What is Strategy Consulting?
Strategy consulting is when businesspeople — generally executives, boards, or management — bring in a third party to offer an outside, expert perspective on their business challenges. Strategy consultants usually have considerable industry knowledge and are expected to assess high-level business issues objectively. They take a holistic look at specific problems companies are dealing with and give advice on how they should approach them.
The market for strategy consulting services consists of eight disciplines:

• Corporate Strategy,
• Business Model
• Transformation,
• Economic Policy,
• Mergers & Acquisitions,
• Organizational Strategy,
• Functional Strategy,
• Strategy & Operations
• Digital Strategy.

Strategy Consulting vs. Management Consulting
Strategy consulting is a type of management consulting, with strategic consulting focusing more on specific goals and management consulting focusing on overall company performance.
“Many people use the terms interchangeably. But strategy consulting is a subset of management consulting focused specifically on helping a company go from A to B on a particular issue, rather than looking holistically at the business as a whole.
When hiring strategy consultants, businesses are looking for large-scale directional changes that are often highly revenue-focused. The shifts usually begin upstream with the CEO and provide a defining direction for the future. Questions associated with strategic consulting include:

• What do we have to do?
• Why do we have to do it?

With management consulting, the work is more about internal strategy. Management consulting often focuses on implementation, and many changes happen downstream in the organization. Relevant questions include:

• How and when should we do it?
• Who is going to do it?

For instance, a company facing several issues across the organization may seek out management consulting services to help it identify and rectify problems the company is facing overall. At Infinity , we would address specific management issues by coming up with targeted strategies.