A Strategy Consultant in Product & Innovation helps organizations develop and implement strategies to improve their products and foster innovation. They work closely with different departments to identify opportunities for growth and competitive advantage.
Key Responsibilities
Analyzing market trends and consumer needs to inform product strategy
Collaborating with cross-functional teams to develop innovative solutions
Advising clients on best practices in product development and innovation
Conducting research and analysis to support strategic decision-making
Facilitating workshops and brainstorming sessions to generate ideas
Top Skills for Success
Analytical thinking
Product lifecycle management
Innovation strategy development
Stakeholder management
Market research
Career Progression
Can Lead To
Senior Strategy Consultant
Product Manager
Transition Opportunities
Innovation Director
Chief Strategy Officer
Common Skill Gaps
Often Missing Skills
Digital transformation knowledgeAdvanced data analysis
Development SuggestionsConsider taking courses in digital transformation and data analytics to fill these gaps and enhance your strategic capabilities.
Salary & Demand
Median Salary Range
Entry Level$70,000 - $90,000
Mid Level$90,000 - $120,000
Senior Level$120,000 - $150,000
Growth Trend
The demand for Strategy Consultants specializing in Product & Innovation is growing as companies increasingly focus on innovation to stay competitive.
Companies Hiring
Major Employers
McKinsey & CompanyBoston Consulting Group
Industry Sectors
TechnologyConsumer Goods
Recommended Next Steps
1
Build experience in product management or innovation roles
2
Network with professionals in the field to understand emerging trends
3
Consider certification programs in strategy or product innovation
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