Which tools and frameworks are commonly used in industry-specific advisory projects?
Tools vary depending on the industry, but most advisors rely on a blend of analytical, strategic, and diagnostic frameworks.
Commonly used tools and frameworks:
SWOT & PESTEL Analysis: Customized by sector to identify relevant threats and trends.
Porter’s Five Forces: Adjusted for sector-specific market dynamics.
Benchmarking Platforms: Like IBISWorld or Statista for industry data.
Regulatory Databases: Such as HIPAA guidelines (healthcare) or Basel III (banking).
Process Mapping Tools: To visualize workflows unique to the industry.
Tech Platforms: Like Salesforce (retail), SAP (manufacturing), or Epic (healthcare).
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