NAICS Code 541611-12 - Management Research

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 8
Contact Emails: 128
Company Websites: 8
Phone Numbers: 6
Business Addresses: 8
Companies with Email: 5
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NAICS CODE 541611-12
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Looking for more companies? See NAICS 541611 - Administrative Management and General Management Consulting Services - 6,796 companies, 640,868 emails.

NAICS Code 541611-12 Description (8-Digit)

Management Research is a subdivision of the NAICS Code 541611, which falls under the category of Administrative Management and General Management Consulting Services. This industry involves conducting research and analysis to provide insights and recommendations to businesses and organizations on how to improve their management practices. Management Research firms work with clients to identify areas of improvement, develop strategies, and implement solutions to enhance their overall performance. This industry is highly specialized and requires a deep understanding of management principles, as well as strong analytical and problem-solving skills.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541611 page

Tools

Tools commonly used in the Management Research industry for day-to-day tasks and operations.

  • Data analysis software (e.g. SPSS, SAS, R)
  • Survey tools (e.g. Qualtrics, SurveyMonkey)
  • Project management software (e.g. Asana, Trello)
  • Business intelligence tools (e.g. Tableau, Power BI)
  • Statistical modeling software (e.g. Stata, Minitab)
  • Decision-making tools (e.g. DecisionTools Suite, TreeAge Pro)
  • Process mapping software (e.g. Lucidchart, Visio)
  • Financial analysis tools (e.g. QuickBooks, Xero)
  • Customer relationship management (CRM) software (e.g. Salesforce, HubSpot)
  • Human resources management software (e.g. BambooHR, Workday)

Industry Examples of Management Research

Common products and services typical of NAICS Code 541611-12, illustrating the main business activities and contributions to the market.

  • Change management
  • Organizational design
  • Performance management
  • Strategic planning
  • Talent management
  • Leadership development
  • Succession planning
  • Employee engagement
  • Culture transformation
  • Process improvement

History

A concise historical narrative of NAICS Code 541611-12 covering global milestones and recent developments within the United States.

  • Management Research is a sub-industry of the NAICS code 541611, which is focused on providing consulting services to businesses and organizations. The industry has a long history, dating back to the early 20th century when Frederick Winslow Taylor introduced the concept of scientific management. This approach aimed to improve efficiency and productivity by analyzing and optimizing work processes. In the 1950s and 1960s, management consulting firms such as McKinsey & Company and Boston Consulting Group emerged, providing strategic advice to large corporations. In recent years, the industry has seen a shift towards data-driven decision-making, with firms using advanced analytics and artificial intelligence to provide insights and recommendations to clients. In the United States, the Management Research industry has experienced significant growth in recent years. According to IBISWorld, the industry has grown at an annualized rate of 3.7% over the past five years, reaching a total revenue of $31.5 billion in 2021. This growth can be attributed to several factors, including the increasing complexity of business operations, the need for specialized expertise, and the growing importance of technology and data analytics. The COVID-19 pandemic has also had an impact on the industry, with many firms providing crisis management and business continuity services to clients. Overall, the Management Research industry is a dynamic and evolving field that plays a critical role in helping businesses and organizations succeed in an increasingly competitive and complex environment.