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What is Strategy Consulting?

Strategy consulting is one of the most competitive and lucrative destinations for bright graduates, but it is also often misunderstood. Luckily, we've compiled a guide to help you understand the ins and outs of this prestigious sector.

Strategy consulting services

The market for strategy consulting services consists of eight disciplines: Corporate Strategy, Business Model Transformation, Economic Policy, Mergers & Acquisitions, Organisational Strategy, Functional Strategy, Strategy & Operations, and Digital Strategy.

Corporate strategy, also referred to as strategic management, involves the formulation of enterprise-wide and business unit strategies and goals. Strategy consultants are regularly brought in to support, among others, the design of vision and mission statements, the development of strategic plans, and the setup of implementation roadmaps (which outline activities and resources required to implement the plans). Common examples of strategic advisory projects include the assessment of strategic options, support of business planning processes, and the development of growth agenda’s such as market entry strategies (when companies want to enter new regions or launch new products).