All About The Strategy Consulting

By John Miller

The work strategy consulting concerns a kind of service which is provided by management consultants. These breed of consultants are experts at various planning schemes and are known to change the fortune of the company. A strategy means a specific plan that is necessary to achieve a specific goal. This is a small informative on strategy consulting.

In the 1960s this was first started at Harvard Business School. The companies, McKinsey, Boos & company, with Boston Consulting Group, had collaboration with the professors of the Harvard and developed this field. The first ever company to offer strategic consulting is the Monitor Group. This was started in the year 1983 by six professors of the HBS (Harvard Business School).

The field developed at a breath neck speed in America but remained a slowly developing field in the Europe and Asia. This is because the American infrastructure allows outsiders to look into the company and lend a hand to develop and give some strategies to the company whereas this is considered lack of skill of the management in Asia and Europe. The hiring of outsiders to deal with the company is like inefficiency for the Asian and the European companies. And this is the reason the field didn't develop in Asian and European countries.

When any one or any firm is looking for strategy consultants, have a well-defined expectations, deadlines, etc to make things crystal clear. See the history and quality of the company and make sure they have minimum five references. The references should be in the context of the same work that you need.

The most important factor is that the person must belong to same industry and must have enough calibre. This can be tested by taking an interview of the candidate. This is very essential as the company will be pinning all hopes on this consultant for their plans and one wrong step means a lot. Look at the resume of the person and have a discussion before making a decision.

He must be able to understand things and also have the sharpness to do strategy planning. Many of the consultants that don't have it in them to do this kind of job use very cunning words, and have a special jargon. They are experts in word jugglery and you must be able to catch such persons and shouldn't employ them. The able consultant must be able to understand his job.

Any company must excel in consultant management. This is a means by which a company will know what the consultant has been working on and they can handle them properly. A consultant must meet the officials every week and brief them on the status. The company must also look in to the productivity of the consultant and must remove him if any job isn't done properly.

The field of strategy consulting is a very demanding profession now-a-days. This is due to the competition between various companies. So if you feel you have it in you to make it as a strategy consultant, learn the official course and then join a company a weave your magic. This means a lot to the company so be careful with your decisions. - 29879

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