When should an organization seek industry-specific advisory over general management consulting?

When should an organization seek industry-specific advisory over general management consulting?

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While both have their uses, industry-specific advisory should be the preferred choice in contexts requiring domain depth, regulatory expertise, and specialized benchmarking.

Best Use Cases for Industry Advisory:

  • 1. Sector Compliance Needs:

    • If the engagement involves audits, certifications, or government regulations.

    • E.g., food safety standards in FMCG.

  • 2. Product or Service Design:

    • When building offerings tailored to industry trends and customer behavior.

  • 3. Market Entry Strategy:

    • Entering a new geography or niche segment demands local, sector-specific knowledge.

  • 4. Operational Troubleshooting:

    • Root cause analysis in sectors like aviation or logistics requires a deep understanding of interdependencies.

  • 5. Transformation or M&A:

    • When merging or restructuring, knowing industry valuations, customer sensitivities, and process integrations is key.

In contrast, general consultants offer broad frameworks but lack the precision required in such scenarios.