Did you say strategy consulting?
Strategy consulting consists of the intervention of one or more consultants to define the medium and long term objectives of the company, sometimes questioning the existing business model. It sets a new course.
What are the characteristics of a strategy consulting assignment?
Strategy consulting is generally aimed at executive management and corporate officers.
Like any consulting activity, strategy consulting involves analyzing the existing situation and then delivering a report accompanied by an action plan or recommendations. Unlike interim management, it does not implement the plan operationally.
As a result, assignments are relatively short. The difference between management consulting and strategy consulting mainly lies in the duration: management consulting assignments typically last 3 to 6 months, while strategy consulting assignments usually range from 6 to 9 months. Strategy consulting also operates at a higher executive level, as it is primarily intended for top management.
These assignments most often address areas where the company lacks expertise, for example, challenging a business model, driving digital transformation, or defining an industrial strategy.
Who is strategy consulting aimed at?
Strategy consulting is aimed at all types of companies, from SMEs to large corporations. Strategy consulting firms may be either generalist or specialized by industry or business function. For example, there are firms specialized in marketing strategy consulting, as well as firms focused on services, hospitality, and tourism strategy, such as MKG Consulting.
On the consultant side, strategy firms attract top graduates from engineering and business schools. Thanks to high compensation and fast career progression, these positions are highly sought after. Strategy consulting assignments provide exposure to complex and varied challenges across different industries and client environments. Academic background is important, but so are motivation, strong analytical and synthesis skills, and the willingness to work intensively.