Nilesh Waghela
Explore Business Strategy
Business Career
Independent Business Advisor
As a successful independent business advisor, Waghela helped his many clients to craft and tailor an effective business strategy. There are many different business strategies; as Waghela is an avid fan of Michael Porter – the American academic – he followed many of his business theories during his time as a business advisor.
Michael Porter is a University Professor at Harvard Business School, as well as being an academic and writer on business strategy, economics and social causes. Porter is the author of numerous books on business, and he also created the ‘Porter five forces analysis’, an instrumental theory in contemporary business strategy development.
This blog will look at Porter’s work in relation to business strategy, exploring the three types of business strategy that he has identified. The three main business strategies – cost leadership, differentiation and focus – each have advantages, and a business advisor, such as Waghela, can use their expertise to find which is best for the individual business.
This blog will also have information for business owners who want to know how to get the most out of their partnership with a business advisor. Firstly, this blog will explore what a business advisor is, and what they can do to improve and expand a business. A business advisor can be brought on-board in a number of ways, either as a one-off, as short-term support, or as an on-going mentor to the business owner. The role of a business advisor is to speed up the learning process, quickly concluding how to best run or operate a company – which can be invaluable throughout the business lifecycle.
Business advisors will be able to identify and analyse issues and problems within the business before problem solving, offering impartial information, creating an action plan, and finding specialist advice. This blog will explain how to maximise your business advisor, giving practical advice on how to gain the most from the relationship.
In addition to advice for clients, this blog will also share information about how to become a business advisor – giving advice and tips for aspiring business strategists.