What is the difference between strategy consulting, and CDD? Are they essentially the same thing?

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strategy is a broad general term for figuring out next steps of what to do for a specific section of whatever it is you have a responsibility for

consulting is just giving recommendations for that specific section without any actual ownership

CDD is corporate due diligence which is a specific stupid corporate term for basically just doing good research into whatever specific section you were asked to do CDD for

how are you a senior associate and not know this

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I was CDD for PE funds for 5 yrs before exiting to a portco.
Ive led tons of CDD’s and still have nightmares about it. Often called a market report. PE funds drive the volume but corporates too.
They do CDD when considering an acquisition and want confidence to make a go/no-go decision to move to next round in a deal process. It’s 70+ hours per week burners but no travel. Yay.

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CDD is one workstream in a M&A process and strategy consulting is a catch all type of consulting that can include various functional topics that solve a certain problem that executives teams need solved. CDD’s are a very specific type of strategy consulting that investors and Corp Dev teams need help with.

For strategy, I help firms figure out “where to play, how to play, and where to win.”

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