Select Page

ARTIFICIAL INTELLIGENCE

An AI-native strategy firm

Global Advisors: a consulting leader in defining quantified strategy, decreasing uncertainty, improving decisions, achieving measureable results.

Learn MoreGlobal Advisors AI

A Different Kind of Partner in an AI World

AI-native strategy
consulting

Experienced hires

We are hiring experienced top-tier strategy consultants

Quantified Strategy

Decreased uncertainty, improved decisions

Global Advisors is a leader in defining quantified strategies, decreasing uncertainty, improving decisions and achieving measureable results.

We specialise in providing highly-analytical data-driven recommendations in the face of significant uncertainty.

We utilise advanced predictive analytics to build robust strategies and enable our clients to make calculated decisions.

We support implementation of adaptive capability and capacity.

Our latest

Thoughts

Global Advisors’ Thoughts: Outperforming through the downturn AND the cost of ignoring full potential

Global Advisors’ Thoughts: Outperforming through the downturn AND the cost of ignoring full potential

Press drew attention last year to a slew of JSE-listed companies whose share prices had collapsed over the past few years. Some were previous investor darlings. Analysis pointed to a toxic combination of decreasing earnings growth and increased leverage. While this might be a warning to investors of a company in trouble, what fundamentals drive this combination?

In our analysis, company expansion driven by the need to compensate for poor performance in their core business is a typical driver of exactly this outcome.

This article was written in January 2020 but publication was delayed due to the outbreak of Covid-19. Five months after South Africa’s first case, we update our analysis and show that core-based companies outperformed diverse peers by 29% over the period.

Management should always seek to reach full potential in their core business. Attempts to expand should be to a clearly logical set of adjacencies to which they can apply their capabilities using a repeatable business model.

In the article “Steinhoff, Tongaat, Omnia… Here’s the dead giveaway that you should have avoided these companies, says an asset manager,” (Business Insider SA, Jun 11, 2019) Helena Wasserman lists a number of Johannesburg Stock Exchange (JSE) listed shares that have plummeted in recent years.

In many cases these companies’ corresponding sectors have been declining. However, in most of the sectors there is at least one company that has outperformed the rest. What is it about these outperformers that distinguishes them from the rest?

The outperformers have typically shown strong financial performance – be that Growth, ROE, ROA, RONA or Asset Turnover – and varying degrees of leverage. However, performance against these metrics is by no means consistent – see our analysis.

What is consistent is that the outperformers all show clearly delineated core businesses and ongoing growth towards full potential in these businesses alongside growth into clear adjacencies that protect, enhance and leverage the core. In some cases, the core may have been or is currently being redefined, typically through gradual, step-wise extension along logical adjacencies. Redefinition is particularly important in light of the digital transformation seen in many industries. The outperformers are very seldom diversified across unrelated business segments – although isolated examples such as Bidvest clearly exist in other sectors.

Analysis of the over- and underperformers in the sectors highlighted in the article shows that those following a clear core-based strategy have typically outperformed peers through the initial months of the downturn caused by the Covid-19 outbreak.

read more

Strategy Tools

PODCAST: Effective Transfer Pricing

PODCAST: Effective Transfer Pricing

Our Spotify podcast discusses how to get transfer pricing right.

We discuss effective transfer pricing within organizations, highlighting the prevalent challenges and proposing solutions. The core issue is that poorly implemented internal pricing leads to suboptimal economic decisions, resource allocation problems, and interdepartmental conflict. The hosts advocate for market-based pricing over cost recovery, emphasizing the importance of clear price signals for efficient resource allocation and accurate decision-making. They stress the need for service level agreements, fair cost allocation, and a comprehensive process to manage the political and emotional aspects of internal pricing, ultimately aiming for improved organizational performance and profitability. The podcast includes case studies illustrating successful implementations and the authors’ expertise in this field.

Read more from the original article.

read more

Fast Facts

Fast Fact: Great returns aren’t enough

Fast Fact: Great returns aren’t enough

Key insights

It’s not enough to just have great returns – top-line growth is just as critical.

In fact, S&P 500 investors rewarded high-growth companies more than high-ROIC companies over the past decade.

While the distinction was less clear on the JSE, what is clear is that getting a balance of growth and returns is critical.

Strong and consistent ROIC or RONA performers provide investors with a steady flow of discounted cash flows – without growth effectively a fixed-income instrument.

Improvements in ROIC through margin improvements, efficiencies and working-capital optimisation provide point-in-time uplifts to share price.

Top-line growth presents a compounding mechanism – ROIC (and improvements) are compounded each year leading to on-going increases in share price.

However, without acceptable levels of ROIC, the benefits of compounding will be subdued and share price appreciation will be depressed – and when ROIC is below WACC value will be destroyed.

Maintaining high levels of growth is not as sustainable as maintaining high levels of ROIC – while both typically decline as industries mature, growth is usually more affected.

Getting the right balance between ROIC and growth is critical to optimising shareholder value.

read more

Selected News

Quote: Dr Eric Schmidt – Ex-Google CEO

Quote: Dr Eric Schmidt – Ex-Google CEO

“The win will be teaming between a human and their judgment and a supercomputer and what it can think.” – Dr Eric Schmidt – Former Google CEO

Dr Eric Schmidt is recognised globally as a principal architect of the modern digital era. He served as CEO of Google from 2001 to 2011, guiding its evolution from a fast-growing startup into a cornerstone of the tech industry. His leadership was instrumental in scaling Google’s infrastructure, accelerating product innovation, and instilling a model of data-driven culture that underpins contemporary algorithms and search technologies. After stepping down as CEO, Schmidt remained pivotal as Executive Chairman and later as Technical Advisor, shepherding Google’s transition to Alphabet and advocating for long-term strategic initiatives in AI and global connectivity.

Schmidt’s influence extends well beyond corporate leadership. He has played policy-shaping roles at the highest levels, including chairing the US National Security Commission on Artificial Intelligence and advising multiple governments on technology strategy. His career is marked by a commitment to both technical progress and the responsible governance of innovation, positioning him at the centre of debates on AI’s promises, perils, and the necessity of human agency in the face of accelerating machine intelligence.

Context of the Quotation: Human–AI Teaming

Schmidt’s statement emerged during high-level discussions about the trajectory of AI, particularly in the context of autonomous systems, advanced agents, and the potential arrival of superintelligent machines. Rather than portraying AI as a force destined to replace humans, Schmidt advocates a model wherein the greatest advantage arises from joint endeavour: humans bring creativity, ethical discernment, and contextual understanding, while supercomputers offer vast capacity for analysis, pattern recognition, and iterative reasoning.

This principle is visible in contemporary AI deployments. For example:

  • In drug discovery, AI systems can screen millions of molecular variants in a day, but strategic insights and hypothesis generation depend on human researchers.
  • In clinical decision-making, AI augments the observational scope of physicians—offering rapid, precise diagnoses—but human judgement is essential for nuanced cases and values-driven choices.
  • Schmidt points to future scenarios where “AI agents” conduct scientific research, write code by natural-language command, and collaborate across domains, yet require human partnership to set objectives, interpret outcomes, and provide oversight.
  • He underscores that autonomous AI agents, while powerful, must remain under human supervision, especially as they begin to develop their own procedures and potentially opaque modes of communication.

Underlying this vision is a recognition: AI is a multiplier, not a replacement, and the best outcomes will couple human judgement with machine cognition.

Relevant Leading Theorists and Critical Backstory

This philosophy of human–AI teaming aligns with and is actively debated by several leading theorists:

  • Stuart Russell
    Professor at UC Berkeley, Russell is renowned for his work on human-compatible AI. He contends that the long-term viability of artificial intelligence requires that systems are designed to understand and comply with human preferences and values. Russell has championed the view that human oversight and interpretability are non-negotiable as intelligence systems become more capable and autonomous.
  • Fei-Fei Li
    Stanford Professor and co-founder of AI4ALL, Fei-Fei Li is a major advocate for “human-centred AI.” Her research highlights that AI should augment human potential, not supplant it, and she stresses the critical importance of interdisciplinary collaboration. She is a proponent of AI systems that foster creativity, support decision-making, and preserve agency and dignity.
  • Demis Hassabis
    Founder and CEO of DeepMind, Hassabis’s group famously developed AlphaGo and AlphaFold. DeepMind’s work demonstrates the principle of human–machine teaming: AI systems solve previously intractable problems, such as protein folding, that can only be understood and validated with strong human scientific context.
  • Gary Marcus
    A prominent AI critic and academic, Marcus warns against overestimating current AI’s capacity for judgment and abstraction. He pursues hybrid models where symbolic reasoning and statistical learning are paired with human input to overcome the limitations of “black-box” models.
  • Eric Schmidt’s own contributions reflect active engagement with these paradigms, from his advocacy for AI regulatory frameworks to public warnings about the risks of unsupervised AI, including “unplugging” AI systems that operate beyond human understanding or control.

Structural Forces and Implications

Schmidt’s perspective is informed by several notable trends:

  • Expansion of infinite context windows: Models can now process millions of words and reason through intricate problems with humans guiding multi-step solutions, a paradigm shift for fields like climate research, pharmaceuticals, and engineering.
  • Proliferation of autonomous agents: AI agents capable of learning, experimenting, and collaborating independently across complex domains are rapidly becoming central; their effectiveness maximised when humans set goals and interpret results.
  • Democratisation paired with concentration of power: As AI accelerates innovation, the risk of centralised control emerges; Schmidt calls for international cooperation and proactive governance to keep objectives aligned with human interests.
  • Chain-of-thought reasoning and explainability: Advanced models can simulate extended problem-solving, but meaningful solutions depend on human guidance, interpretation, and critical thinking.

Summary

Eric Schmidt’s quote sits at the intersection of optimistic technological vision and pragmatic governance. It reflects decades of strategic engagement with digital transformation, and echoes leading theorists’ consensus: the future of AI is collaborative, and its greatest promise lies in amplifying human judgment with unprecedented computational support. Realising this future will depend on clear policies, interdisciplinary partnership, and an unwavering commitment to ensuring technology remains a tool for human advancement—and not an unfettered automaton beyond our reach.

read more

Polls

Services

Global Advisors is different

We help clients to measurably improve strategic decision-making and the results they achieve through defining clearly prioritised choices, reducing uncertainty, winning hearts and minds and partnering to deliver.

Our difference is embodied in our team. Our values define us.

Corporate portfolio strategy

Define optimal business portfolios aligned with investor expectations

BUSINESS UNIT STRATEGY

Define how to win against competitors

Reach full potential

Understand your business’ core, reach full potential and grow into optimal adjacencies

Deal advisory

M&A, due diligence, deal structuring, balance sheet optimisation

Global Advisors Digital Data Analytics

14 years of quantitative and data science experience

An enabler to delivering quantified strategy and accelerated implementation

Digital enablement, acceleration and data science

Leading-edge data science and digital skills

Experts in large data processing, analytics and data visualisation

Developers of digital proof-of-concepts

An accelerator for Global Advisors and our clients

Join Global Advisors

We hire and grow amazing people

Consultants join our firm based on a fit with our values, culture and vision. They believe in and are excited by our differentiated approach. They realise that working on our clients’ most important projects is a privilege. While the problems we solve are strategic to clients, consultants recognise that solutions primarily require hard work – rigorous and thorough analysis, partnering with client team members to overcome political and emotional obstacles, and a large investment in knowledge development and self-growth.

Get In Touch

16th Floor, The Forum, 2 Maude Street, Sandton, Johannesburg, South Africa
+27114616371

Global Advisors | Quantified Strategy Consulting