Maximising Our Resources

Fiona Westwood

Chapter 5 in Accelerated Best Practice, 2004, pp 93-117 from Palgrave Macmillan

Abstract: Abstract This segment of the Model is important for professional firms because resources cause them unique management issues. First of all, as most professional firms continue to trade as partnerships, this causes resource limitations and restrictions on the rate and pace of growth where partners have to self-finance expansion plans. Secondly, professionals are trained to be risk averse when advising clients. As a result, what often appears to outsiders to be a viable business risk is voted out by partners who are not comfortable with that choice. And thirdly, partners have a natural interest in agreeing and monitoring how resources are managed and their money is spent.

Keywords: Risk Management; Action Point; Formal Complaint; Effective Risk Management; Time Audit (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50609-1_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230506091

DOI: 10.1057/9780230506091_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().