Strategic Development 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 11 in Strategic Management of Professional Service Firms, 2011, pp 145-160 from Springer

Abstract: Abstract For professional service firms, above average company growth and the highly competitive business environment represent central challenges for strategicStrategic development. With the reorganization of the sector, these challenges caused by excess capacities and price pressure gain additional importance. To continue working successfully against this background, specific development strategies are necessary which must be supported by correlating organization architecture. For the development of professional service firms, three strategic options are presented: diversification, internationalization and strengthening of the core businesses (11.1). Implementation of these development strategies can on the whole only be effected by internal reorganization (11.2), through acquisitions (11.3) or cooperation (11.4).1

Keywords: Core Business; Audit Firm; Consult Firm; Business Area; Diversification Strategy (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_11

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DOI: 10.1007/978-3-642-16063-9_11

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