Making sense of the future – sensemaking and sensegiving efforts of management consultancies during COVID-19 pandemic

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorLuoma, Jukka
dc.contributor.advisorSchildt, Henri
dc.contributor.authorKervinen, Susanna
dc.contributor.departmentJohtamisen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2021-09-05T16:02:37Z
dc.date.available2021-09-05T16:02:37Z
dc.date.issued2021
dc.description.abstractIn Spring 2020, the world was hit by an unforeseen crisis, the corona pandemic. During this fundamental shock, management consulting firms took a role as message brokers, market mediators, and crisis strategists and published multiple reports and articles on how businesses can survive through the crisis but also how they can rebuild themselves for the future after the crisis. During the COVID-19-crisis, management consulting firms engaged in sensemaking and sensegiving processes which materialized in reports and articles. The purpose of this thesis is to study how the corona pandemic was made sense of and sense given in management consulting reports. This thesis intends to contribute to the emerging research on future-oriented sensemaking by examining the sensemaking and sensegiving efforts of an ongoing event. Also, this study adds knowledge to existing scarce research on the narratives of management consultancies. This thesis is conducted as data-driven, inductive qualitative research. I analyse the texts published by four leading multinational management consulting firms. The empirical material was mainly collected from March 2020 to December 2020. The thoroughly read and analysed reports numbered 48 and comprised 699 pages of material for analysis. The data were analysed inductively, using the Gioia method as a basis to bring rigour to the data analysis and find meaningful themes from the texts in a structured way. The findings of this thesis present that management consultants utilize both retrospective and prospective sensemaking in their narratives. By labelling concepts and describing future implications in reports, I find that management consultancies engage in a theorization of ideas (Strang & Meyer 1993) and legitimating novel categories (Navis & Glynn 2011) which may create change in current institutions. In addition, management consultancies utilize tools of environmental sensemaking and attempt to market the corona pandemic as the redefining critical event to shift the minds of the elite and mass public. This study suggests that sensegiving narratives of management consultancies constructed via three steps: first the disruptive COVID-19-related changes are explained, secondly speculations of the future development are presented, thirdly recommendations on how organizations can prepare for the future are stated. My findings also present that the corona pandemic is considered a fundamental crisis that is believed to change the current economic order. In this study, I explain how COVID-19 is described to disrupt multiple business areas such as supply chains, crisis management, healthcare, consumer business, working practices, and technology.en
dc.format.extent116 + 8
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/109661
dc.identifier.urnURN:NBN:fi:aalto-202109058890
dc.language.isoenen
dc.locationP1 Ifi
dc.programmeStrategyen
dc.subject.keywordsensemakingen
dc.subject.keywordsensegivingen
dc.subject.keywordCOVID-19en
dc.subject.keywordcorona pandemicen
dc.subject.keywordmanagement consulting firmsen
dc.subject.keywordnarrativesen
dc.titleMaking sense of the future – sensemaking and sensegiving efforts of management consultancies during COVID-19 pandemicen
dc.typeG2 Pro gradu, diplomityöfi
dc.type.ontasotMaster's thesisen
dc.type.ontasotMaisterin opinnäytefi
local.aalto.electroniconlyyes
local.aalto.openaccessyes
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