McKinsey and BCG do not audit companies. They are consultancies and do not certify accounts to be “correct and legit”. Think of auditing companies a little bit like of vehicle inspection shops certifying your car is safe for the road.
Consultancies are not doing that.
I’m not sure why certain businesses should be “banned” because YOU believe they do not add value. Do you pay them? No.
It’s not correct that they are proxies for decision making that mangers don’t want to be responsible for. Neither McK nor BCG could run at the scale they do for five decades if that was the case.
But I suppose that was just your happy Sunday rant of the day to let off some steam.
We should probably ban the "no skin in the game part" instead of just the sector. Even though there have been a few court cases, the effect was tiny and they are still considered reputable. In some cases probably more personal lawsuits should be done more often (also for politicians and civil servants)
With governments having like 30-50% GDP share of the economy (e.g., tax versus GDP) - we are gonna have a hard time banning literally everything based on that…
That was Booz Allen Hamilton, they are a government subcontractor that largely provides long-term staff augmentation... totally different type of professional services than strategy consultants or even system integrator (SI) shops like Accenture and Deloitte.
Consultancies are not doing that.
I’m not sure why certain businesses should be “banned” because YOU believe they do not add value. Do you pay them? No.
It’s not correct that they are proxies for decision making that mangers don’t want to be responsible for. Neither McK nor BCG could run at the scale they do for five decades if that was the case.
But I suppose that was just your happy Sunday rant of the day to let off some steam.