The Business of Professional Service Firms

Stephan Kaiser () and Max Josef Ringlstetter ()
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Stephan Kaiser: Universität der Bundeswehr München, Wirtschafts- und Organisationswissenschaften
Max Josef Ringlstetter: Katholische Universität Eichstätt-Ingolstadt, Lehrstuhl für ABWL, Organisation und Personal

Chapter Chapter 2 in Strategic Management of Professional Service Firms, 2011, pp 17-20 from Springer

Abstract: Abstract As already outlined in the introduction, the professional service firm sector is characterized by a couple of commonalities, such as the critical resources. Despite all these commonalities it must be forgotten under no circumstances that there are considerable differences between individual companies within the sector. These differences on the one hand manifest in more differentiated types of businesses and remuneration forms. On the other hand they are based on the fact that professional services vary depending on the subsector. These subsectors will be portrayed in detail in the following chapter. When comparing the range of services of a management consultancy and the one of an insurance broker this is more than obvious. In the following types of businessesTypes of Businesses (Sect. 2.1) and remuneration forms (Sect. 2.2) are presented as can be generally found in the PSF sector.

Keywords: Decisive Parameter; Hourly Rate; Profit Sharing; Management Consultancy; Quantitative Problem (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-16063-9_2

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DOI: 10.1007/978-3-642-16063-9_2

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