Saturday, February 23, 2013

Boston Consulting Group, a consultant who does not dare to speak a truth that might hurt, is no real consultant.

Boston Consulting Group wrote a reasonably good paper about the need to finance the Next-Generation Companies, and which it presented at the World Economic Forum in Davos in 2013 

Unfortunately, the paper fails to identify that, courtesy of excessively sissy bank regulators, we now have capital requirements for banks which favor “The Infallible” and thereby discriminate “The Risky”, and which of course means favoring the past, those who have already made it, and therefore discriminating against the Next-Generation Companies. 

How come the Boston Consulting Company does not raise that issue? Would it be because doing so would reveal bank regulators for the fools they are

As I see it a consultant who does not dare to speak a truth that might hurt, is no real consultant.

A good consultant should always try to block group-think, not nurture it.