A strategic consultant is a professional who advises and assists clients in reaching their goals by putting together and implementing an overall strategy. A good strategist is able to identify and analyze the strengths, weaknesses, opportunities, and threats involved in a given situation. Once they have assessed the situation strategically, they are able to recommend courses of action that will enable their client to reach its desired goal.
Strategic consultants often work with clients in areas such as business, marketing strategies, production, and customer service. Financial Analysts in this field are well versed in information technology and law. They also have strong interpersonal, analytical and communication skills. Many consultants choose to become certified by their professional associations. Professional organizations for strategic consultants include the American Society for Consultant and Business Strategy, the Australian Institute of Management, the Association of Strategic Business Advisors, Inc., the International Business Development Council and the Institute of Management Consultants USA etc.
Strategic consultants are often hired by large firms to define objectives, design strategies for achieving those objectives, develop tactics to implement those strategies and evaluate their success. They are also hired by smaller firms looking to expand into new markets or make other changes that require innovative thinking. Their services are often retained by government agencies who want to streamline their operations or improve their image with the public.
Strategic consulting can be done as a self-employed business, as an employee of a larger firm, as a member of a small team within a larger organization or as a Freelance Consultant, the likes of which are abundant in Fintalent. In the 1980s and 1990s many governments hired strategic consultants to assist in developing conclusions and recommendations regarding policy issues that had been identified by the government. During this time there was great pressure to cut public expenditures and it became increasingly difficult for governments to justify spending money on public programs that did not have clear objectives or which could not be justified from an efficiency standpoint.
While some firms prefer to have an in-house team develop their strategic plans, there are many benefits to hiring a Freelance strategic consultant on Fintalent. It benefits clients because the process puts their needs first and provides them with a better way to view their problems and organized them into priorities and solutions. Strategic consultants benefits organizations because they can see their problems from a strategic, holistic approach necessary to make a difference. The process also ensures that the organization has a clear plan of action and an understanding of how it will be accomplished, which is beneficial in the past when organizations have been “run” by managers and executives instead of strategists. They also help businesses know what current objectives they need to maintain and look at other opportunities for growth. Lastly, strategic consultants provide leadership to their companies, which can help them win new business or retain existing business.
Strategic consultants also take the burden off of those within the organization from having to make decisions. Instead, they can concentrate on other things that are more important, such as improving the team’s skill level and helping them understand their problems so they can find solutions. Also, contracting with a Freelance consultant on Fintalent can be a potential cost saving measure for a government agency, but there are considerations that must be given due consideration before agreeing to a contract. The first consideration is whether or not the consultant’s services can be performed by the agency’s employees at a cost that is lower than the value of their services. If this is an option, it is important to understand what the consultant will do and how they will do it.