@basumallick this post is worth it’s weight in gold. Remember starting to buy Sintex Industries from late 2017, and averaging down for 1.5 years, and booking 90% loss an year after last buy.
In my career itself I’ve seen top management spending millions of dollars on McKinsey consultants to tell them what to do. Then why are top management guys paid so much money if they need McKinsey to tell them what to do. I’ve never seen even one McKinsey with good industry knowledge in the area he’s asked advise on, haven’t seen them give concrete actionable advise (their reports are all verbal diarrhea which can be interpreted in 100s of ways), they’re quick to take credit but hide failures or blame failures on faulty execution ! Have we seen a single successful company founded by ex-McKinsey, at best they join as top management at an existing successful company.
While both “Good to Great” and “Built to last” were enjoyable books, I believe these companies were perhaps built to last when Jim Collins & co were analyzing them. The only companies I’ve seen re-inventing themselves in the last 20 years after failures are Apple (Steve Jobs) and Microsoft (Nadella).