How can you ensure a business advisory framework meets the needs of an energy company?

2 Choose an appropriate framework

The next step is to choose an appropriate framework that matches the client's needs and goals. There are many types of business advisory frameworks, such as SWOT, PESTEL, Porter's Five Forces, Balanced Scorecard, and Value Chain Analysis. However, not all of them are equally relevant or useful for the energy sector. You need to select a framework that can capture the complexity and dynamics of the energy industry, such as the Energy Transition Framework, the Energy Value Chain Framework, or the Energy Business Model Framework. These frameworks can help you analyze the current and future state of the energy market, the value drivers and activities of the energy companies, and the business models and strategies that can create competitive advantage and sustainability.

3 Customize the framework

The third step is to customize the framework to fit the client's specific situation and expectations. You need to adapt the framework to the client's industry segment, size, geography, culture, and capabilities. You also need to tailor the framework to the client's level of maturity, readiness, and ambition. For example, if the client is a traditional oil and gas company that wants to transition to renewable energy sources, you need to modify the framework to reflect the challenges and opportunities of this transformation. You also need to align the framework with the client's existing processes, systems, and data sources.

4 Apply the framework

The fourth step is to apply the framework to the client's data and information. You need to collect, analyze, and interpret the relevant data and information that can inform your findings and recommendations. You need to use both quantitative and qualitative methods, such as surveys, interviews, benchmarking, financial modeling, scenario planning, and stakeholder mapping. You need to use the framework as a guide to structure your analysis and identify the key insights and implications. You also need to validate your assumptions and hypotheses with the client and other experts.

5 Communicate the results

The final step is to communicate the results of your analysis and recommendations to the client. You need to present your findings and recommendations in a clear, concise, and compelling way. You need to use the framework as a tool to organize and visualize your results and recommendations. You need to highlight the main points, the benefits, and the risks of your recommendations. You also need to provide actionable and realistic steps for implementation and follow-up. You need to engage the client in a dialogue and address their questions and concerns.

By following these steps, you can ensure that your business advisory framework meets the needs of an energy company and delivers value to your client.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?