|
Books > Business & Economics > Business & management > Consultancy & grants for businesses
This book focuses on aspects of Industrial Mathematics (Networks;
Complex Systems and Behavioral Game Theory) and Theoretical
Computer Science (Behavioral Game Theory and Applied Math). Its
major contribution is that it introduces new models and "informal"
algorithms that solve social-choice problems (using behavioral Game
Theory), it introduces new mathematical proofs, and it introduces
new algorithms that prove that the Myerson-Satterthwaite
Impossibility Theorem is wrong or inapplicable. The
Myerson-Satterthwaite Impossibility Theorem has been a major
foundation theorem in various branches of Computer Science and
Applied Math. The book analyzes Industrial Organization, Mechanism
Design, Political Economy and Complex Systems issues in the global
accounting/consulting industry, the "Quasi-franchising industry"
and the global Credit Rating Agency (CRA) industry which are
currently some of the most international of all services
industries, and have or can have substantial effects on
international trade and international capital flows. During
2000-2019, the services sector in general expanded in many
countries and especially in emerging markets countries - and that
is having substantial effects on the evolution of national
economies. The objectives and achievements of this book are
multifaceted. It explains the macroeconomic, behavioral operations
research and political economy issues that affect and the evolution
of accounting/auditing firms, CRAs, management consulting firms and
environmental auditing firms. It also analyzes the types of
intra-company decisions and group dynamics and auditor-decisions
that can have significant effects on innovation and competition
within the accounting/consulting industry and (on clients'
industries) and on overall economic growth in nations. Furthermore,
it analyzes structural changes and antitrust problems in the global
accounting/consulting industry and the CRA industry and explains
how these antitrust problems and structural changes have worsened
climate change and corporate compliance with environmental
regulations. Among these topics the author also talks about issues
that affect audit contract, contracting between CRAs and issuers,
and industry structure and evolution by critiquing various existing
CRA business models and introducing new business models for the
future.
The authors of this book alert that professional services like law,
accountancy, and consultancy firms are set to face major
disruption. The most important driver and enabler are the new
technologies that help and in part substitute the work done by
professionals. The second important disruptor is the new generation
of professionals - "NewGen" - who are less interested in building
their careers in a hierarchical organization and more interested in
entrepreneurial challenges in small teams, with more rapid returns.
In the meanwhile, major service conglomerates - the "big four"
accounting firms, the "big three" consulting firms to name a few
examples - build their network using their brand and substantial
resources. All along, the relentless pressure from clients to
receive more services at lower cost continues. Medium-sized
professional firms as well as one-person independents appear to
suffer most from these disruptions and are most anxious to find new
ways to conduct their business. But the leaders of large firms also
feel that they are increasingly unable to support the innovative
entrepreneurship of their most promising professionals while their
organizations institutionalize and their overheads continue to
grow. This book proposes a new orientation and model of a
professional service firm as an answer to these challenges, by
creating a Professional Service Community. It is a synergistic team
of organizations that share a vision of their role in society and
main lines of their mission as well as the quality of their
deliverables and their key clients. At the same time, they are
independent in designing their internal business models - like
recruitment, training, knowledge management, and economics. The
Professional Service Community provides a unique and highly
attractive level of entrepreneurship, flexibility, and efficiency
to the benefit of its clients, partners, staff, and other
stakeholders. It is the way of the future.
|
|