Disruptive Innovation of The Advisory Services Industry: Leveling The Playing Field for Low-To-Mid Market Companies
The traditional management consulting engagement for operations transformation, transaction services, and go-to-market strategy has traditionally come with a multi-person team (partner, manager, associates, etc.), and an astronomical price tag.
Companies are finding that the return on their investment is rarely achieved when they are left with PowerPoint decks and complex models that are unable to be used by the employees. Additionally, low-to-mid market firms that could benefit from these types of services rarely do because of the capital required.
With the ability to source the best industry experts from any part of the world at any time, and since the technology of integrated tools has become so affordable and available, a single SME resource can partner with the company's team and help deliver aligned results at 1/3rd the cost.
Companies are now enabled to break the traditional mold of these engagements, and research the following key questions:
1) Can I source the same expertise from SMEs already trained by the top-tier global firms for a dramatically reduced rate?
2) Can I hire an expert to automate a routine task(s) to eliminate headcount, or reduce headcount?
3) Can I utilize experts now for our company's strategic initiatives due to reduced capital requirements?
4) Can I leverage a contract resource to help alleviate the (recurring and non-recurring) additional workload for my key employees to retain them?
We will discuss these questions in-depth, and show companies and private investors how this new trend is reshaping the industry.