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Life Cycle Characteristics of Small Professional Service Firms

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  • Enno Masurel
  • Kees Van montfort

Abstract

Our study of professional services firms clearly revealed that firms change over the course of their life cycles. During the first three stages, diversification in sales, the differentiation in labor force, and the level of labor productivity increase. In the last stage, diversification in sales, the differentiation in labor force, and the level of labor productivity decrease. Development effects can be treated as interdependent. Our findings show that the effects of growth can be predicted to a certain extent. In efforts towards development, these predictions are important to business strategy, as well as to consultation with and education of SME entrepreneurs.

Suggested Citation

  • Enno Masurel & Kees Van montfort, 2006. "Life Cycle Characteristics of Small Professional Service Firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 44(3), pages 461-473, July.
    • Handle: RePEc:taf:ujbmxx:v:44:y:2006:i:3:p:461-473
    DOI: 10.1111/j.1540-627X.2006.00182.x
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    Cited by:

    1. Adrianela Angeles & Adriana Perez-Encinas & Cristian E. Villanueva, 2022. "Characterizing Organizational Lifecycle through Strategic and Structural Flexibility: Insights from MSMEs in Mexico," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(2), pages 271-290, June.
    2. Anne Domurath & Simon Taggar & Holger Patzelt, 2023. "A contingency model of employees’ turnover intent in young ventures," Small Business Economics, Springer, vol. 60(3), pages 901-927, March.
    3. Elena Freisinger & Sven Heidenreich & Christian Landau & Patrick Spieth, 2021. "Business Model Innovation Through the Lens of Time: An Empirical Study of Performance Implications Across Venture Life Cycles," Schmalenbach Journal of Business Research, Springer, vol. 73(3), pages 339-380, December.
    4. O’Mahoney Joe, 2021. "How Small Consultancies Grow: Challenging Problem-Based Theorising," Management Consulting Journal, Sciendo, vol. 4(1), pages 5-20, January.
    5. Luis Javier Garcia-Martinez & Sascha Kraus & Matthias Breier & Andreas Kallmuenzer, 2023. "Untangling the relationship between small and medium-sized enterprises and growth: a review of extant literature," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 455-479, June.

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