Todays video is on McKinsey. https://www.youtube.com/watch?v=AiOUojVd6xQ
9 replies (most recent on top)
Many years ago, I saw an exception to the typical cost and headcount cutting that is typical of consultants. A consulting firm told a 3M business I supported that 3M needed more salespeople to cover the market at an adequate level to grow.
That advice 3M happily declined, but I wonder if we have ever passed on a headcount reduction recommendation from a consultant. I hope Oliver's piece does some good to tear the mask of these consulting firms. They are a close 2nd to investment banks who take a big fat piece off the middle and add little if any, value.
Wow! I just watched the episode and agree with the previous comments. I remember telling my manager my team can provide strategic advice and there is no need for a consultant. It is obvious to me now weak leaders bring in consultants to “protect” themselves.
If you have 26 minutes to spare, definitely worth watching. Obviously the humor comes with a grain of salt, but the content certainly does explain a lot.
Our friends at Kearney are the spawn of McKinsey. Spun off from McKinsey's operations practice back in the day.
BCG was the consultant used for designing and implementing Advance 3M.
Normal practice for consulting firms is to bill a specific set rate for a given consulting project. They do not do billable hours
Sounds a lot like the tu-d Advance 3M. That and 3M has surrounded themselves with these leeches and psycophants with zero commercialization experience and stopped listening to our customers.
Any wonder 3M got a bloated management structure, with self-important, self entitled money grabbers. Look no further than consultants like McKinsey. Billable hours and B.S. artist.
So good
This explains a lot.