The world's largest companies have been spending record sums on consultancy. Robert Heller weighs the relative merits of re-engineering and demerger and asks: is largeness a liability?
The fashionable tide turned against large companies long ago. Yet fashion doesn't always reflect reality. While employment by major corporations is falling, not least among middle management, they still provide the bulk of job opportunities. Managers are understandably less loyal to great employers, and job-hop more: but the hops are most likely to be from one ample lap to another. And in several industries, the laps are becoming still more ample.