Stemming from management consulting is the prominent and prestigious practice known as strategy consulting. Also known as strategic advisory or strategy consultancy, strategy consulting is employed by clients who are in need of assistance in terms of vital decision making for their companies.
- It deals with top-level management. Strategy consultants are called in by organizations to work hand in hand with CEOs, board of directors, and senior managers, to name a few. Aside from being hired for your unbiased outsider’s perspective, if you are a strategic consultant, you help the company survive an ongoing crucial issue while these senior leaders handle day-to-day operations and concerns.
- It combines impeccable expertise and meticulous analysis. As a form of management consulting that deals with pressing and vital issues that directly impact an organization’s future, strategic consulting requires that you possess deeper industry knowledge plus great analytical skills. You will have to provide a solution and an answer to the question “what do we do” so you can fulfill your client’s organizational and business needs.
- It is broad and diverse in scope. Working as a strategic consultant entails work that spans various industries and sectors. For example, you may provide strategic consulting services in response to different issues to those in the healthcare industry, airlines, technology, and many others. When it comes to sectors, your work as a strategic consultant spans both the private and public domains. Private sector concerns that strategic consultants usually help with are those that concern profitability and outranking competitors. Work in the public sector as a strategic consultant includes helping organizations efficiently and effectively attain their goals, such as economic policies.