and challenges were centered around growth, service improvement, and cost reduction. They wanted to develop and grow their membership and client contact, improve services, drive engagement, and manage events while reducing costs.
Here are some of the specific challenges they faced:
- Developing and growing both their membership and client contact from a base of 200 members and 100 clients.
- Improving the services offered to their members.
- Driving engagement with existing and prospective members.
- Managing additional events whilst reducing costs by implementing a less manual process.
- Reducing finance and administration costs through better integration.
It's clear that WCoMC recognized the importance of having a system that would grow with their organization, be flexible to incorporate future enhancements, and deal with legislative changes.
Events and Competitions
The Worshipful Company of Management Consultants hosts a number of annual consulting awards, including the Urwick Cup.
The Urwick Cup is a prize handed to consultants and their partners for outstanding research or thought leadership. The research must have originated recently in the UK, and been published in the last two years, while being relevant to management consultancy.
The closing date for entries to the Urwick Cup is 30th September 2020.
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