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Managing Growth in a Professional Firm

   

Added on  2022-12-29

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Managing Growth in a
Professional Firm
Managing Growth in a Professional Firm_1

Table of Contents
INTRODUCTION ...........................................................................................................................................2
MAIN BODY .................................................................................................................................................3
Problem facing Falkner Wink firm ..........................................................................................................3
2. SWOT Factors of Falkner Wilks................................................................................................................4
2.1 Strength.............................................................................................................................................5
2.2 Weakness ..........................................................................................................................................6
2.3 Opportunity ......................................................................................................................................6
2.4 Threat ...............................................................................................................................................7
3 Structure Falkner......................................................................................................................................7
3.1 Background to organization structure ..............................................................................................7
3.2 Proposed organization structure ......................................................................................................8
4. Mapping the POM model in the case......................................................................................................9
4.1 Leadership style in Falkner................................................................................................................9
4.2 Culture in Falkner..............................................................................................................................9
4.3 Motivation of staff in Falkner...........................................................................................................10
CONCLUSION ............................................................................................................................................10
REFERENCES..............................................................................................................................................11
Managing Growth in a Professional Firm_2

INTRODUCTION
Managing growth is about to control the growth opportunities and make decisions
apparently (Rego, Lopes and Simpson, 2017). Problem Faulkner is facing related to the growth.
Leadership is further an issue in organization as employee satisfaction has went down in the
organization. IN the current time construction industry is facing a downfall where the sales of the
sector could go down especially after COVID. Changes like leadership decision-making,
resource management systems, employee payroll and other such changes needed to initiated. The
Cliff Falkner adopted the progressive leadership styles in which it took many decisions like
installing latest resources, training and many such decisions. The profit of the company has
increased as compare to previous financial years. This denote that company could address
growth in the business even after many issues.
MAIN BODY
Problem facing Falkner Wink firm
Falkner Wink firm was facing some crucial issues that was also challenging the overall
growth of the company. The main issues were related to leadership. This was among the key
issues which the organization is facing at this point in time. Leadership of Falkner Wink could
not deliver the effective level of outcomes as it was performing earlier (Godiwalla, 2018). Due to
the poor leadership management of the firm could suffer that created a negative environment and
culture in the organization. In recent time the organization required to face downfall in the
overall performance of organization which could challenge the organization in the market. The
miss management is another key issue which the firm is facing. Poor leadership can also be the
possible reason behind the miss management the organization could entertain. As the miss
management in the firm spoil every single functional direction associated with the organization.
In the Falkner Wink firm employees of company was also not clarified about the policies of
organization. This is also among the critical issue which organization is facing at this point in
time where the organization was constantly changing its policies that created several doubts in
the mind of employees (Adserias, Charleston and Jackson, 2017). Pricing policy of firm has also
been among the major issue which organization is facing. The prices company was charging was
economical but at the other side employees was charging extra profits that further could
Managing Growth in a Professional Firm_3

increases the overall prices charge by organization. The resources of company were also limited
that also created a negative impact over the operations of organization.
In case of any organization it is important that prices offer by organization do not change
constantly. There must be an assurance in favor of the customers towards the prices company
offer to its customers. Some of the partners where charging extra cost and some kept the prices in
a limit which created a certain amount of confusion in the mind of potential customers available
in market. Price is among the crucial factor influence the overall operations of organization. The
initial level of business operation also addresses the technical issue where organization was not
able to deal with its customers effectively. It could not address the issues and problems
customers facing in utilizing services of Falkner Wink firm that also reduced the overall
customer satisfaction in context to organization (Asif, 2019). IN case of any organization behind
the overall success and failure of organization level of customer satisfaction plat dominating role
in context to organization. If the organization cannot deliver high level of customer satisfaction
rate than it will directly harm the overall growth and development of organization in respective
market.
The completion in the market is also aggressive. This is also among the key challenge
which Falkner Wink firm was facing that they required to face strong competition from all the
well established companies along with the local and small or medium scale organization
delivering similar services. This has been among the major challenge or issue which company is
facing. Competing directly cut the overall growth rate of company and the possibility to achieve
the business outcome. Especially the sector Falkner Wink firm is dealing right now require
positive and strong brand value to attract the potential level of outcome (Ciulla and et.al., 2018).
The main issue was the organization is its small or low value and the scale of business is also
restricted at a small level that also resisted the brand value of the organization. All these issues
could harm and spoil the overall growth and development of organization. IF the organization
wants to attract strong growth possibility than it required to address all these issues and problems
in order to boost and enhance the overall growth of the Falkner Wink firm. Especially problems
in leadership at the organization is addressed as the main problem in case study. Other issues
related to the employees are only the reflection of the first issue faced by entity. Delegation was
also an isue that denote about the poor leadership of company. Structural errors are also detected.
Managing Growth in a Professional Firm_4

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