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Evaluating my External Career Environment Assignment 3a

Evaluating my External Career Environment Assignment 3a. Joseph Gamble BUS 450. My Career Market. I will be competing for a job in the IT consulting field The industry is expecting growth of 32% by 2018, so plenty of room for growth

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Evaluating my External Career Environment Assignment 3a

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  1. Evaluating my External Career EnvironmentAssignment 3a Joseph Gamble BUS 450

  2. My Career Market • I will be competing for a job in the IT consulting field • The industry is expecting growth of 32% by 2018, so plenty of room for growth • Due to technological and social forces pushing health care in the United States, many projects will need to be produced as a result of consulting • Consulting current market size in revenue of $391 billion in 2012 with expectations of $415 billion in 2013

  3. Competitive and Changing Forces at Play • While there is competition in the consulting industry, most of the solutions are unique which provides differentiation (moderate rivals, new entrants, and products). • Suppliers may have some bargaining power if their solutions are extremely unique (moderate), but customers will have weak bargaining power due to the eagerness to have systems developed and implemented in a timely manner. • Competition, technology, and efficiency are the top 3 factors driving change in the IT consulting industry. They are making the industry more attractive because of growing demands, thus creating more jobs.

  4. Career Industry and Rivals • Birmingham is becoming a major technology hub, and the market positions that my rivals are in are relatively the same throughout the field. • Players with the bigger budget projects tend to be more strongly positioned. • My rivals are likely to use virtual machine technology and cloud computing to offer universal access to their clients across multiple platforms, while simultaneously decreasing development cycles and expenses.

  5. Competitive Success and Profit • The key factors for competitive success in the IT consulting industry are landing the big contracts, keeping development life cycle time low, and to serve as an industry leader in implementing the latest and most efficient technology for clients. • These key success factors will allow for the needs of the customer to be met. • Potential for profit is huge, and is primarily based on the contract and the ability to provide solutions, run on schedule, or provide custom tailored products.

  6. Appendex • http://www.investopedia.com/financial-edge/0810/top-6-consulting-fields-to-get-into-now.aspx • http://www.plunkettresearch.com/consulting-market-research/industry-trends • Essentials of Strategic Management Textbook pg. 50-84

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