Management consulting has rapidly emerged as one of the fastest growing professional services of the last decade. In addition to advising over business strategy and implementing organisational change, management consultancies are also a major source of graduate employment in business studies. Management consultancy therefore represents not only a new and growing professional service industry but also a newly emergent form of management knowledge in the globalised economy. The relationships that arise from the use of consultancy expertise span a number of dimensions - the knowledge and competency profile of organisations, the varying nature of the consultancy-client relationship, the internal management of consultancies, wider inter-organisational networks and the diffusion of management knowledge and expertise in the global environment. The growing importance of management consultancies in contemporary business practice is also indicated by the introduction of specialist courses on consulting in competitor universities both in Australia and overseas. This course therefore addresses both the broader issues of the changing nature of management knowledge and organisational change, as well as filling a gap in the existing Master of Commerce program.