Legacy consulting is clearing the path for lesser-known, highly specialized boutique consulting firms.
With generally fewer than 500 employees, an informal office culture, and more specialized resources than the big leagues, boutique consulting firms don’t have the brand recognition or alumni “old boys network” of the “Big Four” (Deloitte, EY, PWC, and KPMG) or the “Big Five” (McKinsey & Company, Boston Consulting Group, Accenture, Deloitte Consulting LLP, and Bain & Company).
The markers of boutique consultant firms are size, culture, and scope. However, what gives super boutiques an edge is that they specialize in a unique niche, industry, or locale—and are damn good at what they do. Thanks to strategic and agile teams, super boutique consulting firms are well-equipped to outperform the legacy consulting firms of yesteryear.
More and more blue-chip enterprises opt for singular expertise, deep experience, and partners who play nicely with others over the old-school methodologies of larger consulting firms. The best boutiques on the block are recognized for their commitment to excellence, flexibility, and speed.
Read on to learn more about the true value of a boutique consulting firm partnership.
What is a Boutique Consulting Firm?
Boutique consulting firms are generally composed of less than 200 employees and offer highly customized services. Boutiques are usually a “work family” of highly dedicated individuals, who may or may not work onsite, that have the experience and energy to come together to help the enterprise solve problems and achieve success.
Boutiques are attractive to the kinds of employees who are bound by an interconnected passion to get the bigger vision accomplished. For example, here at Collectiv, we’re focused on providing strategic direction and full-service implementation to solve complex data challenges for enterprises across a wide range of industries.
Regardless of the boutique’s focal point, it comes down to passion and drive. The goal is to deliver masterful knowledge of a specialty as well as personal attention, the latter of which is unlikely to be found at a behemoth consulting firm.
Benefits of Choosing Boutique Consulting Firms
What makes boutiques stand out in the consulting space are the guiding principles of strategy and agility, which are the secret ingredients to achieving long-term goals. Let’s take a look at several more benefits of working with boutique consulting firms.
At boutiques, ranks and hierarchies are blurred. Clients may have direct access to anyone within the boutique agency, from frontline customer-facing team members to the CEO.
Boutique consulting firms adapt to the changing needs of their clients, so they rapidly pivot alongside evolving policies and methodologies. Although boutiques tend to focus on one area of expertise, full-service consulting is often available on an as-needed basis.
Boutique consulting firms have a strong connection to talent and partners in their network. They tap into the most capable and expert of free agency workers as client needs dictate.
We’ve mentioned it before, but it’s worth mentioning again. Boutique consulting firms foster team collaboration. Top-down hierarchies won’t be found here.
It’s all about sharing ideas and pushing the envelope. The belief that the best ideas may come from anywhere within the organization dominates the office environment. This encourages new thinking and innovation that may otherwise be slow to incubate at larger consulting firms.
Because boutique agencies tend to be composed of small teams, they have the capability to grow with clients. As a client rises to achievement, so too does the boutique.
What a Super Boutique Looks Like
In today’s environment, organizations need a “super boutique” that is nimble and quick, with the ability to adapt to whatever the client’s situation is at any point in time. Particularly for instances when a client requires something fast and tactical, a super boutique may be the group to get it done.
In contrast, with so many layers of entrenched authority, legacy consulting firms are slower to move on to new initiatives which may make or break a project’s outcome.
To understand boutique consulting firms, it helps to look at an example.
What sorts of expertise do boutique consulting firms provide to the enterprise? How are boutique services personalized for each client? For Collectiv, strategy is key.
Whether an organization realizes that they need guidance with strategy or not, strategy is going to happen. Too often, consulting firms will simply implement an organization’s plan of action without providing their honest input on whether the end result will realistically meet expectations.
Enterprises deserve consulting firms that are comfortable with both strategy and execution. Collectiv prioritizes strategy, and for good reason. Oftentimes, if an organization starts out with clear Power BI implementation requirements and forgoes the strategy, the lack thereof rears its head six months down the road.
This costs valuable time and resources and creates a divide between the organization and its goal. The trifecta of strategy, implementation, and support are omnipresent in everything Collectiv does, enabling enterprise teams to realize their vision and seize sustainable success.
If strategy is the key, agility is the door that opens the way for organizations to move towards innovative, long-lasting achievement.
Why Enterprises Choose Super Boutiques
Many boutiques are relatively young and unknown in the broader consulting milieu. This may make you wonder: Wouldn’t an alliance with such a firm be a risky proposition compared to hiring a more well-known consulting firm?
Fair question and we’re glad you asked. Because this is an excellent segue into exploring why large organizations and blue-chip companies choose Collectiv for their boutique consulting needs.
It goes back to specialization and niche. The Big Four and the Big Five consulting firms are experts in fields pertaining to their core business. Despite having all the resources and money necessary to develop a technical team with experience and talent in solving data challenges, it can be difficult to dive into the same depth as boutique consultant firms do.
Boutique consulting firms understand that you can’t be all things to all people. This is certainly true when it comes to technology as complicated as Power BI. The boutique consulting firms worth their salt have successfully carved out a narrow niche. Enterprises then partner with them to leverage their expertise, focus, and experience for all things pertaining to that specialty.
At Collectiv, we are proud to help enterprise teams leverage technology to achieve what they only dreamed possible. More than ever before, you’ve got to think fast and act faster, otherwise, you may be outmaneuvered by a more agile organization.
By partnering with Collectiv, you’ll gain all of the agile and adaptable benefits of a super boutique so you achieve success throughout your unique Power BI journey.