Surviving the Shift Change in Accounting - #SageSummit

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Can you hear the shift change whistle? Because today the whistle is blowing for the accounting profession. The shift change is the transfer of the retiring baby boomers to the next generation of leaders who will be taking the helm in the next few years. Except this time it is not the same as the shipyard. This time the incoming shift will require a new set of skills and tools to continue the work of the prior shift. This time it is different. The cause of the shift change is the rapidly changing and complex hypercompetitive environment that has become the new normal. Tom uses research and extensive experience working with accounting firms to talk about the five fundamental shifts in play, leadership, learning, technology, generations, and the workplace, and what accounting leaders need to know to successfully navigate these changes.

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Surviving the Shift Change in Accounting - #SageSummit

  1. Surviving the Shift Change in Accounting! Tom Hood, CPA, CITP, CGMA ! @tomhood! MAX-407! ! #SageSummit! ! !
  2. The contents of this presentation were provided by individual(s) and/or company listed on the title page. The information and opinions presented in this presentation may not represent Sage’s positions, strategies, or opinions. Unless explicitly stated, Sage is not responsible for the content herein and no endorsements are implied. ©2014 Sage Software, Inc. All rights reserved. Sage, the Sage logo, and any product and service names mentioned herein are trademarks of Sage Software, Inc. or its affiliates. All other names used in this presentation are for informational purposes only and may be trademarks of their respective owners. #SageSummit   #  
  3. Tom Hood CPA, CITP, CGMA 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 •  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  of  Maryland  Associa9on    of  CPAs     Business  Learning  Ins9tute  
  4. What is the #1 reason organizations fail? “They miss the weak signals of disruptive change.” – Andrew Zolli
  5. “The greatest shortcoming of the human race is our inability to understand the exponential function.” – Albert A. Bartlett, Erik Brynjolfsson & Andrew McAfee, The Second Machine Age
  6. The Shift Change 1.  Leadership 2.  Learning 3.  Technology 4.  Generations 5.  Workplace
  7. Command & Control Episodic & Passive Systems of Record A placeyou go Connect & Collaborate JIT & Participative Systems of Engagement What you do Hierarchy Transactional On-Premise –  Customized Rigid, Cube farms Generation Gap Network Transformational SMAC – Social Mobile Analytics Cloud Open, Collaborative, Flexible Generation Lap New business models, practices and technologies are emerging The challenge & opportunity is to make the shift from the first curve to the second curve at the right time and with the right strategy
  8. Command & Control Episodic & Passive Systems of Record A placeyou go Connect & Collaborate JIT & Participative Systems of Engagement What you do Hierarchy Transactional On-Premise –  Customized Rigid, Cube farms Generation Gap Network Transformational SMAC – Social Mobile Analytics Cloud Open, Collaborative, Flexible Generation Lap
  9. Next Gen Leadership
  10. How? 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 From: To: Hierarchy Network Transactions Relationships Efficient Effective Well managed Well led Command & Control Connect & Collaborate Push Pull Good Great
  11. Learning
  12. Our Approach – The Four C’s •  Identify Competencies •  Career Path (Ladder) •  Curriculum •  Cloud Learning (On-Demand / JIT) The right talent with the right skills at the right time
  13. Technology
  14. Cambrian “Big Bang” Explosion
  15. "One out of five organizations has discovered a secret source of competitive differentiation. It allows them to serve customers in new ways and reimagine their business models. It can help surface valuable insights from their data and transform how they make decisions. It enables them to tap expertise from across their entire ecosystem. And one more thing: It helps these Pace-setters grow revenue and gross profit faster than other organizations. What’s their secret? It’s cloud computing – their engine for growth." – IBM Report, “Under Cloud Cover – How Leaders are Accelerating Competitive Differentiation”
  16. Generations
  17. Dealing with Generations •  Build on Strengths •  Create a Positive Work Environment •  Collaborate
  18. Workplace
  19. Work is not a place, it is what you do (wherever you are). – and – What you do while working is fundamentally different.
  20. What Would Rita Say? The Three T’s – Technology, Talent & Time “How would you think differently about your strategy if you knew your advantage might not last?”   Rita McGrath, Columbia Business School, Author – End of Competitive Advantage!
  21. Anticipation is Showing Up Across Our Profession
  22. CO-­‐  
  23. Think Big! Think New! Think Fast!
  24. 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   TwiCer:  hCp://www.TwiCer.com/tomhood   ü   LinkedIn:  hCp://www.linkedin.com/in/tomhood   ü   Facebook:  hCp://www.facebook.com/thoodcpa   ü Google  +:   hCps://plus.google.com/104372556333854919205   ü Slideshare:  hCp://www.slideshare.net/thoodcpa   ü Youtube:  hCp://www.youtube.com/thoodcpa   7/30/14   T  

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