Maybe yes, and maybe no. As profgrrrl and others have commented from time to time, sometimes we're giving advice and they're not taking it. Sometimes the smaller stuff is easier than the large stuff: we can suggest that if they want to submit something to Journal A and Journal A wants Chicago style, they'll have a better chance if the manuscript is in Chicago style. That kind of thing is a no-brainer. The same holds true if it's a really big question--of ethics, say, or of a university deadline.
It's the mid-level stuff that's the problem. Students aren't Play-Doh, after all. We can advise getting in touch with X person or including Y person on a committee, but ultimately we only have two kinds of power: moral suasion and the veto power enforced by quitting a committee. Since no one wants to do the latter except in the most extreme circumstances, we're left with persuading students that what we're advising really is in their best interests. Sometimes they don't believe us and go their own way. Sometimes they're right to do so.
Sometimes, though, they're wrong, and their project will leave people scratching their heads about the "bad advice" they got from their advisors.
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