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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
What can Big Al teach us about leadership?
Why we are here?




      The tornado of changes from CPA Vision Project circa 2000
Welcome to the New Normal aka the
         Extreme Future!
1. Increased speed
2. Increased complexity
3. Increased risk
4. Faster pace of change
5. Surprises everywhere
and everyday

Dr. James Canton – author of The Extreme Future
We can choose to harness the
      winds of change




      The tornado of changes from CPA Vision Project circa 2000
Humans are fundamentally
   “sight” creatures
        We need longer sightlines
         during periods of rapid
                change



               And the power of
               making our
               thinking visible to
               others…
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
Leadership is…
The ability to gain insights and the
aptitude to turn them into action –
         Insights to Action

  - Tom Hood & Gretchen Pisano

(one without the other is either useless or destructive)
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 moment


Ability to make
your thinking                 Strategic
visible to others             Thinking

  Collaborative and
  curious with the ability                      Network
  to ask powerful questions                    Leadership

      Capable of engaging and
      Inspiring people

                                                                                 9
How is leadership changing?




“What got you here won’t get you there.”
                    – Emmanuel Gobillot - Leadershift
Leadership is Alignment

 •   Engagement
 •   Alignment
 •   Commitment
 •   Accountability



“First I get all of my men facing the same direction.”
                                     - Napoleon
Leadership is Connect & Collaborate!
From: Command & Control



To: Connect & Collaborate
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)
Know thyself
Strengths-Based Leadership
     Self-awareness in the moment



Leadership based on positivity, that seeks to build
  on individual and organizational strengths and
collaborates to continuously learn. It is constantly
   considering the context and asking powerful
   questions, learning, reflecting, and creating
             pathways to the future.
Leader as facilitator of powerful questions

                       The four most
                     important words
                     for organizations
                     are, “what do you
                           think?”
                        - Tom Peters
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, and
sticky notes (The i2a way)
Engaged conversations
MBSN! Management by Sticky Notes
Sharing by making your thinking visible
        & your ideas portable
How is leadership changing?
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
What do Young Professionals Need to
     become Future Leaders?
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
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
Leadership Wordle




  http://www.wordle.net
The wisdom of the crowd!
Engaging the Network

              +            +               =
What I knew   What I learned   The wisdom of   Fresh
coming into   while I was      the crowd       Perspective.
the room.     here.                            INSIGHTS!
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.
Some closing thoughts
“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 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.

Insight to action, one without the other is either useless or
destructive.”
                                  -Tom Hood & Gretchen Pisano
                                  co-authors of the i2a: Insights to Action
                                  Strategic Thinking System
     http://www.bizlearning.net/live/i2astrategicplanning
The only question for leaders


Have I made
you feel
stronger and
more capable?
Source: Emmanuel Gobillot -
LeaderShift
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
Tom Hood, CPA.CITP
               CEO
  Maryland Association of CPAs
   Business Learning Institute
         (443) 632-2301
     E-mail tom@macpa.org
  Web http://www.macpa.org
Blog http://www.cpasuccess.com
http://www,bizlearningblog.com
=


                          Leadership blogs:
                        www.cpasuccess.com
                      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
Plaxo: http://tomhood.myplaxo.com
Slideshare: http://www.slideshare.net/thoodcpa
Youtube: http://www.youtube.com/thoodcpa
Second Life avatar name: Rocky Maddaloni
Check our Customized Training Catalog out:
                       http://www.bizlearning.net

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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 speed 2. Increased complexity 3. Increased risk 4. Faster pace of change 5. Surprises everywhere and everyday Dr. 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 the aptitude 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 moment Ability to make your thinking Strategic visible 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 & Control To: Connect & Collaborate
  • 13.
  • 14. 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)
  • 15. Know thyself Strengths-Based Leadership Self-awareness in the moment Leadership based on positivity, that seeks to build on individual and organizational strengths and collaborates to continuously learn. It is constantly considering the context and asking powerful questions, learning, reflecting, and creating pathways to the future.
  • 16. Leader as facilitator of powerful questions The four most important words for organizations are, “what do you think?” - Tom Peters
  • 17. 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, and sticky notes (The i2a way)
  • 19. MBSN! Management by Sticky Notes Sharing by making your thinking visible & your ideas portable
  • 20. How is leadership changing?
  • 21. 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
  • 22. What do Young Professionals Need to become Future Leaders?
  • 23. 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
  • 24. 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
  • 25. Leadership Wordle http://www.wordle.net
  • 26. The wisdom of the crowd!
  • 27. Engaging the Network + + = What I knew What I learned The wisdom of Fresh coming into while I was the crowd Perspective. the room. here. INSIGHTS!
  • 28. 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.
  • 29. Some closing thoughts “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 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. Insight to action, one without the other is either useless or destructive.” -Tom Hood & Gretchen Pisano co-authors of the i2a: Insights to Action Strategic Thinking System http://www.bizlearning.net/live/i2astrategicplanning
  • 30. The only question for leaders Have I made you feel stronger and more capable? Source: Emmanuel Gobillot - LeaderShift
  • 31. 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
  • 32. Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute (443) 632-2301 E-mail tom@macpa.org Web http://www.macpa.org Blog http://www.cpasuccess.com http://www,bizlearningblog.com
  • 33. = Leadership blogs: www.cpasuccess.com 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 Plaxo: http://tomhood.myplaxo.com Slideshare: http://www.slideshare.net/thoodcpa Youtube: http://www.youtube.com/thoodcpa Second Life avatar name: Rocky Maddaloni Check our Customized Training Catalog out: http://www.bizlearning.net

Editor's Notes

  1. “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
  2. “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
  3. “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