Organisational talent across all sectors and industries is extremely diverse - this variance is apparent when assessing the effectiveness of external consultants. Highly technical occupations, such as technology professions and scientific roles, are often deemed more credible as they require years of training and a great deal of time putting theory into practice.
The accumulation of experience and informational yield is important in whatever field or level of knowledge being sought after. Mahmoud Mohieldin, who served as the World Bank Group's Senior Vice President for the 2030 Development Agenda, previously stated that $600 million per annum was being invested in knowledge services such as primary data collection, research, and technical assistance on topics ranging from government reforms, health and communications to infrastructure. The total spend on all knowledge services amounted to approximately $4 billion per year.
Management consultants, from traditional consulting firms or expert networks, should have comprehensive experience, techniques and a large validated knowledge base in relation to identifying and solving business problems. Through the myriad of consulting assignments they have been tasked to work on, there should be an innate awareness of what works and what does not work in a given scenario.
Therefore, consultants and industry specialists who have accumulated knowledge from repeat assignments in just a single industry or a few industries often elevate results. In addition, expertise oriented in leading strategy implementation remains prevalent today. Harvard's 'State of Leadership Development' report, surveying HBR council members, corporate L&D and business line leaders, showed that there was a shifting view of leadership development focusing more on collaboration, employee engagement and transparency.
However, the top three performance indicators for transformative results were driving strategy at 63%, delivering financial results at 58%, and managing operations well at 44%.
Repeatable business models which produce high-value results, especially those that can be applied to related industries, can be difficult to find. Once unlocked though, differentiation against the competition can be strengthened which in turn can lead to greater scalability and sustained profitability.
Pangea SI's client and expert community discussions support the view that gaining access to operational models which have proven successful in the same industry or similar markets is invaluable. Knowing relevant repeatable strategies also provides clients with a means to ask new questions, conduct different analyses, map out different scenarios and reinvent differentiation that perhaps would not have been considered if they did not have the preceding industry knowledge.
The accurate and timely implementation of proposed recommendations is going to affect your level of success, thus having a client-expert relationship where all parties share a common understanding and use the same business language helps vastly. This type of industry know-how is an alternative type of knowledge that is salient when developing client-orientated solutions.
Market-embedded experts can share applied and effective strategies from their first-hand experience. Focusing on a particular industry or market challenge allows for a greater understanding of the possible solutions and which ones will be the most viable.
In the past 12 months, five of our clients informed us that our service was the key factor in giving them the confidence to go ahead with their investment decisions - investments ranging from £10 million to £100 million.
We can see the value in Pangea SI’s Energy, Natural Resources and Infrastructure focus and have been impressed by both the speed of delivery and the quality of the profiles.”
Our Energy, Natural Resources, Chemicals and Infrastructure industry specialism is a crucial advantage of ours when compared to industry agnostic information providers.
Pangea SI Experts are subject matter specialists in their fields such as Hydrogen, AI & Digitalisation, EVs & Infrastructure, Decarbonising Offshore, Algo Trading and Energy Storage to name a few.
The members on our network of experts have worked on global and local business strategy initiatives and operational projects - performing key technical, strategic and commercial roles.
Head of Strategy and New Ventures
Digital Transformation Program Lead
Natural Resources Business Development Director
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Pangea SI's on-demand consulting platform has transformed the results of businesses worldwide.