2011
DOI: 10.1007/978-3-642-16063-9
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Strategic Management of Professional Service Firms

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Cited by 37 publications
(37 citation statements)
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“…Previous research has investigated growth strategies based on knowledge-based innovations resulting in new practice developments (Anand et al 2007), internationalization (Aharoni 1993), and the exploration of new regional markets (Reihlen et al 2009), as well as growth opportunities through mergers and acquisitions, and alliances (Kaiser and Ringlstetter 2011). Yet, very little is known on how the governance type impacts the firm's growth strategy.…”
Section: Firm Growth and Psf Governancementioning
confidence: 99%
See 1 more Smart Citation
“…Previous research has investigated growth strategies based on knowledge-based innovations resulting in new practice developments (Anand et al 2007), internationalization (Aharoni 1993), and the exploration of new regional markets (Reihlen et al 2009), as well as growth opportunities through mergers and acquisitions, and alliances (Kaiser and Ringlstetter 2011). Yet, very little is known on how the governance type impacts the firm's growth strategy.…”
Section: Firm Growth and Psf Governancementioning
confidence: 99%
“…Furthermore, the small size and slow growth of Wachtell Lipton are also explained by its limitation to innovative cases and the clear avoidance to expand by mergers (Illman 2007). On the contrary, firms with entrepreneurial governance such as Greenberg Traurig emphasize entrepreneurial opportunity seeking and encourage diverse growth strategies such as diversification and internationalization (Kaiser and Ringlstetter 2011). Especially diversification and internationalization have deliberately been avoided by Wachtell Lipton as it would have undermined its homogenous and collegial culture.…”
Section: Firm Growth and Psf Governancementioning
confidence: 99%
“…This incorporation is exercised through lateral hires, the hiring of experienced professionals from competitors (Kaiser, 2004;Ringlstetter & Bürger, 2004). Especially when firms move into new areas of practice, experienced professionals that bring their personal networks of colleagues and clients may provide a crucial boost for business development (Malos & Campion, 1995).…”
Section: Co-optation and Lobbyismmentioning
confidence: 99%
“…Here, the "control mechanisms" are relaxed, "open communication" is encouraged, and "joint decision-making" with better employee participation is brought about. Thus the employees are allowed to be more creative and innovative (Kaiser, 2011). Employee participation in decision making is an important HPWP that can lead to motivation and team work (Naqvi & Nadeem, 2011).…”
Section: Introductionmentioning
confidence: 99%