2008-10-01

Consulting Consultants

It always amazed me how consulting firms sold work – they would advise other firms on how to cut costs, improve revenues, reorganize, demerge, acquire, shut down, relocate, launch products, replace CEOs, reconstitute boards, what-not-and-what-more. It amazed me more that not many of the client firms asked these consulting firms of their track record of managing themselves. One look at the consulting industry, we would see that many of these consulting firms have themselves struggled to grow. Now that many of the top banks, which have been advised by consulting firms at one time or the other, have gone down, what does consulting firms have to say? Maybe something like this… we made good money when the going was good!

Advice is fine; execution is king.

PS: Yes. I still remember that I was once, for a short while though, a consultant.

1 comment:

Nitin M. said...

Advice is not nearly as valuable as execution. But good advice is still very valuable, such as the essay advice one can get at this site. Take a look at the free MBA admissions essay samples available here.

2008-10-01

Consulting Consultants

It always amazed me how consulting firms sold work – they would advise other firms on how to cut costs, improve revenues, reorganize, demerge, acquire, shut down, relocate, launch products, replace CEOs, reconstitute boards, what-not-and-what-more. It amazed me more that not many of the client firms asked these consulting firms of their track record of managing themselves. One look at the consulting industry, we would see that many of these consulting firms have themselves struggled to grow. Now that many of the top banks, which have been advised by consulting firms at one time or the other, have gone down, what does consulting firms have to say? Maybe something like this… we made good money when the going was good!

Advice is fine; execution is king.

PS: Yes. I still remember that I was once, for a short while though, a consultant.

1 comment:

Nitin M. said...

Advice is not nearly as valuable as execution. But good advice is still very valuable, such as the essay advice one can get at this site. Take a look at the free MBA admissions essay samples available here.