The big management consulting firms will have to adapt quickly to AI. The days of paying half a million dollars for a strategy deck are over. By way of example, I was curious, what is next for the food delivery sector (e.g. UberEats, DoorDash, etc) so I put together a prompt and leveraged ChatGPT.
Tag: Management Consulting
When I was at Jarden, a large global CPG, we announced a merger with Newell Brands. Over the next 6 months, our headquarters in Atlanta and NY turned into a conference room full of management consultants who were tasked with finding efficiencies between the two large $8b organizations. What they were providing was a high margin, somewhat commoditized service. Large global companies are often inefficient and can afford to pay these rates, but the same can’t be said for startups. There’s definitely a time and place for management consultants, but like other industries, theirs is also being disrupted. This is good news for entrepreneurs who now have alternative tools.