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How to Profit from Innovation - The Agile Learning Organization
The document discusses how organizations can profit from innovation by building agile learning organizations, emphasizing the need for effective leadership, workforce skill development, and collaboration in response to contemporary challenges like globalization and rapid change. Research highlights a significant leadership shortage and outlines successful strategies employed by high-performing organizations, such as investing in talent and developing customized training programs. The key to competitive advantage lies in harnessing the creativity and capabilities of personnel to adapt to market demands and foster a culture of continuous learning.
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How to Profit from Innovation - The Agile Learning Organization
- 1. www.blionline.org How to Profitfrom Innovation: Building the Agile Learning Organization Tom Hood, CEO, Business Learning Institute & Maryland Association of CPAs
- 2. Moderator: Tom Hood • Named as fourth Most Influential in Accounting by Accounting Today Magazine • 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 Tom Hood, CPA, CITP, CGMA CEO MACPA www.macpa.org and Business Learning Institute (BLI) www.blionline.org http://www.linkedin.com/in/tomhood/
- 3. www.blionline.org HOWTO PROFIT FROM INNOVATION:Building the Agile Learning Organization
- 4. Historical Context –The Perfect Storm • Web 2.0 • Globalization • Generations Source: DonTapscott - Wikinomics
- 5. The New Normal- VUCA
- 6. www.blionline.org The Research A 2012survey 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
- 7. www.blionline.org 1. A shortageof 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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- 9. www.blionline.org 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
- 10. www.blionline.org • Innovation – makingchanges in anticipation of future trends and customer needs • Individual -The ability to analyze, and understand new situations and new business platforms in a timely (proactive) manner. • Organizational – Programs and processes designed to enhance its collective ability to acquire new knowledge and skills, and to stay ahead of the market. Source: Bersin & Associates Innovation = Agile Learning The right talent at the right time with the right skills
- 11. www.blionline.org • Career Path(Ladder) • Competency-based Learning • Curriculum • ComplianceTracking for CPAs • Content – world-classTechnical & Leadership Courses in multiple formats • Context – Line of sight to organization vision, mission, strategy & culture Our approach -The Six C’s
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- 15. T Curriculum designby BLI and AICPA usingTop 5 Competencies for future from CPA Horizons research and job levels from the BLI “Bounce” Model. Leadership and Communications were combined and the 5th category expanded to include practice specialties for firms and functional areas for corporate. Examples would include: Corporate Accounting, FP&A, divisional reporting, shared services, etc. CPA Firms would have audit, tax, industry specialties. These technical areas would have specific curriculums designed to meet their specific technical competency needs.
- 16. www.blionline.org Context - I2a:Insight to Action StrategicThinking Process
- 17. www.blionline.org 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.
- 18. www.blionline.org Engagement – Alignment- Commitment
- 19. www.blionline.org How can wehelp 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
- 20. Tom Hood, CPA.CITP CEO Maryland Associa8on of CPAs Business Learning Ins8tute (443) 632-‐2301 E-‐mail tom@macpa.org Web hNp://www.macpa.org Blog hNp://www.cpasuccess.com Blog hNp://www.bizlearningblog.com Follow me on: ü TwiEer: hEp://www.TwiEer.com/tomhood ü LinkedIn: hEp://www.linkedin.com/in/tomhood ü Facebook: hEp://www.facebook.com/thoodcpa ü Plaxo: hEp://tomhood.myplaxo.com ü Slideshare: hEp://www.slideshare.net/thoodcpa ü Youtube: hEp://www.youtube.com/thoodcpa ü Second Life avatar name: Rocky Maddaloni