Trillion Dollar Consulting Industry That Rules The World - The McKinsey, BCG & Bain Influence
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 4 October 2023
⏱️ 17 minutes
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Summary
Patrick Bet-David explains why the business of consulting is a trillion-dollar industry today. PBD goes through the history of consulting and how companies like McKinsey, BCG & Bain influence the world and shape global industries. Most importantly, how anybody can become a consultant today! Connect With Experts On Minnect: https://bit.ly/3rCChgd Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get the latest updates in real-time! Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
Transcript
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| 0:00.0 | So did you know the business of ideas? |
| 0:01.6 | Yes, ideas is officially a trillion dollar industry per year. |
| 0:05.3 | That means people spend a trillion dollars per year. |
| 0:08.1 | Simply for advice. |
| 0:10.1 | You ever heard of a company called Verizon? |
| 0:11.6 | Did you know they gave, not 10 million, not 20 million. |
| 0:14.5 | They gave $120 million to McKenzie over two years. |
| 0:17.4 | You know for what? |
| 0:18.2 | Purely for consulting and advice. |
| 0:19.9 | And by the way, they don't even flinch |
| 0:21.3 | when they're doing it nowadays. |
| 0:22.3 | And matter of fact, this has become so powerful |
| 0:24.1 | that Fortune 500 companies, as well as government, |
| 0:26.7 | like government employees, Prime Minister's Presidents |
| 0:29.1 | are coming from these big consulting firms. |
| 0:31.8 | Let me give you a list of these names. |
| 0:33.2 | CEO of Google is a McKenzie alumni. |
| 0:35.2 | So CEO of Facebook, CEO of Morgan Stanley, |
| 0:37.8 | vote for Lego, Boeing, Best Buy, Levi. |
| 0:40.4 | You know what else is a McKenzie alumni? |
| 0:41.8 | Chelsea Clinton. |
| 0:42.8 | Let me continue. |
... |
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