Question

A key skill of consultants is to be able to perform a strategic analysis. Often this involves
forecasting what the future will bring to a sector or an industry based on specific assumptions
and giving advice on the basis of those scenarios.
Based upon what you know of existing trends in the consultancy industry what forecasts
can you make about the next ten years? If you were leading KPMG’s advisory business:
1 What trends would be central to their strategic planning?
2 What are the key opportunities and threats in the market and amongst competitors?
3 What are the top three business scenarios that you would plan for? What would your
plans be for each?

Answer 1

Strategic designing is regarding positioning your business as effectively as attainable within the marketplace. therefore you would like to form certain that you simply conduct as thorough as attainable AN analysis of each your business and your market. There is a variety of strategic models that you simply will use to assist you structure your analysis here. These models offer a simplified and abstract image of the business atmosphere. SWOT (strengths, weaknesses, opportunities and threats) analysis is maybe the known model and is employed by each smaller and larger businesses within the for-profit and not-for-profit sectors alike. spire (social, technological, economic, environmental, political, legal, ethical) and 5 Forces analysis area unit 2 alternative wide used models.

5 Step method for Developing a Strategic set up

1: Write a Vision Statement. ..

2:Write a Mission Statement. ...

3: Perform a niche Analysis. ...

4: Write sensible Goals. ...

5: Monitor Progress

Opportunities and threats area unit external—things that area unit occurring outside your company, within the larger market. you'll be able to benefit of opportunities and defend against threats, however you cannot modification them. Examples embrace competitors, costs of raw materials, and client looking trends.

Scenario designing will offer a competitive advantage by sanctioning leaders to react quickly and resolutely — as a result of a state of affairs has been thought through and actions documented, nobody has got to scramble once within the interior of a crisis.

Quantitative eventualities area unit monetary models that give the presentation of best- and worst-case versions of the model outputs. These models will be quickly modified by fixing a restricted range of variables/factors. Quantitative eventualities are accustomed develop annual business forecasts. These models assume key variables area unit noted which relationships among them area unit mounted. Operational eventualities area unit one in all the foremost common forms of state of affairs designing a corporation can undertake internally.

Operational eventualities specifically explore the immediate impact of an occasion. The state of affairs then provides short strategic implications.

Normative eventualities describe a most well-liked or accomplishable finish state. These eventualities area unit less objective designing and additional meshed toward statements of goals. These goals don't seem to be essentially regarding AN structure vision, however additional regarding however the corporate would love to control within the future. Normative eventualities area unit typically combined with alternative forms of state of affairs designing as they supply a summation of changes and a targeted list of activities.