The IMC's mission is "To represent and promote the management consulting profession, maintain standards and develop members."
In October 2003, the IMC Federal Council confirmed that the IMC exists to further the interests of management consultants and clarified the definition of management consultants as: "Objective professionals who provide advice and assistance in the process of management across national boundaries."
Their advice and assistance relates to the strategy, structure, management and operations of organisations in their pursuit of long-term purposes and objectives.
In accordance with the Institute's Memorandum of Association, the Council further determined that IMC should support management consultants by:
At this same meeting, the Council also agreed upon the following set of new Guiding Principles for the future: