AICPA Edge 2011 - Leadership in New Normal for Young Professionals

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How is Leadership Changing? What do Young Professionals need to succeed in this New Normal?

This closing keynote at the first AICPA EDGE Conference in New Orleans included a facilitated conversation with this group of over 100 young professionals.

Tom Hood led the process with alumni form AICPA's leadership academy who have been taught the i2a: Insights to Action - Strategic Thinking System. They led table discussions and used sticky notes to make their ideas portable and their thinking visible to others. The results are on slides 17-26.

We are quickly moving from command & control to connect & collaborate and these young leaders understand these changing dynamics of leadership.

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  • “Strategic inflection points can be caused by technological change but they are more than technological change. They can be caused by competitors but they are more than just competition. They are full-scale changes in the way business is conducted, so that simply adopting a new technology or fighting competition as you used to is no longer sufficient.“They build up force so insidiously that you may have a hard time even putting your finger on what has changed, yet you know something has.[It’s that time] when something is changing in a big way, when something is different, yet when you are so busy trying to survive that the signals of change only become clear in retrospect.” – Andy Grove – Former CEO of Intel author of Only the Paranoid Survive
  • “Strategic inflection points can be caused by technological change but they are more than technological change. They can be caused by competitors but they are more than just competition. They are full-scale changes in the way business is conducted, so that simply adopting a new technology or fighting competition as you used to is no longer sufficient.“They build up force so insidiously that you may have a hard time even putting your finger on what has changed, yet you know something has.[It’s that time] when something is changing in a big way, when something is different, yet when you are so busy trying to survive that the signals of change only become clear in retrospect.” – Andy Grove – Former CEO of Intel author of Only the Paranoid Survive
  • “Strategic inflection points can be caused by technological change but they are more than technological change. They can be caused by competitors but they are more than just competition. They are full-scale changes in the way business is conducted, so that simply adopting a new technology or fighting competition as you used to is no longer sufficient.“They build up force so insidiously that you may have a hard time even putting your finger on what has changed, yet you know something has.[It’s that time] when something is changing in a big way, when something is different, yet when you are so busy trying to survive that the signals of change only become clear in retrospect.” – Andy Grove – Former CEO of Intel author of Only the Paranoid Survive
  • AICPA Edge 2011 - Leadership in New Normal for Young Professionals

    1. Today’s CPA: How to Succeed in the “New Normal” AICPA E.D.G.E. Conference August 12, 2011 New Orleans, LA Presented by: Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute 1
    2. What can Big Al teach us about leadership?
    3. Why we are here? The tornado of changes from CPA Vision Project circa 2000
    4. Welcome to the New Normal aka the Extreme Future!1. Increased speed2. Increased complexity3. Increased risk4. Faster pace of change5. Surprises everywhereand everydayDr. James Canton – author of The Extreme Future
    5. We can choose to harness the winds of change The tornado of changes from CPA Vision Project circa 2000
    6. Humans are fundamentally “sight” creatures We need longer sightlines during periods of rapid change And the power of making our thinking visible to others…
    7. Five Qualities of Extraordinary Leaders 1. Sight - Ability to see emerging patterns and shift perspective LC 2. 3. when necessary Insight – Ability to think strategically and critically to gain insights Create – Seek high leverage opportunities that build on your strengths 4. Communicate - Ability to make your thinking visible to others and the ability to collaborate inside and outside your organization 5. Inspire – Ability to mobilize support and engage others involved in doing the work to join you in ACTION
    8. Leadership is…The ability to gain insights and theaptitude to turn them into action – Insights to Action - Tom Hood & Gretchen Pisano(one without the other is either useless or destructive)
    9. Leadership in the new normal Three Critical Competencies Built on strengths Strengths- and positivity Future-minded Based Self-awareness and flexible mindset Leadership In the momentAbility to makeyour thinking Strategicvisible to others Thinking Collaborative and curious with the ability Network to ask powerful questions Leadership Capable of engaging and Inspiring people 9
    10. How is leadership changing?“What got you here won’t get you there.” – Emmanuel Gobillot - Leadershift
    11. Leadership is Alignment • Engagement • Alignment • Commitment • Accountability“First I get all of my men facing the same direction.” - Napoleon
    12. Leadership is Connect & Collaborate!From: Command & ControlTo: Connect & Collaborate
    13. Finding Your Edge… • Strategic thinking – all of the time • Make your thinking visible to others • The power of We – Collaboration • Innovate by finding your edge (Strengths, Positivity, Opportunities)
    14. Know thyselfStrengths-Based Leadership Self-awareness in the momentLeadership based on positivity, that seeks to build on individual and organizational strengths andcollaborates to continuously learn. It is constantly considering the context and asking powerful questions, learning, reflecting, and creating pathways to the future.
    15. Leader as facilitator of powerful questions The four most important words for organizations are, “what do you think?” - Tom Peters
    16. Leadership Mindstretcher Exercise• How is leadership changing?• What are the Top 5 needs/wants to be a great future leader?A blank sheet of paper, powerful questions, andsticky notes (The i2a way)
    17. Engaged conversations
    18. MBSN! Management by Sticky NotesSharing by making your thinking visible & your ideas portable
    19. How is leadership changing?
    20. How is Leadership changing?• More democratic – moving from push to pull• Flexible & adaptable – capable of responding to faster rates of change• Increased risk & less time to make decisions• Continuous learning (L>C) for individuals and organizations• Need for more younger leaders• Long-range vision + strong core values
    21. What do Young Professionals Need to become Future Leaders?
    22. What do young professionals need to be leaders?• “Soft skills” broader and more diverse knowledge in leadership, management, change & business development• Ability to tap into networks (AICPA, others) to continuously learn (including social media)• Learn and teach collaboration, & leadership• How to embrace change and be flexible & adaptable• Learn how to lead teams• Bridge the gap between “older leaders” and “younger leaders”• Learn about themselves (Strengths-based leadership) so they can be more purposeful, proactive & motivated
    23. What I learned from these young leaders…• Stop – Breathe – Dream!• Leverage collective knowledge of diverse teams to make better decisions (collaboration)• Position does not (always) equal leadership – you can lead from any seat• Empowerment is more powerful than power
    24. Leadership Wordle http://www.wordle.net
    25. The wisdom of the crowd!
    26. Engaging the Network + + =What I knew What I learned The wisdom of Freshcoming into while I was the crowd Perspective.the room. here. INSIGHTS!
    27. Insights to Go!is a custom i2a application designed and developed by BLI and SBI • www.bizlearning.net © 2011 “CPA Horizons 2025.” All rights reserved.
    28. Some closing thoughts“It is hard to plan for the long term future when you don’tknow what is going to happen five minutes from now.Today, a competitive edge is thin and temporary; the edgequickly becomes the margin. The ability to define theedge, and the ultimate competitive advantage, is found inthe smarts, heart and ingenuity of your people - thats yourpowerhouse. Tap that, train it, focus it and mobilize it; nowyouve engaged a network and inspired a sustainable shift.Insight to action, one without the other is either useless ordestructive.” -Tom Hood & Gretchen Pisano co-authors of the i2a: Insights to Action Strategic Thinking System http://www.bizlearning.net/live/i2astrategicplanning
    29. The only question for leadersHave I madeyou feelstronger andmore capable?Source: Emmanuel Gobillot -LeaderShift
    30. Links • Strategic Planning – http://www.bizlearning.net/live/i2astrategicplanning • Future Forums – http://www.bizlearning.net/live/i2afutureforums – Leadership Development – http://www/bizlearning.net/live/i2aleadership • Customized Training – http://www.bizlearning.net/learningcenter/ • Search our Catalog – http://www.bizlearning.net/learningcenter/customizedtr aining/BLI_catalog.cfm
    31. Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute (443) 632-2301 E-mail tom@macpa.org Web http://www.macpa.orgBlog http://www.cpasuccess.comhttp://www,bizlearningblog.com
    32. = Leadership blogs: www.cpasuccess.com www.bizlearningblog.comFollow me on: Twitter: http://www.Twitter.com/tomhood LinkedIn: http://www.linkedin.com/in/tomhood Facebook: http://www.facebook.com/thoodcpaPlaxo: http://tomhood.myplaxo.comSlideshare: http://www.slideshare.net/thoodcpaYoutube: http://www.youtube.com/thoodcpaSecond Life avatar name: Rocky MaddaloniCheck our Customized Training Catalog out: http://www.bizlearning.net

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