Abstract
In the past, professional service firms were highly profitable and were able to achieve high growth rates. Currently, however, many of these companies are in crisis. The current market situation does not lend itself to reaching growth rates as before, and that even though professional service firms are by definition obligated to permanent growth, due to the career promises they made to their employees. But if they were to honor these career promises, their profitability would be destroyed as a consequence. Customers more and more experienced with consulting services, increased specialization in industries and themes, and the transition of small national shops into worldwide corporations have modified the consulting firm sector. In recent years, growth has mostly come from developing new themes within existing client relations.
Co-authors: Bernd Bürger and Adrian Bründl
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Atkinson J (1984) Manpower strategies for flexible organizations. Pers Manage 16(8):28–31
Eisenhardt KM, Brown SL (1999) Wie Sie Ihr Geschäftsportfolio flexibel gestalten. Harv Bus 21(6):72–85
Løwendahl BR, Revang O, Fosstenlokken SM (2001) Knowledge and value creation in professional service firms. Hum Relat 54(7):911–931
Malos SB, Campion MA (2000) Human resource strategy and career mobility in professional service firms. Acad Manage J 43(4):749–760
Weisbord ES (1990) Determinants and effects of growth strategy in corporate law firms. Acad Manage Proc 37:42–46
Ringlstetter M, Bürger B (2003) Bedeutung netzwerkartiger Strukturen bei der strategischen Entwicklung von Professional Service Firms. In: Bruhn M, Stauss B (eds) Dienstleistungsnetzwerke. Wiesbaden, pp 113–130
Ringlstetter M, Bürger B (2004) Strategische Entwicklung von Professional Service Firms. In: Ringlstetter M, Bürger, B., Kaiser S (eds) Strategien and Management für Professional Service Firms. Weinheim, pp 283–305
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Kaiser, S., Ringlstetter, M.J. (2011). Surviving Crises – Crisis Management. In: Strategic Management of Professional Service Firms. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-16063-9_13
Download citation
DOI: https://doi.org/10.1007/978-3-642-16063-9_13
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-16062-2
Online ISBN: 978-3-642-16063-9
eBook Packages: Business and EconomicsBusiness and Management (R0)