The Role of Management Consulting Firms

Management consulting firms like the Boston Consulting Group (BCG) play a significant role in shaping corporate strategy and decision-making for major organizations. They specialize in producing analytical insights, often summarized in slide decks, which guide corporations on strategies such as acquisitions or market entry. However, there is an inherent issue with outsourcing decision-making to individuals who are not stakeholders in the companies they advise, as these consultants face no personal repercussions if their recommendations fail. This detachment raises concerns about accountability and alignment with the values and priorities of the broader society.