[2014-08-26] Santander Bank Commissions Study on Impact of Bitcoin on Banking

[epere]

http://newsbtc.com/2014/08/25/santander-bank-commissions-study-impact-bitcoin-traditional-banking/

The study was sparked by Julio Faura, who heads corporate development at Santander. HashReport indicates that Faura seeks “additional outside perspective onto the topic of Bitcoin,” and “[w]hile acquiring consulting services from top tier consulting firms can be exciting, he thought that an outsider, multidisciplinary perspective, would be particularly helpful.”

[aigeezer]

Years ago, I naively asked my boss whether he was worried that the consultants he had hired might say something unfavorable. His reply was "never hire consultants unless you can specify what their report will say".
I thought he was joking, but it turned out he was not. He had a PhD from a major university's commerce department, fwiw.

At another level, an old description of a consultant's role is "lend me your watch and I'll tell you the time."

Seen from this angle, consultant reports are still very useful as they help an organization to change in a particular desired direction - they stifle opposition, for good or ill. It's just that the consultant's role is often not what people generally think it is.