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Reply to "What is “consulting” in the business world"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s bullshitting for money.[/quote] +1 the jargon and new process changes like agile are the bane of my corporate existence. I'm 50, and every few years there's some new jargon and process, but none of it is earth shattering. Most of it is common sense, and a few are just pointless BS to make some MBA grad feel like they are contributing.[/quote] There’s always at least one person who wisely shakes their head and says “that’s basically what we’re doing today” or “it’s common sense” after seeing a recommendation. Is it? Maybe. Is that anything like what they’ve been doing? No. Their current model for whatever is a closely held nightmare that no one but Bill on the 3rd floor actually understands. It makes silly assumptions that no one realizes are in there and produces crappy results most years and catastrophically bad results in off years. But, yeah, that new model we designed, with a 1000 market scenarios and tunable risk tolerances, is totally like the gut-feel-plus-how-we’ve-always-done-it approach you had. Consulting is imperfect and sometimes exactly what you’re describing, but show me a big organization and I can find something central to their business that is a total cludge and that no senior exec realizes is the basis for some huge decisions they’ve made. [/quote] I agree with this. I hated the consulting world, but the PP is a bit off as well. In my experience, whatever the hell Bill on the third floor and Mr. "Common Sense" are saying generally caused billions and billions of dollars in fines and a tremendous amount of government scrutiny. No way would the people who caused that problem be able to finagle themselves out of it. Maybe if you're just looking for incremental improvements? In my consulting life it was putting out MAJOR fires where it was abundantly clear that the original boots on the ground were either the source of the problem or would be utterly incapable of fixing the mess. And no, it's not the 22 year olds who run that show, but good consulting firms have expertise you might not find otherwise. (And if they're really great, you can hire them in house!)[/quote]
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