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Standardization In The Field Of Management Consulting Services

Author

Listed:
  • Ciumara, Tudor

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

The EU recognizes the importance of management consultancy, part of the services sector. To facilitate the matching of management consulting services at European level, work is carried out to develop an industry standard, which is meant to become a best practice guide for providers of these services. The proposed standard has both clear advantages and disadvantages. It represents essentially a solution for reducing information asymmetry between providers of consultancy services and their customers, an alternative to the implementation of legal regulations.

Suggested Citation

  • Ciumara, Tudor, 2009. "Standardization In The Field Of Management Consulting Services," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(4), pages 200-207.
    • Handle: RePEc:vls:finstu:v:13:y:2009:i:4:p:200-207
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    More about this item

    Keywords

    management consultancy; standardization; CEN; ICMCI; regulation;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services

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