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A chief strategy officer (CSO) is an executive that usually reports to the CEO and has primary responsibility for strategy formulation and management, including developing the corporate vision and strategy, overseeing strategic planning, and leading strategic initiatives, including M&A, transformation, partnerships, and cost reduction.
A period of significant growth in the early 1980s was driven by demand for strategy and organization consultancies. The wave of growth in the 1990s was driven by both strategy and information technology advice. In the second half of the 1980s, the big accounting firms entered the IT consulting segment.
In some fields, a consultant may be required to hold certain professional licenses (e.g., a civil engineer providing consulting on a bridge project may have to be a professional engineer). [79] In other types of consulting, there may be no specific qualification requirements. A legal consultant may have to be a member of the bar or hold a law ...
Strategic management processes and activities. Strategy is defined as "the determination of the basic long-term goals of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals."
The strategy role exists in a variety of organizations and fields of study. In large corporations, strategic planners or corporate financial planning and analysis (FP&A) personnel are involved in the formulation and implementation of the organization's strategy. The strategy is typically set by business leaders such as the chief ex
Risk and strategic consultancy does not generally involve the operational 'risk assessment' carried out by many companies and consultancies. Risk assessment in this sense covers the identification and management of commercial, operational and technical risks within existing operations or known markets.
A business consultant (from Latin consultare, "to discuss") is a professional who provides professional or expert advice [1] or service in a particular area such as security (electronic or physical), management, accountancy, law, human resources, marketing (and public relations), financial control, engineering, science, digital transformation, exit planning or any of many other specialized fields.
A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants.Consulting firms may have one employee or thousands; they may consult in a broad range of domains, for example, management, engineering, and so on.
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