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The Top 5 Types of Business Strategy Consulting

Now more than ever, business strategy consulting play a vital role in the success or failure of sizeable enterprises. We’ve all seen the effects of the sluggish economy. Businesses are trying to find ways to slash spending and be more cost-efficient, but not all methods are as effective for the long-term success of the enterprise. Charting a new course for a leaner, meaner business model requires discipline, planning, operational efficiency, strategic resource allocation and conservative investments. The right strategies and planning can achieve these objectives in order to ensure a more profitable and long-lasting business model.

The services of a dedicated and experienced consulting firm can be the best investment a business can make in the midst of such economic turmoil. Good consultants will bring time-tested approaches and proven methodologies, as well as cutting-edge technologies and the most up-to-date information, to the table. There are many different types of consulting services that can help achieve a business’ primary goals. These are five of the most vital types of business strategy consulting that could help take your firm to the top – and keep you there.

1. Operations Consultants

This is one of the most basic and necessary types of business consulting, and a great place to start if you’ve never invested in the services of consultants before. Operations consultants can help your enterprise be more flexible, responsive and sensitive to the demands of clients and the market in general.

2. Business Strategy Consultants

Once your operations are in order, then it may be time to consider business strategy consulting. Knowledgeable consultants should be able to help you design a roadmap that addresses immediate needs as well as long-term goals, with plans to integrate new initiatives into the current business model to ensure a successful mix of technology, processes and people. This type of consultancy will assist your enterprise in achieving and preserving profitable growth at a level that keeps you competitive, even if you do not currently have the systems in place to achieve this type of burgeoning success.

3. Investment Consultants

Every enterprise should be concerned with how they spend their money, but not every business leader has the tools and information to invest in the most valuable initiatives for his or her enterprise. Investment consultants can help plan and implement an effective portfolio of investments and initiatives that make the most of a business’ precious capital and ensure profitability and longevity.

4. Sales and Marketing Consultants

Of course, the sales and marketing teams are the bread and butter of any business – without them there would be no customers to provide products and services to, and thus no money to go around. If your sales and marketing department is not quite hitting the mark, an effective consulting firm can assess your current strategies and develop a plan to improve upon them. There are always new opportunities to sell and market your products and/or services if you keep your eyes on the needs of current and potential clients. Your sales and marketing teams need to find and take advantage of these opportunities to ensure growth as well as client retention. Developing the right system and approach can ensure that your people are able to do just that.

5. Technology Consultants

A little bit of good technology strategy consulting can go a long way in the modern business world. Even with the most talented information technology professionals working hard within an organization, there are still many challenges and roadblocks to IT efficiency that may arise, which require expert consulting to move beyond. Pretty much any enterprise in any industry will say they want to be innovative and deliver high-quality products and services, but at the same time, they also want to keep costs down. This is often the biggest challenge facing modern enterprises.And with the desire to keep up with technology trends such as social media, cloud computing, services architecture, management of the application portfolio, information governance, global delivery of services and countless others, it can be difficult to know where to begin. An experienced and dedicated technology strategy consulting firm can lead the way and help the IT department make decisions and implement initiatives that benefit the entire organization.

Bertha Yuen is the Director, Business Strategist Advisory Services for Paragon Solutions. Paragon Solutions is an advisory consulting and systems integration firm specializing in various industries. For more information on Paragon’s business strategy consulting services, contact marketing@consultparagon.com.

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