Strategic Leadership Practices and Performance of Micro, Small and Medium Law Firms in Nairobi City County.
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Date
2024
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Daystar University, School of Business and Economics
Abstract
Strategic leadership practices are seen as a critical component of any organization’s success in today's ever-changing and complicated environment. Micro, small and medium law firms (MSME) are becoming increasingly important in terms of employment, wealth creation, and the development of innovation in a country. Unfortunately, MSME law firms have considerable challenges with the practices employed by the leadership, and therefore do not reach their desired full potential. This study sought to provide more information by investigating the influence of strategic leadership practices and performance of MSME law firms in Nairobi City County. The study objectives included to investigate the influence of strategic direction on performance of MSME law firms in Nairobi City County, establishing the influence of talent acquisition and retention on performance of MSME law firms in Nairobi City County, evaluating the influence of leadership innovation capability on performance of MSME law firms in Nairobi City County and to evaluate the influence of legal framework on the performance of micro, small and medium law firms in Nairobi City County. The study used three theories namely: Upper Echelon’s theory, Strategic Leadership theory and Goal setting theory. Pretesting was conducted on 10 respondents from micro, small and medium law firms in Nairobi city county. The study used descriptive statistics to describe quantitative data which was analyzed using inferential statistics and Statistical Package for the Social Sciences (SPSS) software version 23 and correlational analysis was employed to ascertain the correlation between strategic leadership practices and performance. A census was done on 400 respondents from 400 micro, small and medium law firms. Further, the study used a structured questionnaire on a 5-point Likert scale for data collection and inferential statistics for data analysis. The findings revealed that a significant majority of the respondents, accounting for 84.1% or 244 respondents reported that strategic direction had a positive and significant effect on performance of Micro, small and medium law firms ,92.4% or 268 of the respondents reported that talent acquisition had a positive and significant effect on performance of Micro, small and medium law firms (mean=4.52, std.dev=1.58), 92.1% or 267 respondents reported that leadership innovative capabilities had a positive and significant effect on performance of micro, small and medium law firms (mean=4.47, std,dev=0.90) and 70.3% or 204 respondents reported that legal framework had a positive and significant effect on performance of Micro, small and medium law firms (mean=3.52, std.dev=1.02). The results of the study concluded that strategic leadership practices have a positive and significant influence on performance of Micro, small and medium law firms in Nairobi City County. The recommendation was that more research could investigate how law firms align their leadership strategies with broader market trends to enhance resilience and adaptability.
Description
MASTER OF BUSINESS ADMINISTRATION in Strategic Management
Keywords
Strategic leadership, Organization’s success, Micro, small and medium law firms (MSME)
Citation
Gachuru, C. W. (2024). Strategic Leadership Practices and Performance of Micro, Small and Medium Law Firms in Nairobi City County. Daystar University, School of Business and Economics.