History
During a major conference held in Paris during the 1950s, the big four consultancy companies at that time agreed to form the Management Consultancies Association. This was developed further into a professional institute and the Institute of Management Consultants came into being in 1962. Having subtly changed its name during the 1990s to the Institute of Management Consultancy - providing scope for corporate membership - the organisation began discussions about merging with the CMI in 2005. This led to the IMC becoming an organisation within the CMI later that year, however both institutes would remain separate and retain their own brand identity.
At the time of the merger with CMI, the IMC were themselves approached by the Institute of Business Advisors (IBA) about combining membership. After lengthy discussions, the IMC and IBA merged in 2007 to become the Institute of Business Consulting, an amalgamation of their two previous names.
Like many businesses, both the IBC and CMI suffered as a result of the recession caused by the financial crisis of 2008. In 2010, both organisations established closer working links and relationships and as a result of member feedback filtered through the regional branches it was clear that the scope of work undertaken by members was changing. For this reason it was felt the word 'business' in the name did not reflect a broader appeal so the decision was made to change the name to the Institute of Consulting and use the opportunity to redevelop the brand, its proposition and the products and services offered.
Read more about this topic: Institute Of Consulting
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