top seven issues facing emerging leaders
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October 27-28, 2014
Presenter���Tom Hood, CPA, CITP, CGMA
Top Seven Issues Facing Emerging Leaders
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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/
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http://macpa.cnf.io""
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Download today’s slides at … www.SlideShare.net/thoodcpa
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Insights to Ac,on
“One without the other is either useless or destruc,ve”
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Vote for a question
Respond to Poll
Ask a Question
MACPA.CNF.IO Select your session and join the conversation
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What got you here won’t get you there
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ü Flexibility ü Team cohesion ü Collabora,on ü Supervisor support and
apprecia,on ü A clear career path ü Social responsibility
What do millennials want?
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The Shift Change
1. Leadership!2. Learning!3. Technology!4. Generations!5. Workplace!
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7 out of 10
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What’s Keeping young CPAs up at night? 1. Not enough ,me 2. Being reac,ve vs. proac,ve 3. Talent development 4. Keeping up 5. Growth (and opportunity) 6. Doing more with less 7. Informa,on overload
http://cpa.tc/54s
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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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11 things young professionals want you to know 1. More collabora,on. 2. More transparency. 3. Encourage ini,a,ve. 4. Focus on strengths. 5. Expect the unexpected. 6. Take ,me to save ,me. 7. Look beyond the billable hour. 8. Engage your team in your vision. 9. Be realis,c. 10. Train your staff and expect
accountability. 11. Take a financial risk on leadership. http://cpa.tc/54r
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Accounting Students
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Students: What do you want from your employer?
1. Flexibility & Work/Life Balance 2. Resources for Growth (training &
development) 3. Job Security 4. Diversity & Inclusion 5. Mentorship
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Tomorrow’s CPAs are: • Proactive • Flexible • Collaborative • Trustworthy • Future-focused • Balanced • Technological
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Four Themes from MACPA Leadership Academy
1. Communication 2. Collaboration 3. Anticipation 4. Talent Development
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www.blionline.org
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www.blionline.org
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CGMA Follows the Bounce!
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Your clients want the “new you” “I need you, but I don't need the old you. I need a new you who understands the transformation I’m going through as your customer. If you don’t, you're out of touch.” - Dan Burrus futurist
http://cpa.tc/1pt
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T
“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
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5 Things to Maximize Your Career
1. Context 2. Connections 3. Communication 4. Collaboration 5. Computers
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If content is king, CONTEXT is the kingdom.
- Will Avgerakis -AICPA
• Strengths • Values • Alignment
• Hindsight • Foresight • Insight
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Your Strengths & Skills
Your Purpose & Values
Your Companies Purpose & Values
Alignment
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Connections
I (We)
Source: Reid Hoffman, CEO Linked-In
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Communication Make your thinking visible to others
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Create your digital footprint…
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CEOs have a new strategy in the unending war for talent. They are crea,ng more open and collabora,ve cultures — encouraging employees to connect, learn from each other and thrive in a world of rapid change. Collabora,on is the number-‐one trait CEOs are seeking in their employees. – IBM Global CEO Study 2012
Collaboration
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Collaboration
#MBSN None of us is as smart as all of us! - Dr. Ken Blanchard
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Connections
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Conferences
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Computers
Use the tools, don’t let the tools use you – Francis McKenna @re:theauditors
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#RPD Radical Personal Development
Source: Tom Peters
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Outread the other guy!
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Tom’s Favorite Tools
“Use the tools, don’t let the tools use you.” – Francine McKenna @retheauditors
• Twiker • Linked-‐In • Blog • Slideshare.net • Evernote • Tweetdeck.com • Hootsuite.com • Zite.com • Kindle
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“You are the same today as you’ll be in five years except for two things – the books you read and the people you meet.”
- Charlie “Tremendous” Jones
#RPD #L>C Start: TODAY! Tomorrow: TOO LATE.
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Power of Purpose
Purpose People Products / Services Process Andy Berndt – Google Creative Lab
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Five Ways to Thrive in the Shift Change
1. Power of Vision, Purpose & Alignment 2. People - Strengths & Positivity (ROP) 3. Collaboration & Engagement 4. Learning & Development – L>C 5. Technology (RONI)
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MACPA Generational Symposium 1. Build cross-generational work
teams (collaborate, include, fun)
2. Communication & feedback 3. Involve in organizational
purpose 4. Define work-life success in
your organization 5. Embrace technology
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Disruption and RONI���The gap is widening, faster!
Source: Clayton Christensen, “Innovation Killers”
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A leader’s job is to define context and provide hope and inspiration..."
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Resources
AICPA - Young CPA Network http://cpa.tc/52h People to follow on twitter http://cpa.tc/4zw AICPA - CPA Horizons 2025 Report http://cpa.tc/529 The Shift Change in Accounting http://cpa.tc/527 BLI Express for Leaders http://cpa.tc/333 BLI Blog http://www.blionline.org/blog/ CPA Success blog http://www.cpasuccess.com
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http://cpa.tc/2u1
Resources
http://cpa.tc/2un
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Generational friction is a result of a lack of understanding and consideration -- on all sides. Let's stop putting the generations into buckets. Conversation among the generations brings perspective on how we can work together. Attention, millennials: You can't connect the dots on your career path at the beginning. You can only do that with experience. Start working, add value, do your best, then look for the doors that open for you along the way. Attention, everyone else: Millennials aren't selfish, uncaring job-hoppers. They just don't look at a job as a career until it helps them make a difference. Research shows most millennials would prefer not to job-hop. They're just looking for a job that provides meaningful work and the right schedule. There's often not enough emphasis on the "life" in "work / life balance." You have to attend life, too. New ways of working -- texting, social media, wearing earbuds in the office -- are management issues. If the work is getting done and the outcomes are great, who cares how we got to that point? What happens when generations define "success" differently? How do the conflicting definitions of success affect how we motivate, coach and encourage one another?
http://cpa.tc/58s
http://cpa.tc/4aa
Resources
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Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute (443) 632-2301 E-mail [email protected] Web http://www.macpa.org Blog http://www.cpasuccess.com Blog http://www.bizlearningblog.com
Follow me on:
✓ Twitter: http://www.Twitter.com/tomhood
✓ LinkedIn: http://www.linkedin.com/in/tomhood
✓ Facebook: http://www.facebook.com/thoodcpa
✓ Slideshare: http://www.slideshare.net/thoodcpa
✓ Youtube: http://www.youtube.com/thoodcpa