Monday, January 14, 2019
Business Strategy vs. Implementation
For help with business strategy, it is better to use a solo or boutique firm, such as Puri Consulting.
When you engage a single, highly skilled and experienced consultant, you can develop a focused plan around a few, key changes that let you leverage great results, without disruption to your existing business. You can get a 10:1 return in terms of resources spent vs. results.
With large consulting firms, they have an army of young consultants that they have to put to work. These consultants, who don't have many years of experience in the business world, are taught to implement the firm's pet "best practice" model. They then descend on your business and create 40 page Power Points on how to convert your business over to their preferred model. The result is an ambitious plan that, during implementation, results in disruptions to normal business and large re-learning curve for employees. The return may only net 1.2:1.
The best results are gained from using the small consulting firm to create the strategy, and then use the large consulting firm to handle the implementation.