Someone needs to make an ETF that shorts public companies weighted by their management consulting expenses. Bet it would outperform the market.
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Original post is talking about about Fortune 500 firms not some south asian silk factory run by a local minister’s best friends uncle.
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Self hating Indian roots spotted
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That just tells you about the average management quality team. If outside consultants without internal context can improve much then you need a new management team.
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Managers need to learn too and management consultants have proven to be effective and net positive teachers on average (though there are certainly loads of cases where managers are relying on consultants for the wrong reasons)
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