What role may business schools and universities play in the professionalization of management consultancy? Consider the proposition that a manager who hires a management consultant has failed. Organizations do not hire managers to let them hire consultants to do their job. Why is it relevant to have a definition of management consultancy? For whom would it be most relevant? How will an equity investment of a management consultancy in a client influence the division of roles and responsibilities between the management consultancy and its client? Explain with an example.