Life Cycle Characteristics of Small Professional Service Firms

E. Masurel; C.A.G.M. van Montfort

doi:10.1111/j.1540-627X.2006.00182.x

Life Cycle Characteristics of Small Professional Service Firms

E. Masurel
, C.A.G.M. van Montfort

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

Our study of professional services firms clearly revealed that firms change over the course of their life cycles. During the first three stages, diversification in sales, the differentiation in labor force, and the level of labor productivity increase. In the last stage, diversification in sales, the differentiation in labor force, and the level of labor productivity decrease. Development effects can be treated as interdependent. Our findings show that the effects of growth can be predicted to a certain extent. In efforts towards development, these predictions are important to business strategy, as well as to consultation with and education of SME entrepreneurs. © 2006, International Council for Small Business.

Original language	English
Pages (from-to)	461-473
Journal	Journal of Small Business Management
Volume	44
Issue number	3
DOIs	https://doi.org/10.1111/j.1540-627X.2006.00182.x
Publication status	Published - 2006

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 17 Partnerships for the Goals

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Life Cycle Characteristics of Small Professional Service Firms

Abstract

UN SDGs

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