World famous strategy consulting firm McKinsey is opening a new office in Vancouver, and despite the fact that’s new local competition for us, I believe that’s going to be good for businesses here in Vancouver.
Why am I happy that there is more competition?
First, it helps business owners because it provides more options for services. If you need someone to help you with business strategy or strategy consulting services you can now go to McKinsey, MNP or a specialized smaller firm like us.
Second, I think that having a big player in the market will give businesses a better understanding of the value of business consulting and a better understanding of what management consulting is and what it can do for one’s business.
Finally, I think it’s going to be great because it’s going to help larger organizations grow and scale outside of Vancouver.
With the recent purchases of VEGA and POF, plus the ever expanding reach of Lululemon and Hootsuite global relay and other into the global market, it further supports small and medium sized businesses locally because more people get hired, services get sources from those organizations and money goes back into the economy is every sector.
As an added bonus these business successes, and the ones to follow, serve as examples and benchmarks for Vancouver based businesses that might not have had the vision of what global success can be.
I’ve always been grateful to have been able to start a strategy management consulting firm in Vancouver at a relatively young age. We’ve been able to help a variety of mid-sized organizations (for-profit and non-profit) with business consulting and strategy services in Vancouver (as well as throughout Canada, USA and Europe).
I’ve always been passionate about Vancouver’s potential to grow into a global business hub that is known for more than real estate, tourism and natural resources. I look forward to the coming years as more businesses take advantage of growth opportunities both locally and abroad.
If you’re interested in learning more about where BC’s economy is headed the Vancouver Board of Trade is hosting BC Born: Domenic Barton, the managing director of McKinsey on September 9th.
More on Domenic Barton and McKinsey from the NY times.
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