TOPIC: Globalisation » Economy » Services » Consultancy
Category
articles
Date
2012-01-31
Actor
Hanson, Robin
Source
Overcoming Bias
Uploaded date
2012-02-03
Uploaded by

Too Much Consulting?

"The puzzle is why firms pay huge sums to big name consulting firms, when their advice comes from kids fresh out of college, who spend only a few months studying an industry they previous knew nothing about. ... Firms could hire most any smart independent folks, or set up a prediction market. But alas those sources don’t have the raw strength of status to cow opponents into submission, opponents who in practice can block changes no matter what a CEO declares." (Quoted from article)

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