Creative Services Firms
Encyclopedia
A creative services firm is a company that provides creative services
to other companies or to the public: they 'do creativity
' to order.
Typical business models revolve around selling the time of skilled professionals, either on a project-by-project basis, or through a service level agreement
and providing services on an ongoing basis for a fixed monthly fee. In this sense they share much in common with professional services firms but there are also key differences:
Creative services
Creative services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Creative Services also means a department within a company that does creative work such as writing, designing, and production. It is often a...
to other companies or to the public: they 'do creativity
Creativity
Creativity refers to the phenomenon whereby a person creates something new that has some kind of value. What counts as "new" may be in reference to the individual creator, or to the society or domain within which the novelty occurs...
' to order.
Typical business models revolve around selling the time of skilled professionals, either on a project-by-project basis, or through a service level agreement
Service Level Agreement
A service-level agreement is a part of a service contract where the level of service is formally defined. In practice, the term SLA is sometimes used to refer to the contracted delivery time or performance...
and providing services on an ongoing basis for a fixed monthly fee. In this sense they share much in common with professional services firms but there are also key differences:
- Creative services firms tend not to be bound by requirements for professional accreditationProfessional certificationProfessional certification, trade certification, or professional designation, often called simply certification or qualification, is a designation earned by a person to assure qualification to perform a job or task...
- There are low barriers to entryBarriers to entryIn theories of competition in economics, barriers to entry are obstacles that make it difficult to enter a given market. The term can refer to hindrances a firm faces in trying to enter a market or industry - such as government regulation, or a large, established firm taking advantage of economies...
for new startup businesses