Business Chief US+CAN Magazine October 2020 | Page 26

LEADERSHIP

Business Chief North America gains insight from McKinsey and TCS on strategic consulting best practices and benefits , as well as the impact of COVID-19

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Tasked with partnering with organisations around the world to transform how they operate , integrate technology and build long term capabilities , Kweilin Ellingrud , Senior Partner at McKinsey explains that “ strategy consultants help answer strategy questions such as : ‘ What should our 3 to 5 year strategy be ?’ or ‘ How should we launch in this new market ?’ The benefits of having a strategy consultant are that consultants can push your thinking , bring innovative ideas and a landscape survey of industries . Businesses typically use strategy consultants ( or management consultants ) when they are thinking about their long-term strategy , a new market entry , or when they are tackling a new area , such as how to use digital and analytics to grow their business .”

Agreeing with Ellingrud , Dave Jordan , Global Head of Consulting and Services Integration at TCS , comments that “ one of the major benefits of employing the services of a strategy consultant is their ability to remain objective and impartial
OCTOBER 2020