What Makes An Executive Consultant Succeed? Kevin Modany of Bluerock Partners Defines Key Traits.
As an experienced executive consultant, Kevin Modany has been in the room with leaders in a number of industries. Using his multi-faceted skill set and background as a Certified Public Accountant, Modany leads his clients to solutions and innovation where it is possible.
Since 2016, Kevin Modany has been helping to guide his clients to better outcomes as they grow their businesses or overcome hurdles and obstacles. Now, Modany is taking some time to offer his thoughts on the future of the work that he does as an executive consultant.
What Does an Executive Consultant Actually Do?
Executive consultants are, as their name implies, consultants for the highest rungs of leadership. They use their skill sets to help address problems and obstacles, cutting through the noise to find a solution that is easy to communicate and quick to act upon.
Executive consultants are important to the overall health of a company as they use their superb communication skills to transmit knowledge, relay solutions, and grease the wheels of progress. Most executive consultants will work with a company for a relatively short amount of time, overcoming challenges before moving on.
Core Trends in the Future
While executive consultants remain an imperative part of the growth of any business, the industry itself is growing and changing with them. Kevin Modany suggests and expects that the executive consultancy field will continue to evolve as it surges forward to meet the needs of 21st Century Challenges.
- Digital Expansion – COVID-19 spurred on what was already in action: a transition to digital technology away from brick-and-mortar retail. Companies are increasingly digitizing their businesses in the face of the internet’s unflinching importance, and executive consultants can help to facilitate that process.
- Innovation in Business Model Adoption – Finding new services or additional income streams can fundamentally alter the career prospects of a business. Executive consultancy professionals are primed to explore potential new income streams.
Key Functions of an Executive Consultant
Executive consultants remain involved throughout every phase of a business and its operations. Multifaceted executives who are equipped with dynamic skills and unique backgrounds of knowledge are more valuable to their employers.
Regardless of an individual’s background, Modany suggests that executive consultants must meet the needs of the following functions.
- Identify a Business’ Strengths, Weaknesses, and Threats
- Develop Operational Enhancements to Improve Efficiency
- Relay Core Concepts From Management to Employees
- Provide Strategic Guidance to Senior Executives