Every billionaire i read about hates management consultants. Is there even a single billionaire out there who doesn’t detest consulting?

likefunnyhelpful
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Is there a single person who doesn’t detest billionaires?

likefunnysmart

Wages, mainly the minimum wage certainly hasn’t kept up with inflation but the bigger issue with many of these jobs is that they didn’t use to need to be a living wage.

I started legally working at 14 and shopping malls which were retail centers, were basically run by teenagers. Food service was often the same and that general labor pool didn’t need a living wage.

The federal government and respective states certainly could raise or even phase in a $15 minimum wage.

As for lobbying, sure but I guess I have simply come to accept that and it has been status quo for over 50 years now.

The biggest game changer seems to be automation and technology that is allowing companies to do much more with fewer people and resources. This is enabling larger scale at ever increasing speed and the inertia is difficult to keep pace with.

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Billionaires usually become billionaires by doing something dramatically different from conventional wisdom. Consultants will never recommend you do something that goes against conventional wisdom.

Both are usually right in their own contexts, and both would generally do worse by following what the other says. Different people with different goals working in different contexts.

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Or attorneys, accountants, IT, etc. Pretty sure they hate anything that doesn’t directly put more money in their accounts.

likesmart

I don’t mind consultants, but maybe I’m the only one

funnylike

Does Bill gates? He hires a ton of MBB for his foundation

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Hmm Well I guess Deloitte was too selective for Gates

Having spent most of my career as a consultant and now being in an organization that uses them only sparingly, that is the correct approach.

Consultants often don’t have tangible deliverables that will directly translate into business value.

For a defined expertise or technology product it can make sense, but otherwise it generally isn’t value added.

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I have 20 years in Consulting and I hate 'em too!

I would still use them sparingly for some things. Of course I have the upper hand in dealing with them now!

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The term consultant is misused and overused. Consultants play a valuable role short term, and their work has to deliver tangible value. To state that Billionaire don’t like x, y or z is too broad a statement. Billionaires don’t like consultants, attorneys, politicians, governments etc, but they work with and spend money on all of them. As a consultant (who spent many years in industry prior to consulting), I can state that I don’t despise consultants and find the profession and services very useful in specific cases. I’m not a fan or supporter of staff-aug consulting which rarely adds value.

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Staff aug = filling in a full time role with a consultant (temporarily)

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https://youtu.be/-c4CNB80SRc

You need to learn how to use the product.

Otherwise they will simply drop a fancy presentation on your desk that is unimplementable and GTFO.

I'm a billionaire and I love consultants.

I don’t hate consultants and I am a 1/20th billionaire, if you must know.

The entire Silicon Valley detests us too.

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