#10 The New Face of Strategy Consulting

Another intriguing discussion revolves around competition in the industry. The fact that large accounting firms are moving into strategy consulting raises questions about how the landscape is changing and how consulting firms are responding to this challenge. It also covers the role of specialized consulting practices and the impact of digital transformation.

3. Innovation through technology

The hosts also highlight exciting developments in the industry, such as combining software and consulting expertise to optimize business processes. Companies like Celonis serve as an example of this shift and show how technology is redefining strategy consulting.

4. Competition for talent

Another important topic is the competition for talent in the consulting industry. The growing demand for diverse skills, especially in technology-related areas, takes center stage. The importance of sustainability and social purpose in consulting is also addressed.

5. The future of consulting

The episode closes with a look at the future of consulting. The hosts emphasize the role of scenario analysis, automation, and enabling clients to steer their own strategies. The focus is on delivering value instead of selling hours, and on empowering organizations to take ownership of their strategy.

This episode offers valuable insights into the changing landscape of strategy consulting and how the industry is adapting to new needs and challenges. A must-listen for anyone interested in the future of strategy consulting.

Listen to this compelling episode of "Hope Is Not a Strategy" and keep your finger on the pulse of the changing world of strategy consulting.

SHOW NOTES

Digital Strategy Tool:

Digital Strategy Tool: StrategyFrame 2.0

Certification programs for strategy makers at WHU Otto Beisheim School of ManagementChristian Underwood Prof. Jürgen WeigandBook "Hope Is Not a Strategy" Podcast "Hope Is Not a Strategy"