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Productivity Gains and waste via consulting firms

Like most folks, I have a bunch of friends and whatnot that work in huge companies that have 100s of consultants running around charging $300+/hour. Most times I hear that these folks are not worth it…but a bunch of reasons keep them around.

Joel breaks down one way that they transfer wealth between huge companies. It’s a gr8 read and cracked me up.

(I wrote this during some talk at Phocuswright that is kinda boring - or at least this one is not relevant to me. Priyan Fernando of Global Business Travel of Amex is talking about this that the other. This conference is I think for executives…and I guess I am one as well - but I guess I see myself more as a traveler still. :) )

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