Modeling Growth Strategies For Professional Service Firms

Business Prototyping Toolkit Meetup - Thursday, February 17, 2022 - 2 hours - English

Making professional service firms (PSFs) such as management consultants, IT consultants, creative agencies, and law firms grow is particularly hard for a number of reasons:

You are not only competing for customers but also for human resources. When there is a strong demand for services, there is mostly also a strong demand for fresh talent.

Training professionals and managing your firm's know-how is tough.

You need these professionals both to acquire new business and also to deliver the associated service.

If you do not do this well, you can easily end up with an oscillating business where you first have too much business, but too few professional resources, then you have too little business and too many resources, and so on. In this meetup, we will tackle this problem from a computational perspective, using the Business Prototyping Toolkit: we will first illustrate a simple dynamic model of professional service firms and then use that model to investigate alternative growth strategies.

The event will start with an online presentation – we will then open up a "virtual coffee lounge" with a video share and online whiteboard for post meetup discussions.

The meetup will take place on Thursday, February 17, 2022, at 16:00 and will last for 2 hours.

Upcoming Events
Economics of Analytics And Digitization
2 hours - 2022-01-27
Modeling Growth Strategies For Professional Service Firms
2 hours - 2022-02-17
Data-Driven Enterprise Architecture Management
2 hours - 2022-02-24
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