It is strategic thinking that separates businesses that don't do well from successful businesses. We offer business advisory services that give businesses more clarity into their financials that helps create an effective business plan.
Have questions regarding Strategic Advisory and how you can ensure the best Strategic Advisory for your business? We have the answers for you.
Strategic advisory involves helping businesses build and implement a streamlined and profitable business plan that is aligned with pre-determined business objectives. The team of strategic advisors will work closely with business owners to understand their goals and put in place a strategy that will help the SMT (Senior Management Team) realise these goals by addressing market challenges and exploring new growth opportunities. The aim behind strategic advisory is boosting business profitability, reducing risks, reputation building and driving business value. The word ‘strategic’ says it all. It is all about making value-added changes across the organisation and its structure to help the business as a whole focus on things that matter, and which will result in sustainable and high ROI.
Think of management consulting as a term that covers consultants providing hands-on advice or guidance to the company’s decision-makers or leadership team to improve business performance. It is like an overarching term that involves a lot of activities. Strategic consulting on the other hand is a very specific term, that involves industry experts offering their take/insights/opinions to the leadership team, that will be used to draw out an actionable strategy. Strategic consultants will address specific business challenges which could encompass areas such as accounting, taxation, regulations, digital transformation and much more. Think of strategic consulting as a subset of management consulting.
Startups need to understand the market to be able to position their product/service in the appropriate target market, gather a truckload of the market and competitive intelligence, and do a whole lot more to ensure that they are able to take the right path towards success. Couple this with finance and accounting management, meeting compliance obligations and handling employee-specific activities such as payroll and more, and they have their work cut out for them. Each and every startup process demands a strategic approach that ensures a process that delivers more value, without incurring a lot of overheads. So, strategy consultants hold immense importance for startups.