LEADERSHIP & STRATEGY
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in straightforward language , which can at times challenge our clients to think and act differently .”
Considering the current state of the industry , Haddad reports multiple emerging trends when it comes to strategy consulting , such as the rise of remote collaboration . “ Strategy consultants usually travel to be on site with their clients . The global freeze in travel as a result of COVID-19 has meant that we have needed to adapt to be able to work as one team , if we are in different locations . We have been surprised at the degree to which we have managed to achieve this and some of the best practices of remote collaboration could continue even once travel normalises again .” In addition Haddad has seen an increase in demand from government entities and the digitalisation of offerings as more and more businesses move to online services . “ Strategy consultants have traditionally collaborated with private sector companies . However recently several government entities , especially State Owned Enterprises ( SOEs ) have seen the value in applying private sector philosophies into their operating model , leading to more collaboration with strategy consultants . In addition , with businesses moving to online services and interactions , strategy consultants have had to keep up with this trend and load up on digital capabilities to better serve their clients .”
When it comes to developing a business strategy , Haddad explains that it needs to have three components in order to be effective which include
OCTOBER 2020