Sell consulting services. Doesn't matter if you're right or wrong, what matters is that you're paid.
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Don’t forget that they also leverage institutional assets to extract value using best practices!
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Isn't the google ceo a McKinsey stooge?
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This post did not contain any content.wrote on last edited by [email protected]
Do this, do that, now go back the way you started. That'll be $155 million. Be sure to smash that Like button and don't forget to Subscribe!
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Isn't the google ceo a McKinsey stooge?
Yes, he is. It explains a lot.
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"What's your advice?"
"My advice is to not take my advice. That'll be 63 million dollars, please."
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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.
Worked at a company that would give money to McKinsey frequently for decisions. When the decisions went well, they would pay themselves on the back for their insight and leadership. When they went wrong, well they just got bad into from the consultancy.. not their fault
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Isn't the google ceo a McKinsey stooge?
I don't care if you're wrong, I will propagate it anyway.
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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.
How should we defend Athens?
Consultancy says "A wooden wall will save Athens"
We've been doing this forever...
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So, this bastard and Zaslav are the reason I can't watch older seasons of Expeditions Unknown on HBOMax. Fuck 'em both.
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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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"What's your advice?"
"My advice is to not take my advice. That'll be 63 million dollars, please."
"Certainly Sir! Money well spent!"
You have to understand why they are employed though - somebody stands to gain from doing some thing, so the way they get to justify doing that thing is to hire these people, so they come in, deliver a report that says the thing is the best thing to do with graphs that go up, and it happens, McKinsey gets paid, the beneficiary gets what they want and life goes on.
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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)?
Consulting companies are just esoteric quacks but for businesses.
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I wish I could be paid that much to be wrong all the time.
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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.
I have experienced this where I work. There is a consulting company that gets rolled out to make packets full of "data", graphs, summaries, and surveys that always manages to support the unpopular thing the boss wants.
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I thought CEOs commanded wildly exorbitant salaries because they were super smart and made all the decisions. Why would a consulting firm exist?
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“Sorry we don’t do remote work and you’ll have to come into the office.”
“Counterpoint: …”
wrote on last edited by [email protected]Starbucks has a mandatory 3 day a week RTO policy, but this same CEO did not relocate from Newport beach to Seattle.
Instead, he has the corporate private jet fly him 2000 miles round trip every week.
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In, fire 30 percent of the workforce, new logo, boom, out.
You are now a fully trained management consultant.
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Fuck McKinsey.
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"What's your advice?"
"My advice is to not take my advice. That'll be 63 million dollars, please."
That would unironically be good advice which means he couldnt give it.
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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.
Results are good:
- Business CEO takes credit, shareholders are happy with CEO
- Consultancy got paid, shareholders are happy
Results are bad:
- Business CEO blames consultancy, shareholders don't blame CEO
- Consultancy got paid, shareholders are happy
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