Our view of strategy
Strategy practice has moved a long way since the days when a linear, mechanistic approach to strategy represented best practice. Today, we know that best practice varies widely according to how quickly markets are changing, the level of competition in those markets and the strategic intent of the particular incumbent in those markets. This is true for all businesses.
Professional service firms have additional considerations such as high mobility of talent, relatively thin balance sheets, the tension between managing and practicing amongst the firm’s leaders and low switching costs for clients. Read more.
Our approach to supporting a client through the process of developing strategy and translating that into action combines rigorous research and analysis with an inclusive approach to partner engagement, with deep knowledge and understanding of a range of different kinds of professional service firms.
The advice that we deliver can reduce risk and smooth the path of the whole merger process. Key to this is helping identify the best merger partner, establishing the business case, developing the optimum strategy for the joint firm, integrating and aligning systems, structures and cultures following the merger.