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For those frustrated managers who have had just one too many management consultants imposed upon them by paranoid executives.......
For those paranoid executives who feel they need to hire the "latest and greatest" consultants to stay ahead of the competition.......
.....You must read this book.
Written by two staff editors of the economist, this book reveals the charlatanism surrounding the management consultant industry, and how the growth of the industry has led to the imposition of new management techniques which may be entirely irrelevant to the enterprise, its workers, and the shareholders. The prose is what you would expect from The Economist - pragmatic, and easy to read.
The conclusions are straightforward and hard to ignore.
As one of the senior Editors at The Economist warned the authors while they were writing the book: "You know what worries me about your book about management theory: that you'll talk to all the people and read all the books; that you will detail all its incredible effects - the number of jobs lost, the billions of dollars spent, and so on. And you won't say the obvious thing: that it's 99 percent bullshit. And everybody knows that" (from the prologue).
Indeed, if everybody read this book, his statement would ring true
After working in companies that have consistently outperformed the market, my conclusion is that good managements are those that have the ability to learn about the environment all by their own and have the knack to apply it well bt themselves. No consultant or management guru can ever know a company's business better than its employees do. The best the gurus can ever do is mouth generalities. All of management theory is ephemral, transient. It is good to know concepts and use them sparingly and caringly.
This book validates what ive been feeling for a long time.