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October 2004 (Revised July 2006)
Background Note

Ownership Structure in Professional Service Firms: Partnership versus Public Corporation

By: Ashish Nanda

This case reviews the relative merits of partnership and public ownership structures in professional services firms. It also evaluates the various rationales for converting partnership professional services firms to publicly owned firms. Finally, the case highlights... View Details

Keywords: Private Ownership; Transition; Partners and Partnerships; Public Ownership; Service Industry

2007
Book

When Professionals Have to Lead: A New Model for High Performance

By: Thomas J. DeLong, John J. Gabarro and Robert Lees

For too long, professional services firms (PSFs) have relied on the "producer-manager" model, which works well in uncomplicated business environments. However, today's managing directors must balance conflicting roles, more demanding clients, tougher competitors, and... View Details

Keywords: Leadership; Management Practices and Processes; Service Operations; Performance Effectiveness; Strategy

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March 2011
Article

Accounting Scholarship That Advances Professional Knowledge and Practice

By: Robert S. Kaplan

Recent accounting scholarship has used statistical analysis on asset prices, financial reports and disclosures, laboratory experiments, and surveys of practice. The research has studied the interface among accounting information, capital markets, standard setters, and... View Details

Keywords: Corporate Disclosure; Asset Pricing; Risk Management; Surveys; Capital Markets; Measurement and Metrics; Valuation; Fair Value Accounting; Management Analysis, Tools, and Techniques; Financial Reporting

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Research Summary

Investment Decisions and Decision Problems in Professional Investment Management

Jay O. Light is evaluating strategic business decisions in the money management industry as well as problems that arise in the management of very large pools of tax exempt money, particularly pension funds and endowments. From this research he is developing teaching... View Details

August 2024
Technical Note

Managing Professional Relationships in the Modern Workplace

By: Christina R. Wing, Andrew Peddar and Dylan Torchinsky

March–April 1979
Article

Overcoming Fear and Change: A Professional Approach

By: Leonard A. Schlesinger and John P. Kotter

September 2000
Background Note

Professional Services Module Five: Serving Clients Effectively

By: Thomas J. DeLong, Ashish Nanda and Scot H. Landry

It is imperative for the internal systems and processes to be connected to the external processes of client management, competitive adaptation, and service delivery. View Details

Keywords: Competency and Skills; Customer Relationship Management; Knowledge Acquisition; Service Delivery; Performance Effectiveness; Adaptation; Competitive Strategy

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01 Jan 2009
Conference Presentation

The Current State of Professional Service Firms

By: Thomas J. DeLong

Keywords: Business Ventures

2013
Article

Inflated Applicants: Attribution Errors in Performance Evaluation by Professionals

By: S. A. Swift, D. Moore, Z. Sharek and F. Gino

When explaining others' behaviors, achievements, and failures, it is common for people to attribute too much influence to disposition and too little influence to structural and situational factors. We examine whether this tendency leads even experienced professionals... View Details

Keywords: Evaluations; Correspondence Bias; Selection Decisions; Attribution; Prejudice and Bias; Selection and Staffing; Decision Choices and Conditions; Performance Evaluation; Cognition and Thinking

Teaching Interest

Investment Managment for Professional and Personal Investors

By: Luis M. Viceira

IMPPI is suitable for all students interested in gaining a broad perspective on investing and the asset management business, including those targeting careers in asset management and those interested in learning how to become sophisticated consumers of investment... View Details

September 2013 (Revised February 2016)
Supplement

GlaxoSmithKline: Sourcing Complex Professional Services, Supplementary Materials

By: Heidi K. Gardner and Silvia Hodges Silverstein

2008
Case

Leading Professional Service Firms (LPSF) (Executive Education)

By: Julie Battilana

Keywords: Leadership; Employment Industry

January 2022
Course Overview Note

Strategy in Professional Service Firms: Course Introduction

By: Ashish Nanda

May 2003 (Revised March 2006)
Case

Carol Fishman Cohen: Professional Career Reentry (B)

By: Myra M. Hart, Robin J. Ely and Susan Wojewoda

Supplements the (A) case. View Details

Keywords: Work-Life Balance; Family and Family Relationships

October 2020
Background Note

Developmental Relationships

By: Ting Zhang and Leslie A. Perlow

This background note introduces readers to a new framework--the ASCEND model--through which individuals can view their professional developmental relationships. View Details

Keywords: Professional Development; Relationships; Framework; Personal Development and Career

1 Aug 1993
Conference Presentation

Social and Personal Influences on Professional Artist' Creativity

By: Teresa M. Amabile, E. Phillips and M. A. Collins

Keywords: Creativity; Arts; Social Psychology

Article

Building the Professional Firm: McKinsey & Co.: 1939-1968

By: Amar Bhidé

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06 Aug 2020
Research & Ideas

Who Will Give You the Best Professional Guidance?

of any or all make sense. Here is my perspective on the many ways available to get professional help. Adviser Most business advisers are domain experts or experienced operators in a particular area such as product, marketing, sales, and... View Details

Keywords: by Julia B. Austin

July 2008 (Revised December 2011)
Case

ghSMART & Co., 2006: Pioneering in Professional Services

By: Noam T. Wasserman and Ashraf Haque

Geoff Smart, founder and CEO of ghSMART & Co., wanted to build ghSMART into the #1 management-assessment firm for CEOs and investors. However, he had just received two pieces of very bad news: the demise of an existing project and the loss of a $1 million engagement he... View Details

Keywords: Business Startups; Decision Choices and Conditions; Entrepreneurship; Corporate Governance; Growth and Development Strategy; Organizational Structure; Service Industry

August 2013
Teaching Note

Multiasistencia: Redefining the Relationship with Its Service Professionals

By: F. Asis Martinez-Jerez

Multiasistencia, a major Spanish BPO of insurance repairs, is changing the relational contract with its service profesionals from a referral model to a guaranteed workload one. View Details

Keywords: Outsourcing; Incentives; Relational Contracts; Business Model; Motivation and Incentives; Job Cuts and Outsourcing; Contracts; Insurance Industry; Spain

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