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Swot Analysis Of Crowe Horwath Llp

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IPW 1
Jimenez, Ivan
Prof: Cerveny, Janice

Crowe Horwath LLP

Description of the industry
Crowe Horwath LLP is one of the largest public accounting, consulting, and technology firms in the United States. Under its core purpose of “Building Value with Values,” Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk, and performance services (Crowe Horwath LLP, 2016).
This huge industry counts with offices coast to coast and 3,000 personnel. In addition, Crowe is recognized by many organizations as one of the country 's best places to work; indeed, a perfect competitive advantage to outperform its competitors (Crowe Horwath LLP, …show more content…

This provides a significant advantage to new entrants in keeping overhead low. Either way, bargaining power of landlords is limited for any industry.
Second, offshoring of processing work will reduce the bargaining power of the labor market. That said, there will always be demand for highly skilled, client facing accountants. Their bargaining power will increase, as firms move to entice these accountants to stay within the practice instead of starting their own shop.
Lastly, despite the quick admission of new vendors, the bargaining power of software vendors remains the biggest concern for any type of business; this is due to the high switching cost associated with data migration and training.
3. The Bargaining Power of Customers: this differs on the variety of deal the client needs. While swapping costs continue high, the propagation of cloud technology recovers the mobility of customers, particularly for small business, general bookkeeping and tax services. Conversely, converting costs in specialist areas and corporate clients stay high, and are showing no signs of reduction any time soon.
4. The Risk of Substitutes: this force in specialist areas such as audit and assurance are unimportant on account of the regulatory environment. However, in the small business, general practice bookkeeping and tax space, substitutes such as self-service or online service solutions.
5. The Competitive Rivalry: accounting firms

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