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In this episode, Xinyan Peng interviews Kimberly Chong about her book Best Practice: Management Consulting and the Ethics of Financialization in China. Dr. Chong speaks about how management consulting emerges as a crucial site for considering how corporate organization, employee performance, business ethics, and labor have been transformed under financialization. Effective management consultants, Dr. Chong finds, incorporate local workplace norms and assert their expertise in the particular terms of local culture and society, while at the same time framing their work in terms of global “best practices.” Providing insight into how global management consultancies refashion Chinese state-owned enterprises in the reform era, Dr. Chong explains both the dynamic, fragmented character of financialization, and how ‘global’ management consultants perform their expertise in the particular terms of China’s national project of modernization.

Bogdanich, Walt, and Michael Forsythe. (2022). When McKinsey comes to town: The hidden influence of the world’s most powerful consulting firm. Doubleday.

Guest: Dr. Kimberly Chong

Research Assistant: Wenzhao Chen

Audio Editor: Seyma Kabaoglu