How Does an Industry-Specific Advisory Engagement Typically Work from Start to Finish?

A successful advisory engagement follows a multi-phase lifecycle—customized based on the business and industry.

Phases of engagement:

• Initial Discovery:

  • Understand the company’s background, goals, and challenges.

  • Review internal documents, workflows, and stakeholder interviews.

• Industry Research & Benchmarking:

  • Analyze macro and micro trends within the industry.

  • Compare client metrics to key competitors or top performers in the same space.

• Diagnostic Assessment:

  • Conduct a gap analysis, identify inefficiencies, risks, or growth constraints.

  • Use frameworks like PESTLE, Porter’s Five Forces, or industry-specific KPIs.

• Solution Design:

  • Propose strategic, tactical, and operational improvements tailored to the industry.

  • Recommend tech tools, restructuring, new workflows, or expansion opportunities.

• Implementation & Monitoring:

  • Assist with roadmap execution—this may include training, onboarding new software, or SOP creation.

  • Establish KPIs to track progress and adjust strategies over time.

This approach ensures that the advisory is not only strategic but also actionable and measurable.

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