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Strategic Development of Professional Service Firms

  • Stephan Kaiser
  • Max Josef Ringlstetter
Chapter

Abstract

For professional service firms, above average company growth and the highly competitive business environment represent central challenges for strategic 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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Universität der Bundeswehr München, Wirtschafts- und OrganisationswissenschaftenNeubibergGermany
  2. 2.Wirtschaftswissenschaftliche FakultätKatholische Universität Eichstätt-Ingolstadt, Lehrstuhl für ABWL, Organisation und PersonalIngolstadtGermany

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