There is a lot of truth in that video. But you have to hand it to those consultants - their execution is unparalleled.
That's why they are paid so much! Make ppt so convincing that the world believe their bullshit made up stories !
Haha...well it's not all bullshit..a lot goes into the planning and the slides actually make sense.. however, they aren't industry experts but present a clarity and path to execution that internal teams can rarely come with.
Oliver is a guy who sounds smart but is actually dumb. He presents first grade tier arguments.
Also, PMs cannot talk shit about Mckinsey.
what makes you think PMs and Consultant are similar, other than having to present their ideas to stakeholders
Very accurate picture. I have some friends at the MBBs (like many of you) and the ongoing joke is how they are so inexperienced yet they sit with CXOs and directors presenting their findings in a neatly drafted ppt and pretending to be an expert in a third industry.
The part in Johns’ video where they show a slide about downsizing and the top management getting paid more seems to the selling point at most places imho.
Let me tell you what consultants are actually used for
Get competitor information by either using them directly or through one of their “experts” whom they pay $500 an hour, in India it’s like $250
Get them to say something which you want said by an “external expert” and then do that thing within your company
Anyone else hiring these consultants are just stupid and they don’t know what they want, and they’ll just get a fancy ppt
The video just explains a lot about McKinsey, BCG and Bain and how they operate. It just makes a lot of sense now how ex-McKinsey/BCG/Bain based founders have such low ethical/moral standards and how work culture is generally terrible in...
Fair criticisms all around. What do you think?
Did McKinsey hire McKinsey to figure out how McKinsey should do cost cutting in a negative macro environment?
Context
Does it stem from some kind of superio...
