Is Consulting a parasite?
I mean when we look at consulting as a whole, i truly don’t see the benefits to it. Other than a blood sucking money pit for the companies who use consulting companies. I mean theres less than 50% success and no actual benefits for success. Consulting is just the vampire squid of the sea. What benefits to society does consulting have?
Oh ok.
Shut it down. They found out
r/consulting and their memes certainly agree with you.
Go back to Reddit, I don't know how you weirdos found your way over here.
Too much alcohol on too many flights
Consulting is renting labor when there are frictions that would make buying it (i.e. hiring people) inappropriate. Consultants help companies move forward on things they wouldn't be able to on their own for whatever reason
Yeah exactly
I can't believe this needs to be said. Simply googling why is consulting a thing would've arrived at this same response. It's also worth adding that consultants specialize in functions or industries and are more efficient than the Fortune 500 company that hires them in the aspects of the project. If a consulting firm prepared a growth strategy for a firm with near identical circumstances to your own, and it has proven to work over the years of implementation, odds are they can replicate it with your firm too.
Need to fire employees? Pay MBB $5m to confirm your view so you can backup your act in case it backfires with unions/politicians, very useful role.
lol you sure that's accurate? Maybe we should hire a bunch of consultants to conduct a study and confirm that.
There is a huge range of activities that fall under the consulting umbrella. What people traditionally think of as “strategy consulting” makes up only a smart percentage of consulting overall. A lot of the work even at MBB could be described as offering high quality temporary workers for complex tasks, but “consultant” sells better on campus and in board rooms than “premium temp”.
If consulting is a parasite then logically it is only sucking blood from the incompetent companies with incompetent leaders that would willingly let a parasite inside. This means that their benefit to society is taking money away from incompetent people so that it can be used in more useful sectors of the economy like their mortgage payments and trips to Thailand.
Cringe
Yea consulting is definitely a scam. A lot of you finance hardos seem to forget that most consulting is not strategy or anything remotely interesting/value add. There is a bunch of IT implementations/internal audits/assurance work which sucks and makes sense for companies to outsource. A lot of our projects are just solving a problem which we created to sell more work to an existing client. Sure a lot of work is sold because the companies doesn't have the resources to do whatever task but that doesn't mean we aren't parasites gouging on these clients.
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