4.1 • 885 Ratings
🗓️ 1 May 2023
⏱️ 16 minutes
🧾️ Download transcript
Adam Shaw peeks behind the curtain of the consultancy industry. Worth hundreds of billions of pounds, consultants stretch across almost every industry, government department and international border.
Since the pandemic there’s been an unprecedented demand for their services and many believe our future is determined by what they think and do. Yet little is known about these largely hidden influencers. They are magnetic and mesmerizing yet, to many of us, shrouded in mystery. Adam asks who these wizards, what do they do and how much do they influence our lives. On the one hand, they're talked of as genius solvers of the world’s greatest problems and masters of the machinery of management.
On other, some think of them in more shadowy terms, whispering their guidance into the ears of the rich and powerful. Adam sets off with missionary zeal to detangle two very different stereotypes. Across the series he hunts for the first ever consultant, finds out how they shape our language and politics and discovers how they bounce back from appalling scandals.
He joins a consultancy fair to meet aspirant consultants, hears stories from the glass towers of late nights and rewards, explores FOMO and addition, turnarounds and triumphs. In this first episode he asks what value do consultants add and why are they seemingly opaque. And he pulls out his wand and performs a rather impressive magic trick of his own.
With contributions from: Tamzen Isacsson, CEO of the Management Consultancies Association, Andrew Sturdy, Professor in Management at The University of Bristol, Dr Chris McKenna, Reader in Business History and Strategy at the Said Business School, Rosie Collington, co-author of The Big Con, author Eric Edstrom and broadcaster Paddy O'Connell.
Producer: Sarah Bowen
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0:00.0 | This was an impregnable fortress. The only way you get out was in a wooden box. |
0:05.0 | The controversial maximum security prison impossible to escape from. |
0:09.0 | And one of the duties of a political prisoner is the escape. |
0:12.0 | The IRA inmates who found a way. of a political prisoner is the escape. |
0:12.5 | The IRA inmates who found a way. |
0:14.5 | I'm Carlo Gableer and I'll be navigating a path |
0:19.5 | through the disturbing inside story of the biggest jailbreak in British and Irish history. |
0:25.0 | The narrative that they want is that this is a big achievement by them. |
0:28.5 | Escape from the maze, listen first on BBC Sounds. |
0:35.0 | BBC Sounds. BBC Sounds, music radio podcasts. |
0:39.0 | Hello and welcome to Seriously from BBC Radio 4. I'm Adam Shaw and you're about to hear the first |
0:48.4 | episode of my Radio 4 series Magic Consultants. In it I take a look behind the curtains of the |
0:55.3 | billion-dollar management consultant industry beginning by looking at what |
1:00.4 | value these business consultants actually add. To hear the rest of this five-part |
1:05.8 | series just search for Magic Consultants on BBC Sounds. Consultants are the self-proclaimed masters of management, solvers of the world's greatest problems, |
1:20.0 | and the focus of much controversy. |
1:23.0 | They are the Swiss Army knives of the boardroom |
1:26.0 | bringing a range of solutions to an array of naughty problems. |
1:30.0 | Well, so far in this series, I've looked at what they do, where they came from, and how they continue to shape much of our lives. |
1:38.0 | So in this episode, What of the Future? |
1:42.0 | The industry faces some related challenges. How does it |
1:46.4 | demonstrate its relevance and purpose to a new generation of business leaders |
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