The Truth About Consulting Firms Socrates Podcast
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Our guest in this episode of the “Socrates” podcast is Mr. Riad Al-Najjar, Chairman of the Board of Directors of “PwC” Middle East, and the Managing Director of the Saudi office. “PwC” is one of the major consulting firms that played an important role in the past period. Some see the role of consulting firms as negative, while others see it as positive. In this episode, we delved deeper into understanding the role of these companies, their history, and the nature of their work. There are many reservations about their work and allegations that they sell the client the words they want to hear, regardless of how true they are! We talked about many of the wrong practices that occur within consulting firms, and about the future of this sector after the emergence of artificial intelligence. We concluded the episode with a set of questions from the audience, such as the lack of empowerment of Saudis in the consulting sector, the presence of a branch of the company in Al-Ula, and other questions. – • Suggest a guest for the Socrates podcast on the suggestions page: https://thmanyah.com/podcasts/suggest... • Or by emailing us at: [email protected] • Subscribe to Thmanyah’s newsletters here: https://thmanyah.link/e4ddcc • Whether you are a coffee lover prepared by professional coffee makers or prefer to prepare it at home. We are honored to enrich your knowledge of the world of specialty coffee, start with one step: https://thmanyah.link/9y3 and share your experience with us through our interactive platforms. • Own smart residential units with sustainable real estate services and innovative purchasing solutions, with Safa Investment Units: https://thmanyah.link/561 • Authentic Saudi Hospitality Newspaper: https://thmanyah.link/88b • Order Nova Water: https://thmanyah.link/84q Episode Topics: (00:00) The Beginning (05:09) The History of the Consulting Industry (10:00) The Structure of Consulting Firms (17:31) Consulting Firms and the Vision (24:41) Office and Employee Headquarters (36:05) Is Hiring a Consulting Firm a Risk? (42:46) The Added Value to Projects (58:26) The Conflict of Interest Problem (1:01:00) The Confidentiality Problem (1:09:08) McKinsey’s Acquisition of “Elixir” (1:12:11) Advice for Consulting Firms (1:15:17) Mistakes of Consulting Firms (1:22:45) Achievements Report in Saudi Arabia (1:32:52) Friends' Questions Links: Omar Al-Jeraisy's Snapchat account / ojeraisy Thmanyah website: https://thmanyah.link/fa44da Thmanyah Radio: https://thmanyah.link/af2741 Thmanyah on Twitter: / thmanyah Thmanyah on Instagram: / thmanyah Thmanyah on TikTok: / thmanyah Thmanyah on Facebook: / thmanyah
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