Advantages of combining multiple business models

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Various consultancy firms try to implement 'new' business models without (being able to afford) abandoning their traditional model, which is characterized by deploying consultants against a fee based on an hourly rate. They combine various business models - such as success fees, value pricing, subscriptions based on software - under one roof. Some argue that professional services firms should stick to one business model and that combinations of business models may jeopardize the firm's stability. This is challenged today.

Identify two risks or disadvantages and two possible synergies or advantages of combining multiple business models in one consultancy organization

Reference no: EM133055062

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