Chapter 5, Problem 13DQ

Summary Introduction

To explain:

The means by which organizations providing professional services would be affected by trends in population and the steps taken by such organizations in adapting to the same.

Introduction:

The professional services market worldwide is seen to be growing rapidly. It is expected to reach a growth rate of 5.4% from 2016 to 2020, with a value of U.S. $ 5 trillion. The said growth is due to the trends in population, which seems much dynamic within a fast paced environment at present. The need for increased levels of research, high usage of social media, virtual organizations and value oriented revenue models are some means firms need to focus on, with regard to the above.