25 Years since P2: Taking Stock and Charting the Future of Professional Firms

Smets, Michael, Morris, Tim, von Nordenflycht, Andrew and Brock, David M. (2017) 25 Years since P2: Taking Stock and Charting the Future of Professional Firms. Journal of Professions and Organization, 4 (2). pp. 91-111.

Abstract

In this article, we introduce the theme of the special issue, reviewing and analyzing 25 years of the professional partnership, or P2, stream of research. We structure our analysis around the three dimensions of control that structured the original P2 paper strategic, operating, and financial control—and their underlying drivers: knowledge intensity, professionalized workforce, and low capital intensity. We then introduce the five papers selected for the special issue, positioning each relative to the conceptual scheme of the research field as a whole. We then identify a set of themes
that are poised to dominate professional firm research for the next quarter century—namely internationalization, changing career and work–life preferences, de/re/regulation, and technology. These
analyses lead us to a new set of PSF dimensions, which we present as an emerging picture of this dynamic field of research and practice.

Item Type: Article
Date Deposited: 13 Nov 2018 16:14
Last Modified: 13 Nov 2018 16:14
URI: http://eureka.sbs.ox.ac.uk/id/eprint/7113

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