Business strategic consulting is a process where an experienced business strategist assists a company in developing an effective and successful business strategy. This long-term action plan defines the company’s business goals, the methods to achieve them, and the resources required for success.

The benefits of business strategic consulting include: • Improved business efficiency • Increased business growth • Reduced business risks • Enhanced corporate image • Assistance with workforce recruitment • Support in decision-making

Business strategic consulting can be beneficial for any business, of any size and in any sector. However, businesses in the following situations can particularly benefit from strategic consulting: • Businesses in a growth or expansion phase • Businesses facing increasing competition • Businesses needing to cope with technological or regulatory changes • Businesses interested in planning an exit strategy

The business strategic consulting process typically includes the following stages: Diagnosis: At this stage, the strategic consultant conducts a diagnosis of the business, analyzing the company's strengths and weaknesses, opportunities, and threats in the market. Strategy Development: At this stage, the strategic consultant develops the business strategy together with the company's management. Strategy Implementation: At this stage, the strategic consultant accompanies the company in implementing the strategy.

There are several types of business strategic consulting, including: • General business strategic consulting: This is the most common type of strategic consulting, involving the development of a comprehensive business strategy for the company. • Focused business strategic consulting: This type of strategic consulting focuses on a specific area, such as marketing, sales, product development, or fundraising. • International business strategic consulting: This type of strategic consulting focuses on the company's business activities outside of Israel.