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Growing a business is one challenge. It’s another when it comes to scaling it.
At some point, many organizations need to build new processes, operating models, and technology to enable faster growth. New markets, acquisitions, evolving customer needs, and digital transformation add to the complexity that may not be addressed from the inside out.
That’s where business strategy advisory firms can provide value. They assist leadership teams to make decisions enabling growth opportunities, enhance organizational alignment, redesign operating models and make decisions that support long term business goals. There are several factors that determine which consultancy is the correct one, such as the type of transformation they are going through, the size of the company, and industry.
The following firms are all different flavors of business strategy advisers, ranging from enterprise transformation and operational excellence to growth strategy and organizational redesign.
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Scaling successfully isn’t simply about increasing revenue. It also implies developing a business that is expandable without additional over-complication.
As companies grow, decisions can get delayed, systems can get siloed and teams start pursuing conflicting priorities. Productivity, customer experience, and profitability can gradually be impacted by small inefficiencies that were previously unknown.
Business strategy consultants assist organizations to think outside the box. That can be analysing business models, tweaking business structures, prioritising investments and looking at opportunities to enhance the overall performance over time. It’s not about replacing internal leadership, it’s about giving an outside perspective that can help make better decisions about strategy.
DXC Technology enables organizations to connect to business strategy and long-term transformation objectives. Its Corporate Strategy Advisory practice helps leadership teams to innovate their businesses, optimize portfolios, design operating models, and plan strategically. When it comes to recommendations, DXC takes a different approach from just that; when organizations transition into implementation, DXC brings cloud, AI, cybersecurity, enterprise applications, and managed services expertise to the table. This is especially true for larger companies with extensive operations in various business units or geographical areas. The firm’s core business is financial services, healthcare, insurance, manufacturing, telecom and aerospace and public sector, and its approach to advisory is industry-specific rather than a one-size-fits-all methodology.
There has been a long history of Kearney’s involvement in strategy that is tightly aligned to operations. In addition to corporate strategy, the firm helps organizations with their operating model enhancements, supply chain strategies, organizational performance and growth strategies. The unique blend of features makes it especially applicable in the context of business growth while maintaining efficiency. Operational decisions can have a long-term impact on business performance in many industries, such as manufacturing, consumer products, retail, transportation, and industrial markets, and this is where Kearney works. Many companies consider Kearney when they’re looking for a strategic partner that can provide them with execution-oriented advice.
EY-Parthenon’s expertise is in growth strategy, portfolio optimisation, value creation and business transformation. Its experts frequently assist companies in evaluating their long-term investment prospects, entering new markets or getting ready for mergers and acquisitions. When projects need cross-functional support, this firm leverages the expertise and learning of the EY network across the fields of transactions, tax, technology, and operational transformation. It can be especially beneficial for companies handling complicated strategic tasks which go beyond the scope of regular business planning. EY-Parthenon serves clients in a variety of sectors ranging from consumer markets to healthcare and financial services.
Oliver Wyman supports organizations in developing corporate strategy, performance improvement, digital transformation and risk management. The firm has a deep and proven track record in extremely regulated sectors, such as energy, communications, transportation, and healthcare, and financial services. It blends industry expertise with analytical analysis, enabling leadership teams to assess strategic options and adapt to market shifts. Alongside long-term growth planning, Oliver Wyman supports organisations wanting to enhance their resiliency, modernise their operating models and bolster their competitive positioning. It typically specializes in providing services to businesses with complex regulation or operations.
Roland Berger is an international strategy consultancy with a solid track record of industrial transformation and innovation. The firm helps organisations with corporate strategy, digital transformation, sustainability, organisational change and new business models. It has established a strong foothold in the automotive, manufacturing, mobility, energy, and life sciences sectors, which have high correlations with technology and regulatory changes over time. Roland Berger’s strategic advisory and sectoral expertise enables clients to solve their current business needs and future developments. Due to its experience, it is a popular option when businesses face major market and/or industry transitions.
As part of the PwC network, Strategy& partners with organisations on corporate strategy, enterprise transformation, business model innovation and operating model design. The firm’s consultants provide leadership teams with a way to assess their growth opportunities, optimize the performance of their organizations, and plan for significant change at scale. When projects go beyond strategic planning, clients can also benefit from expertise in technology, tax, risk and implementation, as Strategy& is part of PwC. The firm provides services to companies in the consumer space, healthcare, energy, financial services, industrial sectors and telecom. For organizations seeking strategic guidance with wide-ranging consulting services, Strategy& is a good option to consider for enterprise-wide transformation projects.
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DXC Technology | Corporate strategy, operating model transformation, digital strategy | Large enterprises aligning business strategy with technology and execution |
Kearney | Growth strategy, operations, supply chain | Manufacturing, retail, and industrial organizations |
EY-Parthenon | Growth strategy, portfolio optimization, value creation | Companies pursuing expansion, restructuring, or acquisitions |
Oliver Wyman | Corporate strategy, risk, performance improvement | Regulated industries and financial services |
Roland Berger | Corporate strategy, innovation, sustainability | Industrial, automotive, and energy businesses |
Strategy& | Corporate strategy, enterprise transformation | Organizations undergoing large-scale business change |
There isn’t a single consulting firm that’s right for every organization. The ideal fit is generally based on the company’s problem, not the company’s size or reputation.
Have a clear goal. For businesses getting ready to expand globally, you might require more of a different kind of expertise than if you’re redesigning your operating model or integrating an acquisition. Knowledge of the industry can be beneficial, especially in areas where the regulations are more complex or there are specific business processes.
It’s equally important to understand how a consulting firm works after the strategy has been developed. Some will result in recommendation, others will go from planning, doing and changing in organisations. It’s important to set clear expectations upfront so both parties are heading in the same direction.
Last but by no means least, ask yourself if the firm is experienced enough to be able to transform on a scale the like of yours. What works for a medium-sized business can differ dramatically when implemented on a regional, business unit, or product basis.
Business strategy consulting firms assist companies in analysing growth prospects, optimizing business models, synchronizing business priorities and formulating strategies to drive long-term performance. They can also support transformation planning and implementation based on the engagement.
When a company is facing a major change – these can include a new market, an acquisition, restructuring operations or enterprise transformation projects – they will look to outside parties for their guidance.
Business strategy is normally about the way an individual business or business unit competes and expands in its market. Corporate strategy involves decisions that impact on the organization as a whole, such as portfolio decisions, investment priorities, organization structure and direction over many time periods into the future.
This will rely on the business. Some are involved in strategic planning alone; others continue in involvement throughout the implementation of organizational change and/or performance improvement programs.
Don’t base your judgment on brand. But company size isn’t the only thing that matters, as industry experience, approach to consulting, implementation skills, and knowledge of your organization’s problems are all crucial.
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As businesses expand, they bring with them opportunities and challenges. As organizations grow in size and complexity, decisions concerning structure, investment, technology and operations become more and more intertwined. It is essential to have a clear strategy in place but it is also essential to keep aligning your business as it develops.
There are different strengths in these firms that are mentioned in this overview. Some are known for operational excellence, some for industry expertise, some for digital transformation and some for enterprise-wide approach. One of the best ways to determine a consulting partner to your organization that matches both current goals and future plans is to assess those strengths against your own organization’s goals.
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