During today's turbulent times in Hong Kong and China, the need for professional change agent is higher than ever. Organisations need to change … aggressively. Where do they go to seek help? They seek the expertise and advisory of management consultants. The Hong Kong Government spends billions to employ these consultants alone. Major multinationals, local non-government organisation, and even small firms hire them. Throughout the world the call for competent management consultant is on the rise and as an international city, Hong Kong has been demanding more able consultants to assists in its transformation from a mediocre city to a great city. However, consulting firms cannot find them fast enough. Many good management consultants have left for more challenging assignments elsewhere. And more than ever there are only a few able and internationally experienced management consultants in town who have any more spare time…and most of them do not speak Cantonese. Even if language is not an issue, how good are they? An incompetent doctor can kill the patient. Like a bad doctor a not-yet-competent consultant can ruin and destroy an organisation, its reputation, its staff, its mission, and everything it ever stood for. Additionally, one bad company doctor can indirectly destroy the reputation and contribution of those who have been effective. How do companies recognise company quacks and charlatans? Because anyone can call himself a consultant, even incompetent ones, how do companies select and appoint the appropriate management consultants? As more and more management professionals are seeking other ways to earn a living, they need an independent body to assess their competencies and allow them to work overseas and in China, where can they go? Working Independently has been one of the fastest growing opportunities for management professionals under the new economy where experts can work overseas and extend their ability to earn with their skills. How can they extend their reputation overseas without the establishment of an independent and internationally recognised institute that can provide certification for professional management consultants? The answer lies in the establishment of the Institute of Management Consultants in Hong Kong. The Hong Kong General Chamber completed a study of the Management Consulting industry in Hong Kong last year and one of their conclusions was that this is a billion dollar industry that for all practical purposes is unregulated, poorly led, and has no structural training and development for its core resources - its consultants. That study addressed that one of the Achilles' heels of this booming industry is in fact finding, selecting, and training good management consultants. The Trade Development Council also pointed out that the management consultancy industry is in fact a core service industry that can be and should be exported. If one looks at the history of consulting which basically started in the Industrial Revolution in the West, you will understand that China's Modernisation effort will need a massive quantity and quality of management consultants from Hong Kong.