Managing The Consulting Firm
4 important questions on Managing The Consulting Firm
Where the project structure drives staffing, what do the economics of a PSF determine?
What are the two economic aspects of the PSF that thus determine the shape of the firm?
- Few fixed assets, they only require capital to fund accounts receivable and other working capital items (WC = current assets - current liabilities)
- Consequently, revenues are paid in the form of salaries, bonuses and net partnership profits
What is meant by the fact that PSFs employ a rigid promotion structure?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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How is determined what a reasonable amount of time is for someone to move up the ladder in a PSF?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
