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The World's Newest Profession: Management Consulting in the Twentieth Century (2006)

af Christopher D. McKenna

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In The World's Newest Profession Christopher McKenna offers a history of management consulting in the twentieth century. Although management consulting may not yet be a recognized profession, the leading consulting firms have been advising and reshaping the largest organizations in the world since the 1920s. This groundbreaking study details how the elite consulting firms, including McKinsey & Company and Booz Allen & Hamilton, expanded after US regulatory changes during the 1930s, how they changed giant corporations, nonprofits, and the state during the 1950s, and why consultants became so influential in the global economy after 1960. As they grew in number, consultants would introduce organizations to 'corporate culture' and 'decentralization' but they faced vilification for their role in the Enron crisis and for legitimating corporate blunders. Through detailed case studies based on unprecedented access to internal files and personal interviews, The World's Newest Profession explores how management consultants came to be so influential within our culture and explains exactly what consultants really do in the global economy.… (mere)
  1. 00
    The Lords of Strategy: The Secret Intellectual History of the New Corporate World af Walter Kiechel (onuryn)
    onuryn: An excellent combo! First read "The World's Newest Profession" to understand the origins and evolution of Management Consulting from 1900s-1960s, then "The Lords of Strategy" to check how it evolved into Strategy Consulting from 1960s to today.
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Management, McKenna C D
  LOM-Lausanne | Mar 12, 2020 |
A very thorough account of the development of managment consulting. The author covers the topic from the beginning with the adoption of Taylorism in US industry to the collapse of Enron. Even though some passages appear somewhat lengthy, this book deserves the label 'required reading' for anybody seriously interested in management consulting. ( )
  ThomasK | Jun 24, 2012 |
Knowledge Brokers: The Origins and Evolution of Management Consulting

“In every society some men are born to rule, and some to advise.”
- Ralph Waldo Emerson

Christopher D. McKenna’s book is an important addition to the literature on management consulting. This short yet stimulating volume traces the trajectory of the elite management consulting partnerships, from their institutionalization in the United States due to New Deal legislation that curbed the exchange of corporate information among firms to calls for accreditation and licensing of management consultants in the wake of the Enron-Andersen debacle.

McKenna argues that the US management consulting sector largely owes its success and durability to regulatory fiat which in effect required corporate owners and managers to engage the services of consultants in order to certify or endorse the legitimacy of corporate actions and decisions. The author also draws attention to the industry’s halting efforts to 'professionalize' the consulting business. Despite the sector-wide adoption of professional terminology and partnership-oriented organizational structures, the management consulting industry, according to McKenna, remains hesitant regarding accreditation and eventual professionalization due in part to the consulting firms’ disinclination to recognize the legitimacy of independent consulting societies or membership organizations that claim to be in a position to certify an individual consultant’s level of competence against established, formal standards. The book concludes that, in eschewing independently-conferred professional accreditation for management consultants, the management consulting industry remains particularly vulnerable to changes in the regulatory landscape and allegations of ethical lapses, despite the stability of the internal organizations of consulting firms (due to their adoption of the partnership governance framework) and enduring institutional demand for their services.
1 stem melvinsico | May 15, 2010 |
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In The World's Newest Profession Christopher McKenna offers a history of management consulting in the twentieth century. Although management consulting may not yet be a recognized profession, the leading consulting firms have been advising and reshaping the largest organizations in the world since the 1920s. This groundbreaking study details how the elite consulting firms, including McKinsey & Company and Booz Allen & Hamilton, expanded after US regulatory changes during the 1930s, how they changed giant corporations, nonprofits, and the state during the 1950s, and why consultants became so influential in the global economy after 1960. As they grew in number, consultants would introduce organizations to 'corporate culture' and 'decentralization' but they faced vilification for their role in the Enron crisis and for legitimating corporate blunders. Through detailed case studies based on unprecedented access to internal files and personal interviews, The World's Newest Profession explores how management consultants came to be so influential within our culture and explains exactly what consultants really do in the global economy.

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