The image of management consultants has taken a hit in recent years, giving the industry a reputation for being unscrupulous on a par with investment bankers. The recent difficulties and controversies at three of the most prestigious firms, McKinsey, Bain and the Boston Consulting Group (BCG) (collectively known as MBB) have not entirely helped the perception that they mostly serve to deceive CEOs while charging lucrative fees. Can the industry be reformed?
On this week’s episode, hosts Mike Bird, Alice Fulwood and Soumaya Keynes join our global business correspondent Thomas Lee Devlin for more advice on thriving businesses, and the issues plaguing the industry. They also spoke with New York Times reporters Michael Forsyth and Walter Bogdanich about their new book, “When McKinsey Comes to Town,” exploring the failures of the most prestigious consulting firm, McKinsey – McKinsey said the failures misrepresented its business.
Run time: 33 minutes
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