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Have McKinsey and its consulting rivals got too big?
41–50 of 197 posts
Re: Have McKinsey and its consulting rivals got too big?
#42I think more than becoming to big the solutions are founded on a narrow matrix of logic or group think.
That's by design. They have few verticals that they focus on and have templates for every situation that might arise. (Former McK SW engineer here)
Would you say McK is the consulting equiv of SAP? Where they push the business into the vertical template vs do the actual legwork to improve the org in the vertical in question?
Re: Have McKinsey and its consulting rivals got too big?
#43With labor becoming fungible in the eyes of c-suites, the holders of institutional knowledge are the libraries of the consulting firms. Consulting firms also have tech talent that traditional businesses had no access to in the past, so any large scale data driven related project is done with consultants. However: 1. The costs are insane and probably we reached the point where the benefits do not justify the prices th…
The economics of consulting are pretty raw: they basically arbitrage the hourly rate of folks. They pay you X and then bill you for X*1.3 (minimum). Folks are starting to realize they could just go direct to the customer, and the recent non-compete uncertainty has made a dent in the quality of talent these places have on their bench. Not to mention most of the talent at these shops are just window dressing for cheap…
More likely they pay you X and they charge 3X, but yes I agree.
Re: Have McKinsey and its consulting rivals got too big?
#44Is it fair to say that ... Consulting is the oldest profession ;)
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Re: Have McKinsey and its consulting rivals got too big?
#45With labor becoming fungible in the eyes of c-suites, the holders of institutional knowledge are the libraries of the consulting firms. Consulting firms also have tech talent that traditional businesses had no access to in the past, so any large scale data driven related project is done with consultants. However: 1. The costs are insane and probably we reached the point where the benefits do not justify the prices th…
This is a surprising take, considering the consultants I’ve worked with never took the trouble to learn anything about the business despite sitting shoulder to shoulder with us for weeks, and then proceeded to give us spectacularly terrible technical advice. “You need machine learning for this. Trust us, we’ve done this before.” They hadn’t, and it became clear they’d wasted our time and hadn’t listened to a word we said.
Re: Have McKinsey and its consulting rivals got too big?
#46Earlier quoted context omitted.
Nothing about John Oliver is obligatory
Less than nothing. It has flipped to the other side in the bullshit of it all. Pundit hot takes have ruined quality dialogue. Frankly I’d rather have discussions with people who do their own research and form their own opinions, no matter how faulty those opinions may be (there is always room for improvement precisely because there is room for discussion), than to hear them regurgitate party-speak drivel shilled by a…
I get the feeling you haven't watched Jon Oliver. He does deep dives on relevant issues and does a ton of research. I was recently interviewed about his process and it's pretty enlightening. He complains about how activists often twists perfectly good data to make a point but under scrutiny it falls apart, even if the original data would have been good enough.
He's about as far from a hot takes engine as you could get
Re: Have McKinsey and its consulting rivals got too big?
#47Let me propose an alternate theory: fines and enforcement have become too small, so-as to become just a cost of doing business . Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds... "If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien…
Yes, but go on taking the logical steps: why are the regulators in bed with so many of the major funds? You very quickly boil it down to morality and ethics. Americans have a broken ethics code that says the free market magically solves the need for anyone to be a good person - if someone's a selfish ass, the free market and 'competition' will magically fix it. Therefore I can be in bed with whoever I like, whenever…
Which contemporary cultures are not "extremely stupid", in your opinion?
Re: Have McKinsey and its consulting rivals got too big?
#48With labor becoming fungible in the eyes of c-suites, the holders of institutional knowledge are the libraries of the consulting firms. Consulting firms also have tech talent that traditional businesses had no access to in the past, so any large scale data driven related project is done with consultants. However: 1. The costs are insane and probably we reached the point where the benefits do not justify the prices th…
I have yet to see big consultant company to improve things on technical levels. They are great at talking to upper levels of management and avoiding accountability for results.
They don't improve how things run.
Re: Have McKinsey and its consulting rivals got too big?
#49Earlier quoted context omitted.
Would there be any advantage for anyone to state they feel the opposite to your view publicly? Seems like a career limiting move.
If all comments here were eyed with the same cynicism, we'd have no genuine discussions. And maybe we don't.
I don't think the people behind the opioid crisis should be trusted to be speaking in good faith.
Re: Have McKinsey and its consulting rivals got too big?
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