Re-imagine that: the consultancy firm racket is done for

World

Re-imagine that: the consultancy firm racket is done for

The industry’s conflicts of interest, overblown theories and half-baked waffle have been rumbled

Matthew Lynn

A swanky private club in Mayfair, London has been put up for sale. Staff have been told they are at risk of losing their jobs. Apologies have been made for overcharging, and the UK government is looking at ways of fixing rampant conflicts of interest.

Beset by scandals, the once booming management consulting industry is suddenly looking a lot less healthy.

Sure, that might just reflect a temporary economic slowdown and an adjustment to changed rules about the way business should be done. And yet, if it was a Harvard case study you’d be tempted to stamp the word “Rumbled” on all of their PowerPoint presentations...

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