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The Next Generation Leader- Navigators of Change

Tom Hood, CEO, Business Learning Institute & Maryland Association of CPAs

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If there is a conversation about the future of the profession, you're bound to hear Hood's name mentioned as one of the people leading the way. – Accounting Today

Tom Hood, CPA, CITP, CGMA

! Named the Second Most Influential in Accounting

by Accounting Today Magazine 2013 ! Top 150 Influencer by Linked-In ! Top 25 Influencers in Learning & HR by HR

Examiner ! Top 25 Public Accounting Thought Leaders by

CPA Practice Adviser ! Working on Learning Management with AICPA/

CPA2Biz, Cloud Curriculum, Performance Management /XBRL, Leadership & Generations

CEO Maryland Association of CPAs (MACPA) www.macpa.org Business Learning Institute (BLI) www.blionline.org

http://www.linkedin.com/in/tomhood/

Top Seven Issues - 2012 1.  Information overload (including accounting and tax

complexity) 2.  Work / life balance 3.  Generational issues and communications (including

upper management not sharing knowledge with the younger generation)

4.  Developing networking skills 5.  Keeping up with technology -- especially the cloud 6.  Finding career guidance 7.  Understanding social media benefits

CPA Success blog post http://cpa.tc/1ef

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HOW TO PROFIT FROM INNOVATION: Building the Agile Learning Organization

Historical Context – The Perfect Storm

•  Web 2.0 •  Globalization •  Generations

Source: Don Tapscott - Wikinomics

The New Normal - VUCA

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The Research

A 2012 survey by the Corporate Executive Board showed that 60% of organizations were experiencing a leadership shortage, an increase of 40 percentage points from the previous year.

67% #1 issue is developing leaders & succession

planning

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1.  A shortage of creative, agile leaders. 2.  Inability to rapidly develop workforce skills and capabilities. 3.  Ineffective collaboration and knowledge sharing.

Source: 2010 IBM Global Chief Human Resource Officer study

The top three issues facing human resources & talent development

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Shift Happens

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The  high  performers  in  our  survey  invest  more  in  talent,  focus  on  closing  skills  gaps,  have  more  customized  training  and  development  programs,  iden9fy  future  leaders  earlier  in  their  careers,  and  have  robust  succession  plans  in  place.  They  also  focus  more  on  “so=”  leadership  skills  such  as  the  ability  to  embody  the  organiza9on’s  culture  and  values  and  to  lead  effec9vely  in  a  complex  global  business  environment.  

Paradigm Shift

Source: E&Y Paradigm Shift: Building a new talent management model to boost growth

Our research methodology #MBSN

AICPA Leadership Academy / AICPA EDGE / MACPA Leadership Academy

The Next Gen CPA Leaders… 1.  are proactive, flexible, adaptive and collaborative by nature;

2.  have regained the trust of their clients and the public at large;

3.  have successfully bridged the profession’s “leadership gap” by focusing on succession planning, personal growth, and generational cooperation;

4.  have created the profession’s premier global industry standards and best practices;

5.  have redefined the profession through work / life integration, collaboration, and a team-first approach; and

6.  have earned a reputation as technological innovators.

Six Bold Steps 1. Professional unity 2. Work / life integration 3. The evolving nature of leadership and new leadership models

4. Proactive, goal-focused planning 5. Networked collaboration 6. Embracing and adopting new technologies

http://www.slideshare.net/thoodcpa/cpa-vision-2025

CPAs  are  trusted  advisors  who,  combining  insight  with  integrity  deliver  value  by:  

T  

Communica)ng  the  total  picture  with  clarity  and  objec9vity  Transla)ng  complex  informa9on  into  cri9cal  knowledge  

An)cipa)ng  and  crea9ng  opportuni9es    Turning  insights  into  ac)on  to  transform  vision  into  reality    

Work / Life Balance Doesn’t

The answer – know thyself & work/life integration

Work / Life Integration

•  Build on Strengths •  Create a Positive Work Environment •  Collaborate

Proactive Leadership���#Innovation

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New Leadership Models

From: To: Efficient Effective Command & Control Connect & Collaborate Hierarchy Network Push Pull Well managed Well led Good Great

“If you don’t have a vision for yourself or your organization, you will just get sucked into somebody else's vision”

Proactive Leadership���#Vision&Strategy

Networked Collaboration We may be moving to a world of networks

well led, as opposed to organizations well managed. You can't

really manage a network, but you can

help lead within a network. In any case,

networks are very alive and real and are

becoming building blocks.

Source: Jim Collins – Inc. Magazine Interview

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Your Competitive Advantage “It is hard to plan for the long-term future when you don’t know what is going to happen five minutes from now. Today, a competitive edge based solely on material advantage is thin and temporary; the edge quickly becomes the margin. The ability to define the edge, and the ultimate competitive advantage, is found in the smarts, heart and ingenuity of your people. That’s your powerhouse. Tap that, train it, focus it and mobilize it; now you’ve engaged a network and inspired a sustainable shift.

Embracing New Technologies

The answer – cloud, social media & collaboration

Social, Mobile, Cloud, Big Data

http://www.macpa.org/blog/category/6/technology-social-media

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Strategic Thinking – Constantly! Five Powerful Questions

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It’s about Engagement – Alignment - Commitment

“In  a  period  of  rapid  change  and  increasing  complexity,  the  winners  are  going  to  be  the  people  who  can  LEARN  faster  than  the  rate  of  CHANGE  and  faster  than  their  COMPETITION.”  

-­‐  Tom  Hood,  CPA.CITP.CGMA  10/29/13   T  

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hSp://cpa.tc/2qh    

theBounce 10,000 hour rule

Career Guidance T & V

An artist is someone who uses bravery, insight, creativity, and boldness to challenge the status

quo – Seth Godin - Linchpin

The CPA as Artist

And remember…

A leader’s job is to define context and provide hope and inspiration...!

Tom  Hood,  CPA.CITP  CEO  Maryland  Associa)on  of  CPAs  Business  Learning  Ins)tute  (443)  632-­‐2301  E-­‐mail  tom@macpa.org  Web  hQp://www.macpa.org  Blog  hQp://www.cpasuccess.com  Blog  hQp://www.bizlearningblog.com      

Follow  me  on:  

ü   TwiSer:  hSp://www.TwiSer.com/tomhood  

ü   LinkedIn:  hSp://www.linkedin.com/in/tomhood  

ü   Facebook:  hSp://www.facebook.com/thoodcpa  

ü Slideshare:  hSp://www.slideshare.net/thoodcpa  

ü Youtube:  hSp://www.youtube.com/thoodcpa  

ü Second  Life  avatar  name:  Rocky  Maddaloni  

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How can we help you keep your L>C?

•  Strategy & Alignment •  Curriculum tied to strategy •  I2a Leadership Academy •  BLI Leadership Express - on-

demand leadership support •  Social learning In a period of rapid change and

increasing complexity, the winners will be those organizations who can keep their rate of learning greater than the rate of change

and greater than their competition. – Tom Hood

http://cpa.tc/32r