A What is the proper use of consultants in the strategy maki

A) What is the proper use of consultants in the strategy making process?

B) View Gary Hamel’s lecture on the future of management; available on youtube (the link is: https://www.youtube.com/watch?v=YYaYwCA-FaM ). What is the implications of his views, if we assume that they are correct, on strategic management?

Solution

Answer A: The consultants can bring the latest insights and specialized knowledge while strategy making process to fill the business gaps which may exists internally in an organization, by utilizing the process tools support for a business. As the consultants come with diverse backgrounds hence can provide additional perspectives. They can be used to diagnose the actual causes of problems in the strategic process and detail the real issue. The consultants can provide a strategic framework for better and effective decision making by senior management. These consultants keep the focus for an organization to describe mission and determine their strengths, competences, and weaknesses to fulfill future goals.

Answer B: As per Hamel’s view, applying business environment changes and using new technologies will help an organization to emerge. This should be proficient in continuous innovation as well as transformation through controlled implementation of the organizational strategy for competitive advantage. This strategic step will introduce various leadership styles for decision making, by keeping self-organization structure.