"Undervalued" is defined as a scenario where the cost of hiring a typical management consulting firm (such as McKinsey, Boston Consulting Group, or Bain & Company) is less than the value they add through their consulting services, within the context of the US market.
This market assessment will be resolved once there is convincing evidence to suggest that management consulting is either likely undervalued or overvalued.
I will place significant emphasis on academic studies that employ causal research methods to quantify the value of management consulting.
1,000@redacted yes, every happy transaction was "undervalued"
but you dont know if it is undervalued or not ex ante.
@redacted You could pay for consulting services, and ended up not being happy with whatever advice they have to give. That would be an unhappy purchase and consulting is overvalued in such case
@jdilla repeat buying from cooperate clients could be very good evidence. but then we have to answer the question of why isn't other cooperate using management consulting if its so obviously beneficial