Strategy consulting, often referred to as strategic consultancy or boardroom consulting, is one the most ‘high-end’ and prestigious segments within the professional services industry. The domain of strategy consulting focuses on supporting private sector clients with the development of corporate / business unit strategies and helping public sector organisations with public policy.
The market for strategy consulting services consists of five main disciplines: Corporate Strategy, Public Sector Strategy, Mergers & Acquisitions, Organisational Strategy and Functional Strategy. An overview of the key expertise areas per discipline:
What Is the Difference Between Management Consulting and Strategy Consulting?
What do management consultants do?amcpi
What are the benefits of hiring a consultant?amcpi
- An Objective based on the Outsider's Perspective. Especially true for small to mid-size companies, owners and senior management normally have invested significant time, energy, and resources into their companies. ...
- Accomplishing Short-Term Goals. ...
- Leveraging New Skills. ...
- Outside Market Knowledge
- The luxury of having time to Plan
What is the Role of a Consultant?amcpiConsulting is the business of providing expert advice to a specific group of people. So what do consultants do? In a practical sense, they advise. They pull from their niche experience, industry understanding, and problem solving abilities to offer valuable advice to a specific type of client or group of people.
Other characteristics that differentiate strategy consulting from other consulting disciplines:
• Strategy consulting requires a high level of quantitative/analytics skills
• Projects typically have a shorter time-span and tighter deadlines, with longer working hours the result
• Strategy consultants mainly work from their own office instead of being based at client premises
• Clients are typically strategic portfolio holders such as CXO’s, executives and/or senior managers