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Presentation to the national AAA Practice Management Conference in Louisville, KY. How do you deal with the new whitewater economy? How has leadership changed?Tom offers some new ways to think about leadership, covering the i2a: Insights to Action Strategic Thinking System as a foundation to leadership competency. This system has been used in leadership development, collaborative strategic planning, and future forums to get people thinking differently about the future.
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Insights to Action: Leadership & Strategic Thinking for the New Normal
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Presented by: Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute
Association for Accounting Administration
Conference June 21-25, 2011
Lexington, KY
Will complexity increase or decrease?
Will the pace of change increase or decrease?
What does this mean to our organizations & our people?
Welcome to 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
Why we are here?
The tornado of changes from CPA Vision Project circa 2000
What your getting from today:
• How to “think strategically” all the time
• How to develop leadership skills for turbulent times
• How to engage your network so that people will want to follow you
• How to share the insights from this conference when you go back home
Humans are fundamentally “sight” creatures
And the power of making our thinking visible to others…
We need longer sightlines during periods of rapid
change
Prepare for the Future! A short video from Future Forums
I2a: Insights to Action a Strategic Thinking
System
• Look back • Look around
• Look inside • Look outside
• Look ahead
Sight - Insight
Create – Communicate – Inspire!
Engagement – Alignment Commitment - Accountability
How is leadership changing?
“What got you here won’t get you there.” – Emmanuel Gobillot - Leadershift
Leadership conJnues to be one of the biggest challenges facing
business. Source: IBM Global CHRO Study
Workforce & Demographics – Are you ready for the shiO change?
Email Generation
Facebook Generation
• 5 Generations at work • Work-life balance line • The Digital divide
Welcome to the New Normal! The Workplace of the future is here
1. Freedom – The freedom to work when and where you want
2. CustomizaJon – My job my life 3. ScruJny – I know what you did last night 4. Integrity – Be a good company to work for 5. CollaboraJon – Teamwork 6. Entertainment – Work should be fun 7. Speed – Let’s make things happen now! 8. InnovaJon – Let me invent
“…when technology, demographics and global economics collide you are faced with a category six (6) business revolution”
– Don Tapscott & Anthony Williams - Wikinomics
From: Command & Control To: Connect & Collaborate
How Leadership gets it done is changing!
Leader as facilitator of powerful questions
The four most important words for organizaJons are, “what do you
think?” -‐ Tom Peters
Zappos – the future of work
Put the odds in your favor Leadership = MulJplicaJon
• 15 X – ROI strategy as process & alignment
• 8 X – Engagement & Trust • 3 X – PosiJvity • 20X – Return on Culture
Turbulent Jmes require new skills and new thinking
Source: Chief Learning Officer magazine
Grant Thornton report outlines 8 key areas for CFOs to focus on
1. Developing soft skills 2. Understanding and applying international accounting standards 3. Understanding complex accounting & auditing standards 4. Adapting to an evolving regulatory framework 5. Addressing new external reporting needs 6. Understanding ERP or IT systems & XBRL 7. Employing quantitative risk management techniques 8. Possessing specialized industry knowledge & company's non-financial business drivers
Technical Skills What
Soft Skills How
Organization Strategy & Purpose
Why
Another way to think about leadership in the new normal
Leadership in the new normal Three Critical Competencies
24 AICPA Leadership Academy – October 4-7, 2010 – Meeting summary by Business Learning Institute
Engage your Network
Boundary Crossing
Strategic Thinking
Strengths-Based
Leadership Self-awareness In the moment
Built on strengths and positivity
Future-minded and flexible mindset
Collaborative and curious with the ability to ask powerful questions
Capable of engaging and Inspiring people
Ability to make your thinking visible to others
Leadership based on posiJvity, that seeks to build on individual and organizaJonal strengths and
collaborates to conJnuously learn. It is constantly considering the context and asking powerful quesJons, learning, reflecJng, and creaJng
pathways to the future.
Strengths-‐Based Leadership Self-‐awareness in the moment
What I knew coming into the room.
+
What I learned while I was here.
The wisdom of the crowd
Fresh Perspective. INSIGHTS!
+ =
Engaging the Network
Wanted – people who can cross boundaries
Strategic Thinking & the ability to work across “boundaries”
The strength of weak ties can help keep L > C
Where to from here?
The tornado of changes from CPA Vision Project circa 2000
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.
I2a: Big Ideas Worksheet
Download your copy using the QR code
Turn your Flywheel
1. Make your thinking visible to others 2. CollaboraJon and the power of we 3. Find your edge and focus on opportuniJes
and build on your strengths 4. Strategy as process – replicate and focus
on stakeholders
CollaboraJon & the wisdom of the crowd
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.youtube.com/watch?v=w1TkFXX7F78
• Leadership Development – http://www/bizlearning.net/live/i2aleadership
• Customized Training – http://www.bizlearning.net/learningcenter/
• Search our Catalog – http://www.bizlearning.net/learningcenter/
customizedtraining/BLI_catalog.cfm
Tom Hood, CPA.CITP CEO
Maryland Associa8on of CPAs Business Learning Ins8tute
(443) 632-‐2301 E-‐mail [email protected]
Web hNp://www.macpa.org Blog hNp://www.cpasuccess.com hNp://www,bizlearningblog.com
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Leadership resources:
Leadership Academy www.bizlearning.net/live/i2aleadership
Strategic Planning www.bizlearning.net/i2astrategicplanning Follow me on:
ü Twitter: http://www.Twitter.com/tomhood
ü LinkedIn: http://www.linkedin.com/in/tomhood
ü Facebook: http://www.facebook.com/thoodcpa
ü Plaxo: http://tomhood.myplaxo.com
ü Slideshare: http://www.slideshare.net/thoodcpa
ü Youtube: http://www.youtube.com/thoodcpa
ü Second Life avatar name: Rocky Maddaloni
Check our Customized Training Catalog out:
http://www.bizlearning.net