Huntoon & Balbiera Essay Example | Topics and Well Written Essays - 500 words

Huntoon & Balbiera - Essay Example However, they should differentiate offering management consulting as an additional service. Auditing is the most logical choice because despite the decrease in profits from this service are from 2000 to 2001, it is still the most important aspect of the company's operations. This will allow them to have an edge over other auditing firms without the need to lower their costs, thus justifying their current fees. In terms of client industry, the company's future plans must focus on specializing in manufacturing. Municipal clients tend to stick with their auditing firm for as long as they perform satisfactorily. Hence, the firm must simply make sure that they continue to offer these clients with the best service possible in order to keep them. However, a market that the firm can potentially benefit from is manufacturing. With a 22 percent increase in its share of profits, manufacturing is the most logical choice for the company to focus on, if they decide to specialize. Specialization, however, may not be the best strategy for a firm like H&B.