Recently in Professional services Category
I am currently preparing a number of keynotes for senior business audiences over coming weeks. In preliminary conversations with one group I encountered a very common and deeply misleading view of how business is changing today. We engaged in discussions on “economic structural change”, that were in fact only about changes in industry composition. The
Continue reading Economic structural change is NOT industry compositional change
Last night was the announcement of the winners of the annual BRW Client Choice Awards. Each year Beaton Consulting compiles the opinions of large professional service clients – this year 40,000 of them – who collectively select the best professional service firms in Australia. The results are announced at a gala dinner and published in
Continue reading Professional services will be at the heart of our economic future
A few days ago I spoke at the opening dinner of a strategy offsite for a professional firm, on the topic of ‘Thinking About The Future‘. It is a very common style of engagement for me, being briefed to set the broadest possible mental frame for executives before their in-depth discussions on directions for the
This morning I gave the opening keynote at the Virtual Universities: Impact on Accounting Education Thought Leadership forum in Adelaide, organized by the Centre of Accounting, Governance and Sustainability at University of South Australia and the Institute of Chartered Accountants Australia. The audience was an invitation-only group of the most senior accounting academics and industry
Last week I gave a keynote at an internal conference of a large technology services firm that has recently acquired another firm. The conference brought together senior executives and managers from the two organizations so they could get to know each other and plan how they would work together with existing and new clients. A
Continue reading The 5 elements that enable expertise networks to flourish
The concept of disruptive innovation is now well-recognized in business. It was originally described by Clayton Christensen almost exclusively in terms of products – often technology-based – such as storage devices. Disruptive innovation can happen in any industry, however it can need translation and interpretation for other domains such as services. I recently I ran
Continue reading Disruptive innovation in professional services: the value in expertise
Back since the 1990s I have tracked the rise of virtual and distributed professional services models. They have progressed somewhat more slowly than I anticipated, but the trend is clear. Large professional firms are not in jeopardy, but significant and profitable aspects of their business are being eroded. One of the great examples is Axiom
Continue reading Axiom Legal and the rise of virtual professional services
Next week I will be giving the first in the First Mover series of seminars for professional services leaders organized by Beaton Research & Consulting. See here for the seminar series overview or the brochure for full details. The seminars will be held in Melbourne on 25 July and Sydney on 26 July, with a
Continue reading MegaTrends and the future of professional services – Melbourne and Sydney
When I wrote my first book, Developing Knowledge-Based Client Relationships, which came out in 2000 in its first edition, I thought of it in many ways as a stepping stone for me to gain credibility and move on to deal with broader issues. Yet still today the themes of the book are immensely relevant to
Continue reading Transforming clients and executives: How to enrich their mental models
The purchase by Havas of a majority stake in crowdsourced ad agency Victors & Spoils is a sign of a major shift in the advertising industry. I have written several times before about crowdsourced advertising agency Victors & Spoils. V&S Founder and CEO John Winsor spoke at our Future of Crowdsourcing Summit, and I have
Continue reading V&S acquired by Havas: A pivotal moment for crowdsourcing in advertising
In my first book Developing Knowledge-Based Client Relationships: The Future of Professional Services the final chapter was titled Value-Based Pricing: Implementing New Revenue Models. Pricing by value rather than time is clearly a central aspect to building true knowledge-based relationships, since knowledge should be measured by the value of its application rather than time spent
Continue reading Value based pricing is at the heart of the future of professional services
I am about to hop on a plane to Hawaii, where I will be running the ‘keynote workshop’ on Creating the Future of Professional Services for global accounting network DFK International’s annual North America conference on Maui. While it’s pretty crazy, I will only be there for as long as I spend travelling to Hawaii
Continue reading Workshop slides: Creating the Future of Professional Services


























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