> no company is going to assign budget to something that's clearly useless
That would be true only if leadership was 100% omniscient and knowledgeable in all topics. The problem is that ultimately only leadership and shareholders are incentivized by company profits.
People on a salary care more about their personal salary and benefits, and while those should theoretically correlate with company profits, the feedback loop is extremely long and can be affected by external factors, potentially concealing inefficiencies, ultimately allowing people on a flat salary to prioritize their personal gains at the detriment of the company's gains.
And the above still assumes good faith and mere lack of skill. When you include fraud or mis-selling into the mix (such as big consulting companies charging insane sums for unkept promises then outsourcing the actual work to incompetent people) the problem becomes so much bigger.
That would be true only if leadership was 100% omniscient and knowledgeable in all topics. The problem is that ultimately only leadership and shareholders are incentivized by company profits.
People on a salary care more about their personal salary and benefits, and while those should theoretically correlate with company profits, the feedback loop is extremely long and can be affected by external factors, potentially concealing inefficiencies, ultimately allowing people on a flat salary to prioritize their personal gains at the detriment of the company's gains.
And the above still assumes good faith and mere lack of skill. When you include fraud or mis-selling into the mix (such as big consulting companies charging insane sums for unkept promises then outsourcing the actual work to incompetent people) the problem becomes so much bigger.