Understanding business consulting roles in the era of free intellectual property & alternative workforce.
In a world brimming with hyper-connectivity, free intellectual property, alternative workforces, and instant information, business consultants‘ role has become less obvious.
Amidst an ever-growing supply of consumer and business insight and information, consultants offer an essential combination of expertise, approved approaches to critical success factors. They advise on analyzing and interpreting various types of information within a short period of time.
Business operations are becoming increasingly complex. Managing rapid change and digital transformation is a challenging exercise.
Continuous integration of new strategies to keep up with a dramatically changing economy often leads to miscalculations in organizational structures. It causes budget cut-backs regarding services like, e.g., Business Consulting.
The new economy calls for new skills.
Employee Experience and extensive internal education programs are developed to retain, promote, and mobilize enterprises’ talent. Continuous learning to develop, upskill, or reskill employees – is becoming a critical factor in securing market share and business continuity.
Talent networks – specialized in various market segments – like Kaggle (the world´s largest network of data strategists and data scientists) are significantly growing.
According to the survey results of “2019 Deloitte Global Human Capital Trends”, companies seeking freelancers or contractors with niche expertise to fill skill gaps (tactically “filling slots”) as an alternative to filling vacancies.
Are these new market developments mentioned above becoming a viable alternative to hiring business consultants?
If employees learn new work approaches and outsource special tasks to niche experts via networks or platforms, are business consultants essential?
I have been working as a freelance business consultant for almost two decades.
Lately, I am often asked what I see as the main purpose of business consultants and their role in the new economy.
In general, a consultant is a professional with relevant – in-depth – experience and qualifications which provides their expertise, advice, and/or support to a client to achieve specific objectives.