For me, strategy consulting is about working with the client to change that client's future. It is not only about generating insights but also about creating practical solutions that bring tangible results.
One of the clients I worked with was a large telecommunications operator in Indonesia. At the beginning of the project, the overall market was relatively stagnant despite the fact that the industry enjoyed the highest tariffs in the world. We challenged the conventional wisdom of the client's senior management and convinced them that the market should change—with their firm leading that change. Our recommendation was bold, as it required them to adopt an approach that had never before been tested in the market. The execution of the new strategy came quickly, and we witnessed a significant impact to the client. Revenue went up by approximately 50 percent, and the client became the trend-setter in the market.
At BCG, we show how to play a better game—and change the rules! In another project, we helped a client develop a strategy for entering Indonesia's microfinance market. There were only a handful of successful microfinance institutions in the market at that time, so we had to come in with a "blank sheet" approach. We analyzed the feasibility of entering the market, concluded that it was an attractive opportunity, and developed an entry plan. We also acted as the extra pair of hands to help execute that plan, and created a detailed operating model to keep the business running. At the project's end, the new institution was operating successfully and the results exceeded the client's expectations.