At its core, business strategy is all about earning superior profits and beating the competition. Strategy consulting is the industry and practice of assisting businesses with high-level decisions that enable them to do this. Strategy is distinct from operations in that strategy addresses the question “What do we do?” & not “How do we do?”
A strategic question might be: “What should we do to differentiate ourselves from the competition?”. Strategic questions operate at a higher level, prioritizing resources among the competing demands to maximize shareholder wealth.
Why an outside consultant?
Clearly, executives at client firms do not abdicate their decision-making responsibility to consultants. Rather, they incorporate the additional input into their decision-making process. Our expert team help getting research backed data for informed decision making.
Some questions are so important that they deserve an extra dose of talent and brainpower to ensure that they’re answered properly. Getting the answer wrong could devastate the company or mean the company misses great opportunities to their competition.
Executives’ days are tied up with meetings, operational crises, personnel issues, customer relations, and dozens of other obligations. A strategy consulting team, however, can devote 60 hours (or more) a week focused on answering a single important question.
Advantage of using strategy consulting firms is that they may have a deep expertise in a given industry or topic area. While a company might open up a manufacturing plants a couple times a decade in various countries, a strategy consulting firm might have worked with dozens of companies who’ve been through that process. Get in touch with us, we are confident you will feel better about getting the job well done.