Do we really need a definition of management consultancy? Why should we care about a definition? Explain your answer. To what extent can management consultants provide truly independent advice? Critically reflect upon the relation between consultant and client. Explain your answer.
Should the professionalization of management consultancy be left to the practitioners, which are the management consultants? Or should governmental regulators take a role in the professionalization of management consultancy? Explain your answer.
What role may business schools play in the professionalization of management consultancy? Explain your answer. How will an equity investment of a management consultancy in a client organization influence the division of roles and responsibilities between the management consultancy and its client? Explain your answer.
Reflect upon the costs and benefits of accreditation for management consultants. What costs and benefits may accreditation provide to management consultants? Explain your answer. Who benefits from accreditation? Identify the stakeholders that benefit most. Provide argumentation.
Should the partners of ‘Management Consulting 2.0!’ consider accreditation? Identify the pros and cons of accreditation for this firm. Explain your answer.
McKinsey & Company The following case study provides a brief overview of the history of one of the icons of management consultancy: McKinsey & Company. The history of this firm mirrors some important aspects of the history of the management consultancy industry. James O. McKinsey McKinsey & Company is named after a professor of business […]
Why did Marvin Bower model McKinsey & Company on a law firm? Explain your answer. What lessons for management consultants can be drawn from the history of McKinsey & Company? Elaborate on your answer.
Reflect upon how McKinsey & Company responded to the emergence of new (sub-) fields of consultancy, that is the rise of strategy consultancy and the rise of information technology consultancy. Why was the firm, in both cases, a late mover? Explain your answer.
Why did the industrial engineering firms that once dominated management consultancy disappear? Explain your answer. Should the management consultancy firms that focused on organization studies have entered the field of IT consultancy in the 1950s, when that new field emerged? Why, or why not? Explain your answer.
Why, in the 1930s, did one accountancy firm, McKinsey & Company, decide to focus on management audits (management consultancy), whereas another accountancy firm, Arthur Andersen, decided to withdraw from management audits, in order to focus exclusively on financial audits? Explain your answer.