The opportunities to grow come from world globalization and constant change. In the prosperous economies, the number of entities is steadily increasing resulting in a growth of a market competition. The …show more content…
As the global firm employs a lot of staff, it is quite hard to maintain high culture and values as well as implement new rules all around the globe in respect that the mistake of one member influences the reputation of the whole company. So the company is not flexible to the changing market circumstances. Middle-class businesses do not tend to use the global firms’ services as there are concerns about the amount of the attention paid to such clients (Ding 74). Also, the price for services of global companies is higher than for local ones. When entering the new markets, the brand recognition may be a problem. Another three auditing global firms are real competitors for PricewaterhouseCoopers especially in the sphere of working hours, career development and salary for their employees, and other than audit services (Butcher