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> In summation, I have absolutely no idea why Accenture is worth $140B. I'll tell you - because there are no alternatives. If you're a non-tech company (or th
by jeswin 6y ago
> In summation, I have absolutely no idea why Accenture is worth $140B.
I'll tell you - because there are no alternatives.
If you're a non-tech company (or the government), there is simply no way to hire the number of people needed for a large project. It's very, very difficult (if you aren't a software company) to build a team that's any better than what a consulting company will assemble for you. And besides, you might need them all only for a few years.
That leaves the company (or govt) dependant on an IT services vendor. Now why Accenture? Scale. If you're the government (or Coca Cola), you can't risk going to a vendor who has a 1000 employees. There would just not be enough depth if something goes wrong, and they'll lack mature Business Continuity processes. That leaves you with big IT vendors with global prescence.
Now, you could take a chance with a smaller vendor. But if anything went wrong, you're going to get fired for it. With Accenture, you are less likely to.
- Vadoff 6y agoFor a company with 1000 people, if even 100 of them are great engineers, they could easily complete any project Coca Cola would want in reasonable time.
- cjalmeida 6y agoIn a lot of cases they don’t just complete projects. They run entire departments.
- anitil 6y ago> if even 100 of them are great engineers What GP is getting at is that it's a big 'if'. How would you know? Every vendor under the sun is going to promise the world to you, how do vet them?
- Cthulhu_ 6y agoI've never worked in any dev shop with a 100 engineers, let alone great ones; the actual amount of decent engineers is very small.
- swordsmith 6y ago> I'll tell you - because there are no alternatives. How about other more legit consulting firms like exponent (https://www.exponent.com/ https://www.exponent.com/)?
- 908B64B197 6y ago> It's very, very difficult (if you aren't a software company) to build a team that's any better than what a consulting company will assemble for you. And it takes a cultural shift (and a significant premium over what FAANG is offering) to attract the required talent.