Why Business Schools And Consulting Firms Are Adding So Little Value
The story in brief
A recent Forbes report questions the tangible value added by traditional business schools and major consulting firms. The article suggests that these institutions often deliver generic frameworks rather than bespoke, actionable insights tailored to specific organisational contexts. It argues that the gap between theoretical models and practical execution remains significant, leading to diminishing returns for clients. This critique highlights a growing skepticism towards premium-priced advisory services, implying that organisations must look beyond established credentials for genuine strategic advantage and operational improvement.
What this means for your career
This shift demands that you take ownership of your strategic development. Relying solely on external consultants or formal qualifications is no longer sufficient. You must cultivate practical, context-specific problem-solving skills that deliver immediate results. Focus on mastering data analytics and digital transformation, as these areas offer tangible, measurable value. You should also develop strong internal leadership capabilities to drive change without expensive external intervention. Prioritise continuous, applied learning over passive credentialing. Build a portfolio of real-world projects that demonstrate your ability to navigate complexity. By positioning yourself as a self-sufficient strategist, you become indispensable. Embrace agile methodologies and cross-functional collaboration to stay ahead in a market that increasingly values execution over theory.
Original reporting: Forbes ↗
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