The Big Con
How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies
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Amy Finegan
Brought to you by Penguin.
There is an entrenched relationship between the consulting industry and the way business and government are managed today which must change. Mariana Mazzucato and Rosie Collington show that our economies' reliance on companies such as McKinsey, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG and EY stunts innovation, obfuscates corporate and political accountability and impedes our collective mission of halting climate breakdown.
The 'Big Con' describes the confidence trick the consulting industry performs in contracts with hollowed-out and risk-averse governments and shareholder value-maximizing firms. It grew from the 1980s and 1990s in the wake of reforms by both the neoliberal right and Third Way progressives, and it thrives on the ills of modern capitalism, from financialization and privatization to the climate crisis. It is possible because of the unique power that big consultancies wield through extensive contracts and networks - as advisors, legitimators and outsourcers - and the illusion that they are objective sources of expertise and capacity. To make matters worse, our best and brightest graduates are often redirected away from public service into consulting. In all these ways, the Big Con weakens our businesses, infantilizes our governments and warps our economies.
Mazzucato and Collington expertly debunk the myth that consultancies always add value to the economy. With a wealth of original research, they argue brilliantly for investment and collective intelligence within all organizations and communities, and for a new system in which public and private sectors work innovatively for the common good. We must recalibrate the role of consultants and rebuild economies and governments that are fit for purpose.
©2023 Mariana Mazzucato (P)2023 Penguin Audio
Eleştirmen yorumları
The evidence is compelling. There is mass corruption and a merry-go-round of over-confident consultants snorting at the trough. I always wondered why I was not material for a consulting firm; it does not sit with one of my core values, authenticity.
But if you remember courtroom dramas, the case for the defense always comes back. And let's face it; consulting firms aren't going anywhere fast (in more meanings than one).
It's still a top book and worth reading. Just don't read it in the bath; you might just drown before you can wage your war against consulting firms.
I loved to watch courtroom dramas. Guilty?
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Concise contribution to an emerging debate
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Well argued contribution to devate
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The Big Con
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Excellent Critique of Contemporary Consulting
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