Senior executives do not need external consulting firms to formulate their strategy
Richard Rumelt · Good Strategy, Bad Strategy | Richard Rumelt · Jan 21, 2024 · at 1:14:35
Richard Rumelt discusses who should lead strategy formulation within an organization and questions the necessity of external management consultancies.
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“My experience working with companies is that the senior executives have to do this. And my experience is that the senior executives know pretty much everything you need to know to do this. That you don't need, you know, consulting firms to come in and analyze everything and to do. Yes, you'll gain some insight if they come in and do a competitive analysis and a customer analysis and all of that, but the basic issues, the challenges you're facing, they know that.”
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