Episode 31: Growing Your Own Consultants - An Alternative to the Big 4

This episode critiques the business model of large consulting firms, highlighting their high costs and reliance on inexperienced staff while partners accrue significant profits.The author acknowledges consultants' objectivity and focused capacity, but points out their lack of internal and industry knowledge and potential disconnect with employees. As an alternative, the text proposes creating a small internal team, suggesting a 12-month experiment to identify and develop existing talent at a fraction of the cost. This approach aims to provide similar advantages to external consultants, such as dedicated problem-solving, while uncovering hidden talent, leveraging internal understanding and fostering inclusion.Excerpts from ⁠⁠⁠⁠⁠Magnetic Nonsense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Short History of Bullshit at Work and How to Make it Go Away⁠⁠⁠⁠⁠Note: podcast generated by Google LM Notebook from the original book text.