356: Former Bain & Company Director Michael Farmer — Differences Between McKinsey, Bain and BCG, Strategy Consulting, Helping Ad Agencies and Their Clients Navigate the Changes in the Media Landscape, Transformation of a Creative Ad Agency (Huge)
The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving
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How to Start a Consulting Firm
At Bain, we would only work for one company in an industry because we wanted to kill the competitors. We have to have a three hour private meeting with them before we will even do any work. So those three firms happened as they've all converged. They are all involved in long term relationships. All hire the same kind of people. It's been interesting to see that happen. An individual coming out of business school could work for any one of those firms and be quite happy. That would not have been the case of 50 years ago.
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