STRATEGY IN CONSULTANCY

Strategy consulting, often referred to as strategy consultancy. Strategy advisory or boardroom consulting is regarded by most consultants as the most high- end and prestigious segments within the professional service industry.

The strategy consulting domain focuses on supporting private sector clients with development of corporate, organisational, or functional strategies and helping public sector organisations and institutions with economic policy.

What do strategy consultants do?

Strategy consultants are hired by clients to support them with strategic decision making, which includes the development of strategy and to an extent, also the execution of such strategic plan. As the responsibility for strategic decision-making falls under the mandate senior management, strategy consultants typically work for executives and high ranged managers. By doing so, strategy advisors can help companies with definition of their vision, mission and strategies supported with economic policy setting, while in the case of mergers and acquisitions, strategy consultants typically support the strategic activities and processes such as setting, executing the commercial due diligence, creating the mergers business case and or designing the integration roadmap.

At the same time, the work of strategy consultants can cover all major functional strategies spanning strategic work across the full chain. For example, advisor can be asked to define commercial strategies in sales and marketing domain, customer channel and product market combination strategies.

However, in cases of HR consultants contribute to human capital strategies including talent management business cases, while in the tried of operations, strategy consultants are picked to draft operating models and those with higher level business objectives.

I hope you find this piece useful.

Maryam