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Expert talent and the design of (professional services) firms


  • David J. Teece


This paper discusses key issues with regard to an expert services firm (a professional firm whose primary product is the delivery of expert services). The increasing importance of expert talent in today's economy has significant theoretical implications for the nature of the employment relation within such a firm; and the nature (and theory) of professional service firms as a distinct organizational form. Copyright 2003, Oxford University Press.

Suggested Citation

  • David J. Teece, 2003. "Expert talent and the design of (professional services) firms," Industrial and Corporate Change, Oxford University Press, vol. 12(4), pages 895-916, August.
  • Handle: RePEc:oup:indcch:v:12:y:2003:i:4:p:895-916

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    Cited by:

    1. Teece, David J., 2010. "Technological Innovation and the Theory of the Firm," Handbook of the Economics of Innovation, Elsevier.
    2. repec:bla:stratm:v:38:y:2017:i:2:p:232-254 is not listed on IDEAS
    3. Mari Sako & Katsuyuki Kubo, 2018. "Professionals On Corporate Boards In Japan: How Do They Affect The Bottom Line?," Working Papers halshs-01770191, HAL.
    4. Agulles, Remei & Prats, Mª Julia, 2011. "Learning in practice: What organizational and management literature can contribute to professional and occupational development," IESE Research Papers D/938, IESE Business School.
    5. repec:eee:respol:v:46:y:2017:i:8:p:1399-1415 is not listed on IDEAS
    6. repec:ags:pdcbeh:264632 is not listed on IDEAS
    7. Criscuolo, Paola & Salter, Ammon & Sheehan, Tony, 2007. "Making knowledge visible: Using expert yellow pages to map capabilities in professional services firms," Research Policy, Elsevier, vol. 36(10), pages 1603-1619, December.
    8. Nicolai J. Foss, 2013. "Knowledge governance: meaning, origins and implications," Chapters,in: Handbook of Economic Organization, chapter 4 Edward Elgar Publishing.
    9. Noam Wasserman, 2008. "Revisiting the Strategy, Structure, and Performance Paradigm: The Case of Venture Capital," Organization Science, INFORMS, vol. 19(2), pages 241-259, April.
    10. Dominik Mahr & Aric Rindfleisch & Rebecca Slotegraaf, 2015. "Enhancing Crowdsourcing Success: the Role of Creative and Deliberate Problem-Solving Styles," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 2(3), pages 209-221, September.
    11. repec:pdc:jrnbeh:v:13:y:2017:i:2:p:142-151 is not listed on IDEAS
    12. Fabrizio Ferraro & Jeffrey Pfeffer & Robert I. Sutton, 2009. "How and Why Theories Matter: A Comment on Felin and Foss (2009)," Organization Science, INFORMS, vol. 20(3), pages 669-675, June.
    13. Bunz, Thorsten & Casulli, Lucrezia & Jones, Marian V & Bausch, Andreas, 2017. "The dynamics of experiential learning: Microprocesses and adaptation in a professional service INV," International Business Review, Elsevier, vol. 26(2), pages 225-238.
    14. Lars Frederiksen & Silvia Rita Sedita, 2005. "Embodied Knowledge Transfer Comparing inter-firm labor mobility in the music industry and manufacturing industries," DRUID Working Papers 05-14, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    15. Karthik, D. & Upadhyayula, Rajesh, 2011. "Performance Implications of Diversification in Professional Service Firms: The Role of Synergies," IIMA Working Papers WP2011-01-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    16. repec:bla:stratm:v:38:y:2017:i:7:p:1391-1415 is not listed on IDEAS
    17. Demirbag, Mehmet & McGuinness, Martina & Akin, Ahmet & Bayyurt, Nizamettin & Basti, Eyup, 2016. "The professional service firm (PSF) in a globalised economy: A study of the efficiency of securities firms in an emerging market," International Business Review, Elsevier, vol. 25(5), pages 1089-1102.
    18. Y. Sekou Bermiss & Johann P. Murmann, 2015. "Who matters more? The impact of functional background and top executive mobility on firm survival," Strategic Management Journal, Wiley Blackwell, vol. 36(11), pages 1697-1716, November.
    19. repec:spr:intemj:v:13:y:2017:i:4:d:10.1007_s11365-017-0451-x is not listed on IDEAS
    20. repec:aal:abbswp:11-15 is not listed on IDEAS
    21. Crass, Dirk & Schwiebacher, Franz, 2013. "Do trademarks diminish the substitutability of products in innovative knowledge-intensive services?," ZEW Discussion Papers 13-061, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    22. Lougui, Monia & Broström, Anders, 2016. "New firm formation in the wake of mergers and acquisitions: Are employees pushed or pulled into entrepreneurship?," Working Paper Series in Economics and Institutions of Innovation 427, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    23. Teppo Felin & Nicolai J. Foss, 2009. "Social Reality, the Boundaries of Self-Fulfilling Prophecy, and Economics," Organization Science, INFORMS, vol. 20(3), pages 654-668, June.
    24. Nicolai J. Foss, 2006. "The Emerging Knowledge Governance Approach Challenges and Characteristics," DRUID Working Papers 06-10, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    25. Forrest Briscoe & Michelle Rogan, 2016. "Coordinating Complex Work: Knowledge Networks, Partner Departures, and Client Relationship Performance in a Law Firm," Management Science, INFORMS, vol. 62(8), pages 2392-2411, August.

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