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In 2014 The Parthenon Group merged with professional services firm EY forming the new entity EY-Parthenon. [8] [9] [10] The move was viewed as part of the continued efforts by the Big Four to move up the value chain from their traditional audit services into more lucrative areas of business, as well as to provide new points of entry to clients.
A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer.The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
None of the "firms" within the Big Four is actually a single firm; rather, they are professional services networks.Each is a network of firms, owned and managed independently, which have entered into agreements with the other member firms in the network to share a common name, brand, intellectual property, and quality standards.
David H. Maister (born July 21, 1947) is a former Harvard Business School professor, American writer and expert on business management practices and the management of professional service firms. He is best known for writing Managing the Professional Service Firm and co-writing The Trusted Advisor with Charles H. Green and Robert M. Galford.
Ernst & Young Global Limited, trading as EY, [6] [7] is a multinational professional services partnership. EY is one of the largest professional services networks in the world. [8] Along with Deloitte, KPMG and PwC, it is one of the Big Four accounting firms.
Firms with horizontal breadth have numerous product lines or types, whereas firms with vertical depth are integrated into various stages of the value chain. Generally, a firm's capabilities are specific to a particular scope direction, for example, marketing skills lead to horizontal breadth, and production expertise lead to vertical depth. [28]
Deloitte is the largest professional services network by revenue and number of employees in the world and is one of the Big Four accounting firms, along with EY, KPMG, and PwC. [5] [6] The firm was founded by William Welch Deloitte in London, England in 1845 and expanded into the United States in 1890. [7]
Certified Professional Services Marketer: CPSM: Society for Marketing Professional Services [125] Certified Protection Professional [126] CPP: ASIS International, International Foundation for Protection Officers: Certified Protection Executive CPE National Protective Services [127] Certified Protection Officer: CPO: International Foundation for ...