John Oliver just dropped a video on McKinsey

Link https://www.youtube.com/watch?v=AiOUojVd6xQ

The consultants are for the following reasons :

1. The management wants to take a certain decision regarding a situation.
2. Consultants come and validate this decision basis fancy ppts and ‘expert interviews’.
3. Board of the company / investors agree and give the go ahead to the management basis their presentation.
4. (I) positive outcome - management triumph, management gets bonuses. (II) negative outcome - McK/bcg/Bain suggested it, we went by their advice.
5. McK/BCG/Bain to board : Macro environment changed, give us another multimillion dollar project to arrive at solution.
6. Board : Yes ✅, also audit karo ye management ka. (Enter audit firm like Grant Thornton)

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Man I finished the episode, I interviewed with McKinsey few years ago and kept wondering why TF their office had no signs! John Oliver is brilliant

I don't know why MBB gets targeted as these big consulting giants when Deloitte is bigger than all 3 combined......

Re: purdue Pharma- watch the tv show Dopesick. Master class on how management can grow delusional and go from good to evil because of corporate greed.

Interesting Can’t wait to watch this

There is a book called When McKinsey Comes To Town by Michael Forsyth and Walt Bogdanich. It’s a very interesting read into how these consulting firms work and the kind of influence McKinsey has. Truly impressive and concerning!

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