There are times in life when you as a person or company operate in a bubble with blinders and sometimes it’s refreshing to bring in someone like a consultant that can shed new light on what’s doing well and other things that need to be improved. And whether you’re a local restaurant or global financial institution there is always room to be better, and this blog touches on that.
First and foremost, though graduates from the top business schools (Wharton, etc.) and those that spent years on Wall Street are savvy in what they do, who’s really thinking outside the box to make big moves and go above/beyond the norm? Not many, but they should.
Looking at that scenario, imagine being one of the top hedge funds in the world and 500 of your employees (analysts, etc.) are implementing strategies they learned in school while all of their classmates are doing the same just at other firms. Where’s the special sauce?
Secondly, financial consultants can benefit financial institutions by giving them clarity into what’s happening in the big picture as opposed to just their space – the little slice of the pie that’s a portion of the world. What if you could understand the big picture and what’s around the next turn then use that to your advantage?
Lastly, especially when it comes to data analytics and AI, financial institutions have to understand the basics first then prepare for what’s to come, which is going to be wild.
A few thoughts on what we’re seeing in the world now and we’ll share more soon…