From a theoretical perspective, management science distinguishes clearly between the concepts of a strategy, and the business model used to drive the firm and achieve that strategy. The two can overlap when it comes to strategy implementation, though, because actions intended to achieve strategic objectives also impact the business model.
Does this matter, in practical terms? If so, of what do law firm leaders need to be mindful when thinking about either concept? In this short article published by the Law Management Section of the Law Society of England & Wales today, Rob offers an approach to law firm business models that is client-centric and focused on transformation.
Click here to read on the Law Society’s website, or scroll down for more.
Continue Reading Business model or strategy? What’s the difference? Does it matter?