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Standardization Versus Innovation In Management Consultancy

Author

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  • Ciumara, Tudor

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

Abstract

This paper is supported by the Sectoral Operational Programme Human Resources Development (SOP HRD), financed from the European Social Fund and by the Romanian Government under the contract number SOP HRD/89/1.5/S/62988. In this paper we propose some perspectives on the relationship between standardization and innovation in the management consulting business. Most of the consulting services are situated somewhere between absolute standardization and absolute innovation. Approaching any of these poles brings some advantages and disadvantages, both to the service providers and to their customers. It is important to find a balance between innovation and standardization to maximize the results of all agents involved.

Suggested Citation

  • Ciumara, Tudor, 2011. "Standardization Versus Innovation In Management Consultancy," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 15(4), pages 145-156.
    • Handle: RePEc:vls:finstu:v:15:y:2011:i:4:p:145-156
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    Citations

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    Cited by:

    1. Tudor Ciumara & Iulia Lupu, 2016. "Features and Regional Disparities of Consultancy Services in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 1-25, February.

    More about this item

    Keywords

    management consultancy; innovation; standardization;
    All these keywords.

    JEL classification:

    • 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
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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