How a finance consultant helps create a pathway to a sustainable value chain

Customers and other stakeholders are paying attention to more than just bottom lines and profitability. More value-added factors have risen to the centre and become a noteworthy way a company's true inclinations can be viewed in the market. This includes a company's eco-consciousness, ethics, and ESG and CSR investments. It also encompasses the focus on adding value to each step of any function's process. Or, in other words, how a firm secures a robust value chain.

The concept of a value chain was first introduced by Harvard Business School's Michael E. Porter in his book, Competitive Advantage: Creating and Sustaining Superior Performance. In it, he discussed that a competitive advantage a company may have cannot be discerned by looking at a company as a whole. It must be gathered from the litany of separate actions that are performed in the process of 'designing, producing, marketing, delivering, and supporting its product.'

A statement that ultimately says that value can only be located and boosted overall if every specific step in the chain of a company's process is reinforced with greater value addition.

Leverage the support of a finance consultant

When it comes to creating a more antifragile financial future that promises integrated success for any company operating in the current volatile landscape, a finance consultant can be an invaluable strategic source.

With the resources they have at their disposal and the insights they are able to offer, companies that have the support of a financial consultant are more likely to achieve the coveted position of an industry pioneer.