Consultants, question for you. How do enterprise firms go after new clients? More specifically, Fortune 500-1,000 sized contracts. Is it similar to Agencies? Typically we get invited to participate in an RFP (usually managed by 3rd party consultants overseeing the process). There are multiple rounds… credentials, chemistry, RFP assignment, pitch (often multi round), hope to make it to top 2 then it’s a matter of negotiations. Is this similar in the consulting world?

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Cold Calls, Warm Introductions to leadership, Alumni Relationships, Networking, Conferences etc.

Relying on RFPs is the standard practice, but higher tier consulting (M&A, DD, PMI, Strategy) is all about who you know and getting your foot in the door.

And even with RFPs, you need to be "known" to be invited, just as it is anywhere.

Agency work tends to be much more transactional as of late, so it's further down the value chain, hence the RFP and proposal consultants etc. There's just levers and avenues to get into meaningful higher-value work.

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