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Standardization Versus Innovation In Management Consultancy

Author

Listed:
  • 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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    References listed on IDEAS

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    1. Philippe Aghion & Alan Ahearne & Marek Belka & Lars Heikensten & Jean Pisani-Ferry & André Sapir & Jürgen von Hagen, . "Coming of age: report on the euro area," Blueprints, Bruegel, number 11, November.
    2. Alan Ahearne & Brigit Schmitz & Jürgen von Hagen, 2007. "Current Account Imbalances in the Euro Area (draft version)," CASE Network Studies and Analyses 0345, CASE-Center for Social and Economic Research.
    3. Sven Langedijk & Werner Roeger, 2007. "Adjustment in EMU: A model-based analysis of country experiences," European Economy - Economic Papers 2008 - 2015 274, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Dabrowski, Marek, 2010. "The global financial crisis: Lessons for European integration," Economic Systems, Elsevier, vol. 34(1), pages 38-54, March.
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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;

    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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