When should a company seek industry-specific advisory over general management consulting?
Specialized advisory becomes essential under certain conditions:
Regulatory Sensitivity: In sectors like pharmaceuticals or aviation where compliance is critical.
Niche Challenges: When facing problems unique to an industry, such as yield forecasting in agriculture.
Technological Shifts: When adopting sector-specific tools (e.g., EHR in healthcare, core banking systems in finance).
Mergers & Acquisitions: Due diligence in highly specialized industries requires expert insight.
Operational Turnarounds: For sector-specific cost control, sourcing, or production issues.
General consultants provide frameworks; industry specialists bring insider knowledge to apply them effectively.
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