The following assignment consists of a theoretical overview about leadership and the characteristics of professional service firms as well as an analysis of the existing leadership model in professional service firms and the case for change in this topic.
Starting with the general definition of leadership, the assignment shows two different leadership models. On the one hand the assignment illustrates the situational leadership developed by Paul Hersey and Kenneth H. Blanchard and on the other hand the full range of leadership models adapted from Bass & Riggio.
In the next part the specific characteristics of professional service firms are illustrated, including the governance form and the knowledge as one primary asset. In this part the first theory-praxis transfer is made through analyzing the current leadership
model using the situational leadership as well as the full range of leadership models.
The characteristics of professional service firms leads in the next chapter which deals with the existing changes and uncertainty in the market and the facing challenges for professional service firms which need to be managed. In this context of
change, challenges and the existing talent war leadership is one of the primary factors for the success of these firms. Therefore the theory-praxis transfer is made through the alignment of the illustrated leadership models and the characteristics of professional service firms in relation to the facing challenges. The alignment shows that the existing business model of professional service firm has to change in different components including the organizational structure as well as the common
leadership model. Without changing the approach of leadership or even without any leadership professional service firms will lose their talents, carrying their specific knowledge to competitors.
The conclusion closed with a recommendation of a leadership model as well as relevant factors for a successful implementation considering the specific governance form of professional service firms especially the powerful position of partners.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Leadership models
- Situational leadership model
- The full range of leadership model
- Professional service firms
- Characteristics of professional service firms
- Leadership in professional service firms
- The case for change in professional service firms
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This assignment provides a theoretical overview of leadership and the characteristics of professional service firms, analyzing the existing leadership model in these firms and outlining the case for change. It explores different leadership models, examines the specific features of professional service firms, and analyzes the challenges they face in a changing market. The assignment then connects these elements, demonstrating how leadership plays a critical role in the success of professional service firms in the face of evolving industry dynamics.
- Leadership models and their application in professional service firms
- Characteristics of professional service firms and their impact on leadership
- The challenges facing professional service firms in a dynamic market
- The importance of leadership in navigating change and talent retention
- The need for a shift in leadership approaches and organizational structure
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter provides a brief overview of the topic and outlines the key concepts and issues to be explored in the assignment.
- Leadership models: This chapter examines two prominent leadership models: the situational leadership model developed by Hersey and Blanchard and the full range of leadership model adapted from Bass & Riggio. The chapter analyzes the strengths and weaknesses of each model and discusses their potential applications in different contexts.
- Professional service firms: This chapter focuses on the characteristics of professional service firms, highlighting their unique governance structure and the importance of knowledge as a primary asset. It also examines the leadership challenges specific to this industry.
- The case for change in professional service firms: This chapter explores the changing market dynamics and the challenges facing professional service firms, particularly in relation to talent retention and organizational structure. The chapter argues that traditional leadership approaches may no longer be sufficient to address these challenges.
Schlüsselwörter (Keywords)
Leadership, professional service firms, situational leadership model, full range of leadership model, change management, talent retention, organizational structure, governance, knowledge management, market dynamics, industry challenges.
- Quote paper
- Katja Fischer (Author), 2016, Leadership in professional service firms. The case for change, Munich, GRIN Verlag, https://www.grin.com/document/373811
