Sell consulting services. Doesn't matter if you're right or wrong, what matters is that you're paid.
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A critical part of being a consultant is personally knowing rich people who will pay you millions of dollars for your advice, regardless of what it is. "Giving good advice" is barely relevant.
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I think it was Last Week Tonight that covered Mckinsey's consultation history and, shocker, they almost always recommend increases to executive compensation.
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It's not the conclusions that are important. It's how snazzy the PowerPoint presentation is. If you pay them more, there will even be bar charts.
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Why are consulting companies so successful? Is it all connections? Their role in appeasing investors by external intervention and change (no matter how useful)?
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Well, consulting is often used because they need an answer to a question. That may be open-ended like:
"What moves should we make to expand our business?"
But other times they just want confirmation:
"Should we merge with Discovery?" (Sure, I guess. Here are some reasons you could. cha-ching)
"Should we split with Discovery?" (Sure, I guess. Here are some reasons you could. cha-ching)
Other times they just need to pay people to give them excuses to lay off people. McKinsey's always available for that.
wrote on last edited by [email protected]When Chipotle got a new CEO (Brian Niccol, who has since become the Starbucks CEO) a few years back, they were headquartered in Denver. But the CEO lived in Newport Beach. So they brought in a consulting management firm to examine where the best place in the country was for them to have their corporate headquarters.
After weeks of analysis - surprise, surprise - they determined that the best place they could possibly have a corporate headquarters was in Newport Beach, where the CEO lived.
So they fired most of their corporate workers and moved the office to be closer to the CEOs house.
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Consulting services are vital because they improving corporate synergy by utilizing market solutions and relocating potential where it is needed most.
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McKinsey is a company not a person
Companies are made of persons
Checkmte
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Why are consulting companies so successful? Is it all connections? Their role in appeasing investors by external intervention and change (no matter how useful)?
It is all connections and a box checking for the board and/or CEO.
The CEO can deflect bad outcomes on the consulting company for suggesting doing what the CEO had in mind to do, but didn't have the board's approval.
Corporate consulting is such a giant fucking grift and they are responsible for the enshitification of so much.
Why are there no employees to help you on the sales floor or at the register? The CEO wanted to hit a performance metric to maximize their bonus and brought in a consulting company to advise. The consulting company looked for low-hanging fruit, which is cutting costs in the form of payroll. The CEO dips when there is no meat left on the bone. The next CEO hires a consulting company to maximize the bonus and then you get fake sales to mask a following price increase. CEO dips and the next CEO's consultants gives the consumer a rewards program to harvest data to sell and drive sales through psychological manipulation(See Kohl's cash).
Corporate consultants are horrible people with business degrees looking to harvest marrow from a stripped corpse.
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Consulting services are vital because they improving corporate synergy by utilizing market solutions and relocating potential where it is needed most.
Don’t forget that they also leverage institutional assets to extract value using best practices!
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Other times they just need to pay people to give them excuses to lay off people. McKinsey’s always available for that.
What would you say... you do here?
Bob, Bob.
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Insane how quickly the HBO brand went from penthouse to basement.
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So many morons getting paid way to much money to make stupid decisions.
It's management 101.
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This post did not contain any content.wrote on last edited by [email protected]
Business consultations always look like such huge grifts. Here is the reason why they are so expensive though: many times startups and companies that take consultation fail and declare bankruptcy and don't pay the consultancy fees they were supposed to pay. So they charge others extra to (over) compensate. I wonder how they justify their existence, probably by coming up with some made up statistics about how they make many companies more successful. I am pretty sure they are also behind AI enshittification by suggesting companies to jump on the band wagon.
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Business consultations always look like such huge grifts. Here is the reason why they are so expensive though: many times startups and companies that take consultation fail and declare bankruptcy and don't pay the consultancy fees they were supposed to pay. So they charge others extra to (over) compensate. I wonder how they justify their existence, probably by coming up with some made up statistics about how they make many companies more successful. I am pretty sure they are also behind AI enshittification by suggesting companies to jump on the band wagon.
They’re expensive because they’re cover for the executives to make a move. The executives can shield liability and justify any change by saying they did it in consultation with a big firm. It’s virtually impossible to pierce that with a lawsuit.
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Well, consulting is often used because they need an answer to a question. That may be open-ended like:
"What moves should we make to expand our business?"
But other times they just want confirmation:
"Should we merge with Discovery?" (Sure, I guess. Here are some reasons you could. cha-ching)
"Should we split with Discovery?" (Sure, I guess. Here are some reasons you could. cha-ching)
Other times they just need to pay people to give them excuses to lay off people. McKinsey's always available for that.
wrote on last edited by [email protected]McKinsey:
For when you have no fucking clue how to do your job, and want authoritative, plausible deniability about that.
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They've developed a perpetual consulting loop. Genius.
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Their new company split is not splitting Warner Brothers from Discovery though. They are splitting the company in a different way.
For your added nuance and insight, submit an invoice for a couple hundred K. Seems about right for a full minute of work.
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When Chipotle got a new CEO (Brian Niccol, who has since become the Starbucks CEO) a few years back, they were headquartered in Denver. But the CEO lived in Newport Beach. So they brought in a consulting management firm to examine where the best place in the country was for them to have their corporate headquarters.
After weeks of analysis - surprise, surprise - they determined that the best place they could possibly have a corporate headquarters was in Newport Beach, where the CEO lived.
So they fired most of their corporate workers and moved the office to be closer to the CEOs house.
“Sorry we don’t do remote work and you’ll have to come into the office.”
“Counterpoint: …”
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Don’t forget that they also leverage institutional assets to extract value using best practices!
We'll circle back to that.
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McKinsey is a company not a person
wrote on last edited by [email protected]Ackshually, they're considered moral persons.
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I know, it takes a second for the vomit to slide back down one's throat.
