What is strategy consulting and when does it justify the cost?
What is strategy consulting and when does it justify the cost?
Strategy consulting is the work of selecting a direction under uncertainty with a defensible analysis behind the choice. Advisory produces frameworks and recommendations. Consulting decides and implements. The investment justifies itself when the cost of choosing wrong, or not choosing at all, is materially higher than the engagement fee. Most mid-market CEOs underestimate that cost by a factor of three.
Kamyar Shah, Fractional COO and Strategy Consultant, World Consulting Group.