Faculty of Economics and Business Administration Publications Database

Consulting success and contingent fees as important elements on the way to a theory of management consulting

Authors:
zu Knyphausen-Aufseß, Dodo
Rajes, Martin
Source:
Volume: 1
Number: 4
Pages: 393 - 413
Link External Source: Online Version
Year: 2009
Keywords: Consulting success; Consulting evaluation; Contingent fees; Management consulting theory
Abstract: This paper analyses the role of consulting success and contingent fees as two important pillars of a theory of management consulting. In view of public criticism, contingent fees are not only considered as a possible implication of the success evaluation of consulting activities, but also as an opportunity for strengthening the client''s position in the consulting process. However, the precondition for being able to agree on contingent fees is the determination of criteria and indicators to measure consulting success. Based on a process-oriented perspective, we show the interconnections between consulting success and contingent fees both of which being important elements to be considered on the way to a theory of management consulting.
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