BCG in the news for overpriced consulting and working for multiple now bankrupt companies. We all knew they were over priced and this latest chapter has to be the greatest achievement to date in their 'ability to help clients respond to their own unique challenges and find new value creation opportunities'. I guess they had to staff up the chapters in order to get another round of funding to pursue new ROM's?
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I worked briefly in consulting, this was my experience.
First 2 weeks on a new assignment will tell you which way the wind is blowing and the answer management wants, the rest is leg work to get to that answer and trying to sell some follow on work. There are no miracle workers in consulting.
So, you guys think that will add to more layoffs or you're just posting here for no reason?
I see that a lot on the CVX section but not the other companies. No life or is the job that pathetic that the layoffs site is always a step away?
BCG doesn’t understand the business. They have consistently delivered bad advice.
Executive management supposedly gets the big salaries and bonuses for their elite level strategic thinking. If they need BCG to come up with ideas then the consulting fees can be paid from their bonus pool. If you need to bring in BCG then what do we need you for?
Been through several BCG 'interventions' over the years. None were successful, all needed to be unwound and 'transformed' a couple years later. What you'll see is that BCG never talks to ordinary employee (or isn't allowed to...). They only talk to managers and high pots. The skewed view they get of the company is why their recommendations are so nonsensical.
@ojj the San Ramon execs, especially MW, hire BCG because they can’t think for themselves and have no strategy beyond ‘shrink to greatness’.
There is definitely some blame to lay on CVX managers as well. When BCG or other firms ask for roles and responsibilities for each position to rationalize the roles, many Managers cannot capably explain what their people do, or their own role for that matter. BCG and others seize on this ineptitude and the outcome is a lean-looking org with nonsensical cuts. All the while, the individual contributors are under the impression their management are representing them well, fighting for the existence of their position. Lather, rinse, repeat.
Lady Gaga is out of Chevron now so the BCG days are over. However, the new leaders like McKinsey & Co. They're the ones who got the bid to build out Chevron New Energies. There's a new player in town!
They have to overprice to cover the back door kickbacks to Chevron managers, current and departed.
BCG has a long, long history of leading Chevron down the wrong roads...
To lay us all off?
Who cares...We all know that Chevron management hires BCG to take the blame.