{"id":2549,"date":"2002-11-06T23:11:41","date_gmt":"2002-11-06T17:41:41","guid":{"rendered":"http:\/\/alpha.ravikiran.com\/blog\/2002\/11\/06\/the-mighty-fall\/"},"modified":"2002-11-06T23:11:41","modified_gmt":"2002-11-06T17:41:41","slug":"the-mighty-fall","status":"publish","type":"post","link":"https:\/\/www.ravikiran.com\/blog\/vintage\/200211\/the-mighty-fall\/","title":{"rendered":"The mighty fall"},"content":{"rendered":"<p>Management consulting isn&#8217;t <a href=\"http:\/\/www.economist.com\/business\/displayStory.cfm?story_id=1416484\" title = \"Economist.com. Subscription not required right now\">doing well<\/a><\/p>\n<p><cite><font size = -1>The past 12 months have been an annus horribilis for strategy consultants-the sort that advise top bosses on the bigger issues facing their firms. McKinsey, the most patrician of the lot, has been mocked for its advice to Enron, Global Crossing and Swissair, all of which have gone bust. The elite strategists at Bain face a continuing lawsuit in Boston over claims that, in the late 1990s, they provided two distinct reports, one for a former boss of Club Med and another for some board members who tried to oust him. Earlier this year, Arthur D. Little, arguably the first strategy-consulting firm, collapsed after management had let costs in its research and development projects soar out of control<\/font><\/cite><\/p>\n<p>Also because&#8230;<br \/><cite><font size = -1><br \/>Strategy has now become almost a commodity. A boom in business-school graduates means that every new manager is well-versed in the latest academic ideas. Top strategy firms&#8217; alumni have been very successful in bringing, say, the &#8220;BCG way&#8221; with them to their new employers. The advice of a management consultant has lost its mystery. Thanks to all this, says Robert Bontempo of Columbia Business School, management consultants may no longer have a profitable business model.<br \/><\/font><\/cite><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Management consulting isn&#8217;t doing well The past 12 months have been an annus horribilis for strategy consultants-the sort that advise top bosses on the bigger issues facing their firms. McKinsey, the most patrician of the lot, has been mocked for its advice to Enron, Global Crossing and Swissair, all of which have gone bust. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2549"}],"collection":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/comments?post=2549"}],"version-history":[{"count":0,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2549\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/media?parent=2549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/categories?post=2549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/tags?post=2549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}