Thread regarding Teradata Corp. layoffs

You Don't Need to Hire Consultants or Strategists.

Says Frank Slootman in his book Amp it Up. Of course, we do the opposite. Someone on this board said SNOW has George Patton, and we have Beaver Cleaver. Read the FS excerpts below, and you will decide if that is true.

Amp it Up
You Don't Need to Hire Consultants or Strategists.

Many executives, especially at big companies, feel insecure about strategy and want to bring in consultants to inform and drive that aspect of the business. That's how firms such as McKinsey and Bain make a fortune. You can hire them to organize your data, generate pretty visualizations, write up a detailed analysis. Plus, it might enhance your executive authority in board meetings if you present a strategy developed by a major consulting firm.

Consultants are people who borrow your watch, tell you what time it is, and then keep the watch. In the long run, you are better off working on your strategy without the fancy language and pretty slide deck. Develop confidence in your authority, not somebody else's.

Likewise, in many large companies, it's common to see dedicated strategy roles. These people are basically in-house consultants because they have no operational responsibility. The operators won't like simply being told what the strategy is. The Chief executive officer must also act as the chief strategy officer. Pure strategists (either outsourced or internal) will be quick to blame the execution because it is undoubtedly not their strategy that is lacking.

Chappers, surely not; you would never do that, would you?

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| 2041 views | | 4 replies (last September 9, 2022) | Reply
Post ID: @OP+1iy18gdy

4 replies (most recent on top)

The conflict of interest with NC hiring McKinsey is a huge concern but there really are no checks and balances with the ELT or the Board. And who vets the ELT hires? The turnover the last five years at the ELT level is atrocious. And who really vetted SM. He was asked to leave IBM and nobody at F5 was impressed with him either. We had SB who was the sharpest ELT hire the last five years but passed on him since he had no CEO experience, then hire SM who had no CEO experience? You can't make this stuff up.

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Post ID: @5uxb+1iy18gdy

Not only did SM hire a CSO, the CSO then hired McKinsey. Its almost comical. What is NC's role other than as a glorified project manager for whatever McKinsey is doing? And to make it worse, the total lack of a strategy is masked by a 29 point (or whatever it is) "action plan" (or whatever they call it) that is so cumbersome it is collapsing under its own weight. This could be a case study on how NOT to develop and execute a strategic plan.

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Post ID: @1fkc+1iy18gdy

The problem is that none of the executives understand or are competent to manage Teradata. So, they hire consultants lacking the same competency to make themselves look good.

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Post ID: @1itm+1iy18gdy

We are doing exactly what it says not to do.

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Post ID: @1ivx+1iy18gdy

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