Page 1 of 1

It is not uncommon for relatives to establish them

Posted: Thu Jan 23, 2025 3:53 am
by mahbubamim077
This industry is made up not only of the so-called “big three” – McKinsey, Boston Consulting Group and Bain & Company – but also of other consulting and strategy firms, as well as the “big four” accounting firms, which derive 40% of their revenues from consulting services. It is also important to highlight the connections between these companies and the private equity industry , since the two largest asset management funds – BlackRock and Vanguard – own close to 13% of the total shares of the main companies operating in the consulting market.

For Mazzucato and Collington, what is surprising today is the bulk sms romania fact that such companies have ceased to play an instrumental role and have ended up assuming a growing role in the management of not only companies, but also governments. In fact, although the industry is old, it was boosted in the 1980s and 1990s by reforms instituted by both the neoliberal right and third-way progressives.

One of the practical results of this boost was the outsourcing of several state functions to such companies, establishing what the authors call “government by consultancy” on the most diverse fronts, which includes designing smart cities, formulating national carbon reduction strategies, advising armies, managing the construction of hospitals, drafting tax legislation, supervising privatizations of state-owned companies, structuring vaccination programs (as occurred with Covid-19 in countries such as France), creating and governing the digital infrastructure of several organizations and governments ( e-government or digital government projects), among others.