- Pamela Barnhill
Advantages of Working with an Expert Strategic Advisor
Working with a strategic advisor can provide invaluable benefits to companies, including objective perspective, industry expertise, access to networks, accountability, and mentorship. Indeed, many successful CEOs have worked with strategic advisors to develop their businesses and achieve their goals faster and more effectively. In this article we will explore the various advantages of working with an expert strategic advisor as well as look at some examples of CEO's who have benefited from doing so.
Objective perspective: A strategic advisor can provide an outside perspective that is not influenced by internal biases or groupthink, allowing for more objective decision-making.
Industry expertise: A strategic advisor can bring deep industry knowledge and experience, providing insights into trends, best practices, and emerging opportunities.
Access to networks: A strategic advisor can provide access to valuable networks and resources, including potential partners, investors, and customers.
Accountability: A strategic advisor can help to hold the company accountable for executing its strategic plan and achieving its goals.
Mentorship: A strategic advisor can provide mentorship, coaching, and guidance to the CEO and other team leaders, helping them to develop their skills and achieve their potential.
Efficiency and Speed: According to an article in Forbes, working with a strategic advisor can help companies achieve their goals faster and more effectively by providing "a roadmap, an expert guide, and the inspiration to push you further than you would go alone" (Friedman, 2019).
Renowned business leaders have turned to strategic advisors for invaluable guidance. Strategic advisors bring a wealth of knowledge and experience in various industries, helping CEOs make informed decisions that will benefit their organization in the long run.
Jeff Bezos, founder, and former CEO of Amazon, worked with Ram Charan, a renowned business consultant and author, who helped him to develop Amazon's long-term strategy and grow the company into a global powerhouse (Charan, 2018).
Tim Cook, CEO of Apple, has worked with James Cash, a former Harvard Business School professor and expert in strategy and innovation, who has provided guidance on Apple's approach to innovation and product development (Eadicicco, 2018).
Satya Nadella, CEO of Microsoft, has worked with Carol Dweck, a renowned psychologist and expert on growth mindset, who has helped to shape Microsoft's culture and approach to learning and development (Dweck, 2021).
Many of today's successful CEOs have benefited from working with strategic advisors to help them develop and refine their company's long-term strategies. These examples illustrate the value of having a knowledgeable, experienced advisor by your side when it comes to making important decisions about business growth and development. With the right guidance, you too can create an effective strategy for success and take your business to new heights. So don't hesitate - start looking for a trusted advisor who can provide valuable insights into how best to move forward in achieving your goals!
Free PDF download: 6 Advantages of Working with a Strategic Advisor
Charan, R. (2018). How Amazon's Jeff Bezos uses strategic thinking. Harvard Business Review. Retrieved from https://hbr.org/2018/03/how-amazons-jeff-bezos-uses-strategic-thinking
Eadicicco, L. (2018). How Apple CEO Tim Cook works with a 'coach' to manage his time. Business Insider. Retrieved from https://www.businessinsider.com/apple-ceo-tim-cook-coach-manage-time-harvard-2018-4
Dweck, C. (2021). The Growth Mindset at Work (and in the Classroom). Harvard Business Review. Retrieved from https://hbr.org/2021/03/the-growth-mindset-at-work-and-in-the-classroom
Friedman, D. (2019). Why every business leader should work with a strategic advisor. Forbes. Retrieved from https://www.forbes.com/sites/forbescoachescouncil/2019/08/08/why-every-business-leader-should-work-with-a-strategic-advisor/?sh=78c5312741d7
eleaders, helping them to develop their skills and achieve their potential.
According to an article in Forbes, working with a strategic advisor can help companies to achieve their goals faster and more effectively by providing "a roadmap, an expert guide, and the inspiration to push you further than you would go alone" (Friedman, 2019).