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Have McKinsey and its consulting rivals got too big?

(www.economist.com)
167 points godelmachine | 2 comments | 19 Oct 24 14:46 UTC | HN request time: 0s | source
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samdung ◴[19 Oct 24 16:56 UTC] No.41888940[source]▶
I have a small story about McKinsey from friend of mine in the Indian Bureaucracy from about 10-12 years ago.

McKinsey was doing some work for their dept. I asked him what they did. He said, "McKinsey asked us for lots of information. Then they put it into a dossier and gave it back to us."

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geoka9 ◴[19 Oct 24 18:57 UTC] No.41889816[source]▶
That's how any financial consultant/auditor works: an outside team sets up shop in one of your offices with your management's permission to ask any person in your company for any related information. Then they compile a report/financial statements, send it to your management and collect their fee.
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1. throw4950sh06 ◴[19 Oct 24 19:28 UTC] No.41890069[source]▶
Yeah, but that report is required by government to be done independently. That makes it very different.
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2. geoka9 ◴[19 Oct 24 19:56 UTC] No.41890296[source]▶
Not every company has a group that reports directly to the top management and has access to all the employees/information in the company. Therefore the same people who do required audits are sometimes engaged by the management to prepare similar reports as consultants. I've read a few audit reports and they did sound like a set of recommendations to the management.