The Economist (November 23)
Management consulting is being disrupted. “Advice on strategy, which used to be meat and potatoes for firms like McKinsey and its peers, Bain and the Boston Consulting Group (BCG), is now a side dish; it accounts for about a tenth of revenues.” These days clients “want consultants to provide and install products, including new technologies, that transform them from top to bottom and keep disrupters at bay.”
Tags: Advice, Bain, BCG, Clients, Disrupted, Management consulting, McKinsey, Revenues, Strategy, Technologies, Transform
Bloomberg (December 18)
Early this year, Kremlin aids advised Vladimir Putin that “Russia was rich enough to withstand the financial repercussions from a possible incursion into Ukraine.” Their advice and the subsequent invasion “now looks like a grave miscalculation. Russia has driven interest rates to punishing levels and spent at least $87 billion, or 17 percent, of its foreign-exchange reserves trying to prevent a collapse in the ruble from spiraling into a panic.
Tags: Advice, Collapse, Foreign-exchange reserves, Interest rates, Kremlin, Miscalculation, Panic, Putin, Ruble, Russia, Ukraine
