Strategy Consulting is referred to as strategic advisory or boardroom consulting. It is seen by the majority of consultants as the most high-end and prestigious segment within the professional services industry.
This is the type of management consulting, that generally implies advising at the highest level of a company. However, strategy consultants work across all industries with private and public sector bodies on a wide range of problems.
Organizations need consultants on important decisions that are vital to the future of the company, to ensure that all angle is considered.
What is the strategy? It is simply a plan with the aim of realizing a goal. Companies often engage with strategy consultants to support them in developing and implementing business plans.
Moreover, the strategy consulting domain centres on supporting private sector clients with the development of corporate, functional, or organizational strategies and helping public sector companies and institutions with economic policy.
Strategy Consulting Services
Their services are as follows
- Functional strategy
- Cooperate strategy
- Economic policy
- Merger & Acquisitions
- Organizational strategy
- Strategy & operations in digital strategy.
- Business model transformer
Economic Policy service- this service has to do with a range of economic advisory services that support governments and international institutions with policy setting.
Organizational services- this service looks into the levers an organization needs to influence in order to deliver the plan of the enterprise.
Corporate S- it is also known as strategic management, which has to do with the formulation of enterprise-wide and business unit strategies and goals.
Business model transformation service- this type of service focuses on the design and development of future-proof plans, with the major difference being that it spans fundamental changes in how business is conducted.
Thus, it is often triggered by major changes in the external environment.
Strategy Consulting Firms
There are thousands of consulting firms that offer strategy consulting services. But few of the firms have a global reach and reputation. Below is the top 10 list of SC firms.
- Boston consulting group (BCG)
- AT Kearney
- Bain & Company
- Roland Berger
- Monitor Deloitte
- LEK consulting
- Oliver Wyman
- McKinsey & Company
The above are top SC firms
Strategy Consulting Jobs
If you want to go into a strategy consulting career, you have to know that each S consultancy differs. There are major skills you need in an SC career, they include, you need analytical skills, people skills, flexibility, and time management.
To find SC jobs you can visit the website of any of the firms or companies listed above to apply for a job.
Strategy Consulting Courses
Do you want to study SC? The course shows you ways to tackle competitive and corporate strategy engagement in any field. The courses are outlined below
- Competitive SC model
- Strategy research
- Competitor research & analysis
- Mapping the strategic environment
- Strategy selection and implementation
- Core Principles of corporate strategy
- The Future of corporate strategy
- Strategy in public/voluntary organization
- Quality assurance of the strategy process
- The future-proof organization
- Taking learning back to the workplace
- Strategic governance & clientship
These are courses offered by advanced management skills. Click on this link to visit their website https://amskills.com/consulting-courses/strategy-consultant-course/
Why do Companies Hire Strategy Consultants?
What Type of Work is Strategy Consulting?
What does a Strategy Consultant do?
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