Consulting Industry Dynamics and AI Disruption

What is the main reason for McKenzie's current challenges?

• Increased competition from small firms

• Decreased demand for consulting

• Global and technological changes

• Lack of innovation

What was a key strategy in McKenzie's recent growth?

• Reducing workforce

• Avoiding acquisitions

• Focusing solely on traditional consulting

• Expanding digital and technology capabilities

How has BCG managed to grow compared to McKenzie?

• By better deploying and retaining specialists

• By avoiding digital expansion

• By focusing on traditional consulting

• By reducing its service offerings

What is a significant factor contributing to BCG's potential to overtake McKenzie?

• BCG's focus on AI

• BCG's larger workforce

• BCG's superior digital strategy

• BCG's better client retention

Which company is noted for its rapid growth and competition with McKenzie in AI services?

• Deloitte

• Accenture

• IBM

• Palantir

What is McKenzie's core business that is currently growing healthfully?

• Human resources consulting

• Digital marketing

• Strategic advising

• Supply chain management

How does Palantir's approach differ from traditional consulting firms?

• It only offers software solutions

• It avoids direct client interaction

• It deploys engineers to embed technology

• It focuses on financial consulting

What is a potential future challenge for McKenzie due to AI?

• Over-reliance on traditional methods

• Increased need for junior consultants

• Compression in consulting fees

• Lack of interest in AI from clients

What is a common misconception about the impact of AI on consulting?

• AI will immediately replace all consultants

• AI's short-term effects are overestimated

• AI will only affect small consulting firms

• AI will have no impact on consulting

What might McKenzie rely on to protect against AI disruption?

• Its intellectual property libraries

• Its partnerships with small firms

• Its focus on traditional methods

• Its large workforce