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Chief
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Delayed in DFW. Who wants to get drinks ?
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Chief
1) You start with "management consultant" then immediately shift to the role of a "tech consultant"
2) Most consultants don't have an accounting background
3) You don't need a CS degree to understand things like 5G or Blockchain, both of which are more economically complex than technically difficult to understand
Lol OP, I know more management consultants with mechanical engineering degree than accounting, but I’m not making a generalisation of all mngmt consultants are engineers giving advice on P&L’s 🤣
Plans are worthless; planning is indispensable.
Often hiring consultants forces a rigorous planning process that otherwise wouldn’t occur.
From what I gather it's a lot about selling BS in a fancy manner that makes executives at large companies feel good so they continue to hire more management consultants
Chief
It's not really BS, but a lot of it is obvious. It's just basic business principles with either a solid approach or proven method. It's shocking how few professionals can actually come up with a solid approach, and that's a huge part of why executives hire consultants.
Chief
Generally MBA’s are business focused. Having a great solution is one thing, monetizing it for the long term is a whole different game
“How can accountants with MBA’s run tech companies”
Because they don’t need to know how to do a tech job in order to tell people to do it , and to manage a broad strategy based on market trends.
Chief
While Amazon became a very technologically sophisticated company, I can't find any evidence that anything requiring "deep technical expertise" was a significant factor in Amazon's initial growth. Bezos hired talented developers to do what others were all doing, but he demanded they do it faster.
The most technically impressive achievement of Amazon's early days was fulfilling orders quickly nationwide. That took a lot of first-class IT systems, but none of it was the result of genius-level coding from Bezos.
Just like Gates and Jobs, Bezos was obsessed with growth and was able to get other humans to grind for his vision. He was really good at getting and utilizing talent. And he made consistently brilliant business decisions, none of which were especially controversial for a growth-focused CEO.
Bezos was absolutely very technical, but that's not why he was successful. He had a solid strategy to grow in a new market and he pushed his people hard to achieve that.
On a previous project of mine we had a large budget and it was a very important banking client that wanted to be continuously updated on the "cool startups and new tech" We assigned a team of four to literally just look at new tech in the market, get demos and build a company/product profile. They went to all the "best startup" conferences and just talked to the market.
Really helped us understand what was happening past our scope of vision and I walked off that project with a deck of 300+ company profiles that are doing cool things in the tech space
Jeff Bezos worked in Wall Street before building Amazon.
Steve Jobs studied Zen Buddhism after dropping out of college.
Brian Chesky has a Bachelor of Fine Arts.
Reed Hastings studied Mathematics.
There’s many more folks who run Tech companies now without CS / Engineering backgrounds and doing just fine. What someone chooses to study in 4 years of their life should not define their next 40.
Good point
When executives shell for the consultants, there is usually a decent amount of momentum to “do things”, except that in-house people don’t have the resources, skills, agency or drive to do them. Consultants lay out a work plan to do whatever execs want to do (depending on the scope and the firm, we may even be able to dissuade your execs _from_ doing something).
Many of my client counterparts have welcomed our project with open arms, recognizing that they finally could improve stuff that they knew needed fixing but never had the time or agency to start fixing.
Also I’m not an accountant and do not have an MBA, so.
We charge a lot of money to reformat numbers in XLS and regurgitate them into a PPT while stating the painfully obvious to our clients
Chief
Bruh, how old are you? Why don't your file types have X on the end?