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» Just tell me how deliverables from management consultancies make sense srs
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post 1633161953 03-07-2021, 08:48 AM
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Just tell me how deliverables from management consultancies make sense srs

brb here is this info in PPT with managerial science bull****

brb thanks for the 10k per day retainer

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post 1633162033 03-07-2021, 08:49 AM
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it's a 'sales' job, but instead of victim customers you have victim co-workers who have to tolerate your nonsense
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post 1633162243 03-07-2021, 08:53 AM
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They provide synergy by value added suggestions in dynamic landscapes
post 1633162383 03-07-2021, 08:56 AM
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Originally Posted By MetroBrah
They provide synergy by value added suggestions in dynamic landscapes
With the capabilities to scale across multiple verticals.
post 1633162563 03-07-2021, 09:01 AM
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InB4 Grant Cardone
post 1633162753 03-07-2021, 09:05 AM
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i think they provide some value by providing new insights for execs that should have been replaced years ago. not 10k/day's worth, but definitely some.
post 1633163163 03-07-2021, 09:12 AM
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I genuinely think that traditional management consultancy firms (McKinsey, BCG, Bain, etc) will lose clout in the 2020s as business problems become increasingly more data-centric. The consultants with the most growth prospects right now are in cloud solutions (srs)
post 1633163173 03-07-2021, 09:12 AM
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Originally Posted By Dogkrack
i think they provide some value by providing new insights for execs that should have been replaced years ago. not 10k/day's worth, but definitely some.
The companies wealthy enough to hire McKinsey, or a Big 4 firm, are wealthy enough to have a people manager and an operations manager. It’s very rare to have a really good people manager that also can look for ways to build process efficiencies.

Really, if a company has a really good COO, their operations team should be able to find those same efficiencies that a consultancy can offer, and be able to partner with the people managers to build a strategy.

Oftentimes companies are really just looking for ways to reduce the workforce when hiring management consultancies since those consultancies don’t have personal relationships established with employees. Then they can point the finger at the firm when they do RIFs.
post 1633163333 03-07-2021, 09:15 AM
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Management consultancies often aren’t paid for their ideas or solutions, but are paid because management needs something to point to in order to get an idea supported at a C suite level


Just shows you how comically run major corporations are. Move slow as molasses and need someone to blame or be on the hook every step of the way.


The average deliverable from a consultancy firm is hot garbage and yes even the consultants there know this.
post 1633163573 03-07-2021, 09:21 AM
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Originally Posted By MuscleXtreme
The companies wealthy enough to hire McKinsey, or a Big 4 firm, are wealthy enough to have a people manager and an operations manager. It’s very rare to have a really good people manager that also can look for ways to build process efficiencies.

Really, if a company has a really good COO, their operations team should be able to find those same efficiencies that a consultancy can offer, and be able to partner with the people managers to build a strategy.

Oftentimes companies are really just looking for ways to reduce the workforce when hiring management consultancies since those consultancies don’t have personal relationships established with employees. Then they can point the finger at the firm when they do RIFs.
Last line exactly is the case. It’s often because senior management has an idea of what to do, but they just want something else they can point the finger at (could be a restructure to be more ‘efficient’, could be a strategic shift, could be adding or removing a business line, etc) when making any decisions to cover their own ass




As stated above re: big data. Any corporation that has the ability to hire some legitimate business analysts and has access to their own data really should never need a consultancy firm. Their own employees will have the industry knowledge and experience to provide the same if not better recommendations/insights than any major consulting firm. The difference is these employees voices are generally not supported, while MBB can take a **** and call it gold


Some of the slide decks I’ve seen from those clown shows are complete nonsense lol
post 1633163783 03-07-2021, 09:26 AM
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Originally Posted By meanstringbean
Management consultancies often aren’t paid for their ideas or solutions, but are paid because management needs something to point to in order to get an idea supported at a C suite level


Just shows you how comically run major corporations are. Move slow as molasses and need someone to blame or be on the hook every step of the way.


The average deliverable from a consultancy firm is hot garbage and yes even the consultants there know this.
Yeah, I worked for a fortune 100 company that had a consulting group basically camped out in HQ for years. They would just pitch the next project with something they learned from the previous project, and on and on.

I worked for a smaller division of that company and was in charge of finance. The consulting group offered the CEO and CFO, a "Free review" of our division. Basically they wanted permission to latch onto our division too to create more projects. I was the liaison to the consulting group. We knew what they were going to try to push on us even before they started their analysis. We told the CEO and CFO that they would be welcome to review anything they wanted, but if they suggested what we thought they would suggest, that it absolutely would not work, and would be a waste of time to review. So, they did they project, and we gave them every reason possible that their thesis was wrong. They concluded exactly what we thought they would, and they presented it anyway. I hate consultants.
post 1633164173 03-07-2021, 09:36 AM
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Originally Posted By nothingshocking
Yeah, I worked for a fortune 100 company that had a consulting group basically camped out in HQ for years. They would just pitch the next project with something they learned from the previous project, and on and on.

I worked for a smaller division of that company and was in charge of finance. The consulting group offered the CEO and CFO, a "Free review" of our division. Basically they wanted permission to latch onto our division too to create more projects. I was the liaison to the consulting group. We knew what they were going to try to push on us even before they started their analysis. We told the CEO and CFO that they would be welcome to review anything they wanted, but if they suggested what we thought they would suggest, that it absolutely would not work, and would be a waste of time to review. So, they did they project, and we gave them every reason possible that their thesis was wrong. They concluded exactly what we thought they would, and they presented it anyway. I hate consultants.
Their entire lifeblood is to create work for themselves, so any work they do will ultimately find more work. I’ve seen numerous consultancy led restructures , only for it to not really be executed that well and just restructure back to what it was a few years later.

They also always create their own terminology or approaches with data/analysis to seem “proprietary” , but this is all again a ruse to look like they have some secret sauce that can’t be replicated when advising senior management


But again , corporate leadership would rather trust a consultancy firm than employees a few grades below them. Just the nature of the beast. I’ve never seen work from a major consulting firm add value to a corporation srs
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