Strategic Consultancies Mitigate Corporate Investment Risk
Geopolitical ties don’t always dictate international trading relationships. Indonesia engages in trade with the United States, China and Japan, regardless of their differing geopolitical relationships, for example. However, investment risk is now increasingly more influenced by new geopolitical alignments, which can have significant impact on Indonesian and foreign companies operating here.
Indonesia, as a major player in Southeast Asia, has strong economic ties with both the West and the East, which means that any shifts in geopolitical alliances could have far-reaching consequences. This poses a significant threat to major companies in this country that lack a geopolitical strategy. Given the current business environment and the rise of China’s and India’s economic power, companies should refocus and outsource a strategic consultancy to better understand the changing corporate, regional, and global landscape.
Strategic consulting is a type of management consulting that involves providing advice and guidance on how to identify and address strategic challenges such as growth opportunities, organizational restructuring and market entry. Strategic consultants work with businesses, governments, and non-profit organizations to improve their overall performance and achieve their long-term goals.
“Strategic consultancies such as MRI bring a wealth of expertise and experience to the table,” says Mr. Iman Setiadi, head of corporate consulting at Moores Rowland Indonesia. We work with different companies across industries and regions, and provide valuable, objective insights and perspectives.
“With a strategic consultancy, companies can identify and prioritize key areas for improvement, and develop actionable strategies to address them. We help companies save time and resources by avoiding trial and error and focusing on the most effective solutions.”
The role of a strategic consultancy typically involves analyzing a company's current operations, identifying areas for improvement, and developing recommendations for strategic change. This may include conducting market research, analyzing financial data, and working closely with key stakeholders within the organization to gain a deep understanding of the company's operations, supply chain, culture and goals.
Strategic consulting may also involve working with organizations to develop new business models, identify potential growth opportunities, and create plans to execute on those opportunities. This can include everything from developing new products or services to expanding into new markets or geographies.
By understanding the newly emerging corporate, regional, and global panorama, companies can identify potential risks and challenges that may impact their operations. Strategic consultants help companies develop risk management strategies and contingency plans to mitigate these risks and ensure business continuity.
Outsourcing a strategic consultancy can be a cost-effective way to gain access to expertise and resources that may not be available in-house. A strategic consultancy allows companies to avoid the costs of hiring and training new employees and provides flexibility in terms of the duration and scope of the engagement.
The corporate landscape is constantly evolving as new technologies, market trends, and competitors emerge. By keeping up with these changes through a strategic consultancy, companies can adapt their business models and stay ahead of the competition. A strategic consultancy can also identify new opportunities for growth and innovation, as well as anticipate potential threats and challenges.
To succeed, companies must have an understanding of their place in today's interconnected and rapidly changing world. Globalization has led to increased, diverse competition and changing market conditions in different regions. Companies must be informed of the unique cultural, economic, and political factors that impact their operations in their own countries and around the world. By staying informed through a strategic consultancy, companies can make better decisions about where to invest, how to allocate resources, and how to compete effectively in the domestic and global marketplace. This helps them stay relevant and successful in the long run.
“MRI’s strategic consulting is focused on helping corporations make more informed decisions and achieve their short/mid/long-term goals by providing expert guidance and advice on strategy, operations, and organizational matters,” says Iman.
“A strategic consultancy such as MRI provides companies with valuable expertise, objectivity, cost-effectiveness, efficiency, and risk management in understanding the changing corporate, regional, and global terrain.”
**By William Woodruff