McKinsey and its peers need a strategic rethink

Since the birth of management consultancy at the turn of the 20th century, people have questioned its usefulness. Bosses of firms that hire consultants are paid lavishly to define a vision and corral their teams into achieving it. Why would they ask a bunch of jet-setting know-it-alls who have never run anything but a spreadsheet calculation how to do their job?

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This article appeared in the Leaders section of the print edition under the headline “Ripe for transformation ”