Published by:
MIT Sloan School of Management
Length: 13 pages
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https://casecent.re/p/6686
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Abstract
In an effort to discover the principles of ''good management'' of the professional service sector, this author examines the inner workings of a few outstanding companies whose philosophy and management orientation make them what they are today - successful, profitable, and, above all, well-managed. In the course of identifying the many organizational characteristics common to these firms, he also discovers that these firms share a common management approach, which he labels the ''one-firm firm'' system. The critical elements of this approach are management''s emphasis on loyalty to the firm and group co-operation. By exploring how these elements interact to form a successful management system, the author proposes a model of professional firm success that he believes can be adopted by a variety of professions.
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Abstract
In an effort to discover the principles of ''good management'' of the professional service sector, this author examines the inner workings of a few outstanding companies whose philosophy and management orientation make them what they are today - successful, profitable, and, above all, well-managed. In the course of identifying the many organizational characteristics common to these firms, he also discovers that these firms share a common management approach, which he labels the ''one-firm firm'' system. The critical elements of this approach are management''s emphasis on loyalty to the firm and group co-operation. By exploring how these elements interact to form a successful management system, the author proposes a model of professional firm success that he believes can be adopted by a variety of professions.