As technology continues to grow and evolve, businesses must adapt their use of technology to reach their overarching goals. Many modern companies rely on business strategy consultants to gain a better understanding of their IT departments, streamline processes and IT operations, and resolve obstacles that may be hindering an organization’s growth.
Who Needs a Consultant?
Business strategy consultants help businesses of all sizes, from small nonprofits to larger corporations. Companies in all industries can benefit from hiring a business strategy consultant, especially those discouraged about their organization’s rate of growth. If a business leader feels that their organization is not moving in the right direction, bringing in a neutral perspective can help break down barriers.
One area where many companies go wrong is the following of trends. While trends come and go, an overall strategy that is tailored to an individual organization is what’s truly needed to maintain a competitive advantage. This is especially true when it comes to technology. While it can take time and money to select and implement new technology, the rewards are often worth the effort.
What Is the Role of a Business Consultant?
While business consultants wear many hats, their primary role is to help organizational leaders make decisions in regard to business strategy. Business owners and management make important decisions every day. However, they do not always have the time or resources needed to devote to long-term business growth.
A business strategy consultant can help organizations identify opportunities for growth and develop specific strategies to sustain progress and optimize team performance. IT strategy consulting services can significantly reduce the amount of time a business needs to reach its long-term goals. These services can also help companies better refine their IT processes and systems, while also strengthening the skills of employees.
What ROI Can Businesses Expect from a Strategy Consultant?
Before hiring a business strategy consultant, many companies try to determine an estimated return on investment (ROI). While hiring an independent business strategy consultant is more cost effective than bringing on a full-time employee to take on this role, it is important to look at other factors that can be used to measure the approximate return on this particular investment.
A business strategy consultant can help businesses obtain a positive ROI in a number of ways. When approaching projects, a consultant will attempt to either reduce costs or increase revenues. While not every project will yield an immediate ROI, the general expectation of these services is that, over the course of a relationship, which can extend several years, the business should receive a return of about 5 to 10 times the fees.
Advantages to a Neutral Perspective
Strategic planning within a business is a critical component to growth. To achieve goals and objectives, business leaders must make important decisions that affect their finances, staff and overall operations. It can sometimes be difficult to make these hard decisions, especially for business leaders who may be biased and unable to see the bigger picture.
Having a neutral perspective can be invaluable for organizations that face difficulties in the decision-making process. A fresh, unbiased, outside perspective can provide a business with a creative, “out-of-the-box” point-of-view. This is what some companies need to develop the right solutions to their problems.
An experienced business strategy consultant has the ability to generate new ideas that a business may not have realized previously. Their expertise in strategic business planning and optimal performance gives them an edge that allows them to contribute dynamic new approaches to common challenges. Business strategy consultants are primarily focused on results and can provide a clear view on how to meet milestones and avoid conflict.
Request a Consultation with a Consultant
As technology continues to change and new competitors enter the marketplace, businesses can start to feel the pressure. It can often be advantageous for a third-party to step into the situation and address where problems exist and how to address them. A solid business strategy consultant has the experience and objectivity needed to look at a situation in a different light. They also have the insight required to develop clear and actionable solutions. Businesses can also rest easy knowing that all of their information will be kept confidential.
No industry is immune to deficiencies in business operations and processes. In fact, most companies will struggle with business performance at one time or another. That is why the experienced business strategy consultants at Hartman Executive Advisors serve businesses in a wide variety of industries, including education, healthcare, construction, manufacturing, retail, distribution, real estate and government contracting. Hartman also serves financial institutions and nonprofit organizations. From banks to universities, businesses in all industries can benefit from the expertise and comprehensive services provided by Hartman Executive Advisors. Request a consultation today to learn more about the benefits of hiring a business strategy consultant.