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Strategic Development of Professional Service Firms

In: Strategic Management of Professional Service Firms

Author

Listed:
  • Stephan Kaiser

    (Universität der Bundeswehr München, Wirtschafts- und Organisationswissenschaften)

  • Max Josef Ringlstetter

    (Katholische Universität Eichstätt-Ingolstadt, Lehrstuhl für ABWL, Organisation und Personal)

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

Suggested Citation

  • Stephan Kaiser & Max Josef Ringlstetter, 2011. "Strategic Development of Professional Service Firms," Springer Books, in: Strategic Management of Professional Service Firms, chapter 0, pages 145-160, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-16063-9_11
    DOI: 10.1007/978-3-642-16063-9_11
    as

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