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Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career
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Presentation To Ascend Chicago Chapter On How To Manage Change In A Professional Career

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I gave this presentation on March 19, 2010 to a group of member professionals of the Chicago Chapter of ASCEND. The topic was to discuss how professionals can effectively manage their careers in an …

I gave this presentation on March 19, 2010 to a group of member professionals of the Chicago Chapter of ASCEND. The topic was to discuss how professionals can effectively manage their careers in an ever changing business environment.

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  • Six important character principles to emphasize. It must start with you. Chinese proverb – Develop self, unite family, strengthen nation, peace on earth. Your sphere of influence must radiate outward in an ever increasing fashion from your core character.
  • Famous quote from 60’s movie “Cool Hand Luke” with Paul Newman’s famous line, “What we have here is a failure to communicate.” Communication is a complex process where things can go wrong at multiple junctures. Schematic should help in focusing on what and how we communicate. My preference is 1) face to face, 2) voice to voice, 3) voice mail, 4) email.
  • Transcript

    • 1. How to Successfully Manage Change in a Professional Career Presented by Tom Tam March 19, 2010 All rights reserved by T & M Advisors 03/26/10
    • 2. Objectives for Today <ul><li>Share change management principles learned from personal and professional experiences </li></ul><ul><li>Discuss key core competencies to increase value-add proposition for today’s professionals in highly competitiveness business environment </li></ul><ul><ul><li>Financial </li></ul></ul><ul><ul><li>Operational </li></ul></ul><ul><ul><li>Enterprise Risk Management </li></ul></ul><ul><li>Discuss how professional planning and development will address competency gaps to promote professional growth and success </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 3. A Personal Journey of Managing Change <ul><li>It all began as a young boy…experienced failure for first time and learned to put aside fear </li></ul><ul><li>Big Four public accounting taught me much about change management – early in my career with KPMG, later on with PwC </li></ul><ul><li>Learned key to effectively manage change is to follow time-proven unchanging success principles </li></ul><ul><li>It must all start with one’s character </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 4. Win-Win Character Principles <ul><li>Communicate, communicate, communicate </li></ul><ul><ul><li>Don’t isolate yourself </li></ul></ul><ul><ul><li>Learn the culture in which you work </li></ul></ul><ul><li>Internalize strong work ethic </li></ul><ul><li>Find your passion to align your talents </li></ul><ul><li>Be the servant, everyone is your customer </li></ul><ul><li>Exceed expectations – the 10 X approach </li></ul><ul><li>Never compromise on your integrity and ethics </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 5. Can You Relate? All rights reserved by T & M Advisors 03/26/10
    • 6. Communicate, Communicate, Communicate <ul><li>The Communication Process </li></ul>All rights reserved by T & M Advisors Source Encoding Channel Decoding Receiver Msg Msg Msg Msg Feedback Context 03/26/10
    • 7. Internalize Strong Work Ethic <ul><li>Understand the law of the harvest </li></ul><ul><li>Be a surplus person – produce more than what you consume </li></ul><ul><li>Be as debt free as possible, debt is a modern day slave master </li></ul><ul><ul><li>D ebt E ncourages B ondage T oday </li></ul></ul><ul><ul><li>D eceives E veryone B y T rickery </li></ul></ul><ul><ul><li>D on’t E ver B e T empted </li></ul></ul><ul><li>Enjoy freedom of being in control </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 8. Find Your Passion To Align Your Talents <ul><li>Do what you love and love what you do – “Got to love it” </li></ul><ul><li>“ Where the needs of the world and your talents cross, therein lies your vocation.” – Aristotle </li></ul><ul><li>Execute with excellence </li></ul><ul><ul><li>Set stretch goals </li></ul></ul><ul><ul><li>Develop outcome driven metrics to measure results </li></ul></ul><ul><ul><li>Causal relationships to drive proper behavior </li></ul></ul>All rights reserved by T & M Advisors 03/26/10
    • 9. Be The Servant…Everyone Is Your Customer <ul><li>Adding value is to serve unmet needs </li></ul><ul><li>Bring relevance to the table </li></ul><ul><ul><li>Value proposition through eyes of constituents </li></ul></ul><ul><ul><li>Simplicity leads to sustainability – KISS principle </li></ul></ul><ul><ul><li>Solutions must be cost effective and actionable </li></ul></ul><ul><ul><li>Emphasis on principles, not procedures </li></ul></ul><ul><li>Serving others creates positive energy that promotes growth and abundance </li></ul><ul><li>Waiting to be served creates self-centered entitlement feeling that promotes conflicts in self and others </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 10. Exceed expectations – the 10 X approach <ul><li>Understand expectations early to effectively manage </li></ul><ul><li>The what, why, when, who, and how </li></ul><ul><li>The “Can’t Fail” law to live by – If you want X, I will give you 10X </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 11. Never Compromise on Integrity and Ethics <ul><li>The end never justifies the means </li></ul><ul><li>Do the right things for the right reasons </li></ul><ul><li>Have fiduciary mindset </li></ul><ul><li>Everyone will be tested </li></ul><ul><li>Personal experience </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 12. Key Professional Core Competencies Required To Succeed All rights reserved by T & M Advisors 03/26/10 Financial Operational Enterprise Risk Management
    • 13. Financial Competency Principles <ul><li>Money is a tool </li></ul><ul><ul><li>Allocate resources on the front end toward corporate goal of serving customer needs </li></ul></ul><ul><ul><li>Keep score on the backend through financial reporting on how well customer needs are met </li></ul></ul><ul><li>Money is never the end goal in itself </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 14. Operational Competency Principles <ul><li>Corporate objectives are operationalized through </li></ul><ul><ul><li>People </li></ul></ul><ul><ul><li>Processes </li></ul></ul><ul><ul><li>Systems </li></ul></ul><ul><li>People (human resources) should be viewed as potential appreciating assets, not an expense on the P&L </li></ul><ul><li>Processes – Follow the cash and follow the data to understand the business </li></ul><ul><li>Systems – Link between people and processes </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 15. Enterprise Risk Management (ERM) Competency Principles <ul><li>Risks and returns are generally correlated </li></ul><ul><li>Risk is not to be viewed only negatively, as we are reminded by the maxim “No pain, no gain” </li></ul><ul><li>Often risks create many opportunities to serve unmet needs </li></ul><ul><li>Understanding of risk profile will enable decision makers to make informed, risk-based decisions </li></ul><ul><li>Understanding risks relative to each other is just as important as those that are easily quantifiable </li></ul>All rights reserved by T & M Advisors 03/26/10
    • 16. Risk Assessment and Risk Management Principles All rights reserved by T & M Advisors Knowing your business, your customers, and stakeholders Evaluating the right things (what & why) Identifying and linking strategies, operations, with risks Knowing what, why and how you are addressing risks & gaps in operations Evaluating things right (the how) Management execution (target, align, manage) 03/26/10 Risk Assessment Risk Management Requirement Goal Emphasis
    • 17. <ul><li>Definition of Risk Profile </li></ul><ul><li>High Risk – (HH) High severity and high likelihood of inherent risk. Resources should be allocated to address risk transfer or mitigation. </li></ul><ul><li>Medium Risk – (LH) or “death by a thousand cuts”, and (HL) or “tsunami event” type risks are medium risks that require management judgment to either transfer, accept or mitigate risk. </li></ul><ul><li>Low Risk – (LL) Low inherent risk issues are typically accepted by the risk owners and do not justify allocation of valuable resources to address. </li></ul>Risk Matrix All rights reserved by T & M Advisors Likelihood Severity HL HH LL LH 03/26/10
    • 18. Professional Development Principles <ul><li>Invest the time, it’s your career </li></ul><ul><li>Find a mentor/coach who really cares about you and your professional progression </li></ul><ul><li>True learning occurs when </li></ul><ul><ul><li>You are told what to do </li></ul></ul><ul><ul><li>You are shown what to do </li></ul></ul><ul><ul><li>Your mentor/coach does it with you </li></ul></ul><ul><li>&quot;Tell me and I forget. Teach me and I remember. Involve me and I learn.” Benjamin Franklin </li></ul>03/26/10 All rights reserved by T & M Advisors
    • 19. Target, Align, Manage (TAM) <ul><li>Know where you came from and where you are, so you can get to where you want to go </li></ul><ul><li>Target – Develop clear vision of where you want to be </li></ul><ul><li>Align – Understand gaps between where you are today and where you want to be </li></ul><ul><li>Manage – Develop professional development plan to address the gaps </li></ul>03/26/10 All rights reserved by T & M Advisors
    • 20. Development Plan Fundamentals <ul><li>Keep an updated resume – outcome driven, shows what you have accomplished </li></ul><ul><li>Do a talents, skills, strengths and weaknesses inventory – shows where you are and what you have to offer </li></ul><ul><li>Develop vision of what you want to be – establishes direction of where you want to go </li></ul><ul><li>Perform gap analysis </li></ul><ul><li>Develop action plan, set goals, be accountable </li></ul>03/26/10 All rights reserved by T & M Advisors
    • 21. Questions? All rights reserved by T & M Advisors 03/26/10

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