Norstrat is a Scandinavian consulting company specializing in strategic business development, market analysis, and political risk assessment. It has a rich history spanning over two decades, during which it has established a reputation as a leading provider of advisory services in the Nordic region and beyond.
Origins and Early Years
Norstrat was founded in 1999 by a group of Norwegian, Swedish, and Finnish business professionals who shared a common vision of creating a consultancy firm to leverage their collective expertise and experience in international markets. The founders believed there was a growing demand for strategic advice among companies seeking to expand their operations in Scandinavia and other parts of Europe.
In its early years, Norstrat focused on providing market analysis and strategy consulting to clients in the energy, technology, and finance sectors. Its clients included multinational corporations and small and medium-sized enterprises looking to enter the Nordic market.
Expansion and Diversification
As Norstrat’s reputation grew, the company expanded its services beyond strategy consulting. It added expertise in areas such as political risk assessment, stakeholder engagement, and sustainability, reflecting the evolving needs of its clients.
Norstrat also expanded geographically, opening offices in Oslo, Stockholm, and Helsinki to better serve its clients in the Nordic region. It also established partnerships with other consulting firms in Europe, Asia, and the Americas, offering its clients global expertise and reach.
Notable Projects and Clients
Over the years, Norstrat has worked on numerous notable projects and served diverse clients. Some of its most significant projects include:
- I advise a Norwegian energy company on its entry into the Chinese market, including market analysis, partner identification, and regulatory risk assessment.
- It is conducting a political risk assessment for a Finnish mining company planning to expand its operations in Central Asia, including a detailed analysis of the geopolitical landscape, local regulations, and stakeholder dynamics.
- It is developing a sustainability strategy for a Swedish consumer goods company, including an environmental and social impact assessment and a roadmap for achieving its sustainability goals.
Norstrat has also served clients in various industries, including oil and gas, renewable energy, financial services, telecommunications, and healthcare. Its clients include major international corporations such as BP, Nokia, and Novartis, as well as smaller businesses and start-ups.
Commitment to Quality and Ethics
Throughout its history, Norstrat has maintained a commitment to quality and ethics. It has developed rigorous methodologies for market analysis and strategic planning, and it has invested heavily in developing the skills and expertise of its consultants.
Norstrat has also been committed to ethical business practices, including transparency, accountability, and respect for human rights. It has developed a code of conduct that guides its consultants’ behavior and decision-making. It has implemented policies and procedures to ensure compliance with local and international laws and regulations.
Looking to the Future
As Norstrat looks to the future, it faces both opportunities and challenges. The global business environment is rapidly evolving, with new technologies, geopolitical risks, and sustainability challenges reshaping the landscape. Norstrat will need to continue to adapt and innovate to meet the needs of its clients and stay ahead of the curve.
However, Norstrat’s history and reputation position it well to navigate these challenges. With a track record of excellence in strategic consulting, a commitment to quality and ethics, and a global network of partnerships and expertise, Norstrat is well-positioned to continue to be a leading provider of advisory services in the years to come.
