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The World's Newest Profession
Book

The World's Newest Profession

Management Consulting in the Twentieth Century

Cambridge UP, 2006 plus...


Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

No responsible business leader today would make a move before having a management consultant vet his or her plans. Doing it differently would be unwise. Not only would such a failure undermine corporate strategizing, but it could also result in a ruinous stockholders' due-diligence liability suit. Nonprofit directors are equally dependent on management consultants. They're increasingly ubiquitous and involved with everything. American to the core, with their "can-do" attitudes and confident outlooks, management consulting firms have thoroughly remade both businesses and elements of society in their own sleek, corporate image. getAbstract highly recommends business historian Christopher D. McKenna’s comprehensively researched and annotated historical report. Read it to learn about a remarkable business phenomenon that has dramatically reshaped the world. You can’t get sounder advice – not even from a management consultant.

Take-Aways

  • The field of management consulting evolved out of the field of cost accounting, not out of Taylorist efficiency engineering.The field of management consulting evolved out of the field of cost accounting, not out of Taylorist efficiency engineering.
  • During the 1920s, management engineers began focusing more on company managers than on line workers.
  • The Glass-Steagall Banking Act which Congress passed in 1933 helped spur the rise of management consulting.

About the Author

Christopher D. McKenna lectures on strategy at the University of Oxford. He is an expert on professional firms and their role in the international transformation of business.


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