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Re:GPT-4 increased BCG consultants’ performance by over 40% by pydry on Saturday September 30, 2023 @09:38AM (#37715325)
The magic is in forming cross company cliques (a lot of C suite is ex consultant and they give each other leg ups), ego stroking ("this executive is a visionary") and providing industrial grade ass cover for decisions that the C suite are afraid to make by themselves.

They'll also let you know on the sly what their other customers are doing that works well.

Re:GPT-4 increased BCG consultants’ performance by over 40% by jamiegreen on Saturday September 30, 2023 @09:42AM (#37715358)
Don’t underestimate the ass covering.

I recon 60% of management consulting work is just to ass cover for a director with no conviction

Re:GPT-4 increased BCG consultants’ performance by over 40% by corysama on Saturday September 30, 2023 @10:31AM (#37715794)
The more expensive the cover the better.

“I paid a world-class consulting consultant company top dollar to vet this idea and they produced ton of documents about how great it was. And, yet it failed. But, I’m not at fault here. What more would you have had me do?”

There was an article on HN years ago about top grade from Harvard-like schools being sucked into consulting companies and discovering their job was to be paid tons of money writing reports that support whatever the exec of the moment wanted to hear.

Re:GPT-4 increased BCG consultants’ performance by over 40% by acover on Saturday September 30, 2023 @12:01PM (#37716730)
Do you have a link? I can't find it.
Re:GPT-4 increased BCG consultants’ performance by over 40% by matheusmoreira on Saturday September 30, 2023 @12:56PM (#37717332)
> their job was to be paid tons of money writing reports that support whatever the exec of the moment wanted to hear

Sounds like an extremely nice job.

Re:GPT-4 increased BCG consultants’ performance by over 40% by p1esk on Saturday September 30, 2023 @02:19PM (#37718226)
Not really.
Re:GPT-4 increased BCG consultants’ performance by over 40% by matheusmoreira on Saturday September 30, 2023 @04:16PM (#37719307)
Well, depends on how much money is "tons of money".
Re:GPT-4 increased BCG consultants’ performance by over 40% by pydry on Saturday September 30, 2023 @09:51AM (#37715430)
Yeah, I think that's the majority of the grunt work done by junior consultants.

I don't doubt that if the high level decision agreed upon is "more layoffs because AI" and they were asked for a 60 page report to justify it that ChatGPT would help inordinately in fleshing it out with something that sounds fairly plausible.

Re:GPT-4 increased BCG consultants’ performance by over 40% by ghaff on Saturday September 30, 2023 @12:03PM (#37716751)
There's a lot of boilerplate that actually takes quite a while to write from scratch. If the people involved have a pretty good idea in their heads of what fundamentals are fairly sensible and which are probably sort of irrelevant or even wrong, something like ChatGPT is actually pretty good at churning out at least a decent pre-draft that can save quite a bit of time. I've used it a fair bit for introductory background that I can certainly clean up faster than I could put together from scratch.
Re:GPT-4 increased BCG consultants’ performance by over 40% by jaybrendansmith on Saturday September 30, 2023 @11:06AM (#37716135)
So much of it is about information awareness. Like it or not, these consultants and analysts talk to hundreds of C-levels all the time. They become excellent information sources about what is working, what is not working, and about business risks that a particular executive may not be aware of. Yes, there is the potential for group-think, and the bad ones shill for a particular technology or process without any basis in success. But the good ones provide guidance to the executives that might be working in information-free areas, making them aware of concepts, technologies, and processes that either present risks to their businesses or represent good practices they really should adopt. It's easy to be cynical about this, but there are many good business leaders who are not analytical, and are in need of this kind of guidance.
Re:GPT-4 increased BCG consultants’ performance by over 40% by pydry on Saturday September 30, 2023 @12:00PM (#37716723)
>It's easy to be cynical about this

It's probably easier to assume that their job is to provide objective expert advice since thats what they say they do.

I'm being realistic here, not cynical.

Re:GPT-4 increased BCG consultants’ performance by over 40% by mistrial9 on Saturday September 30, 2023 @12:59PM (#37717351)
the comment might be spot-on for some companies and industry, but really.. not all business culture is the same. By painting "all management" in this light you are showing the same one-dimensional thinking that is being criticized here..
Re:GPT-4 increased BCG consultants’ performance by over 40% by pydry on Saturday September 30, 2023 @01:14PM (#37717516)
Did you think I was making some comment about the millions of businesses and many governments that don't use the services of these consultants?

I can assure you I wasn't.

Re:GPT-4 increased BCG consultants’ performance by over 40% by aussiegreenie on Monday October 02, 2023 @05:43PM (#37744875)
>It's probably easier to assume that their job is to provide objective expert advice since thats what they say they do.

You are mistaken "expertise" with fashion and a good voice.