aicpa edge 2011 - leadership in new normal for young professionals

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Today’s CPA: How to Succeed in the “New Normal” 1 Presented by: Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute AICPA E.D.G.E. Conference August 12, 2011 New Orleans, LA

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Today’s CPA: How to Succeed in the “New Normal”

1

Presented by:

Tom Hood, CPA.CITPCEO

Maryland Association of CPAsBusiness Learning Institute

AICPA E.D.G.E. ConferenceAugust 12, 2011New Orleans, LA

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 speed2. Increased complexity 3. Increased risk4. Faster pace of change5. 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

And the power of making our thinking visible to others…

We need longer sightlines during periods of rapid

change

Five Qualities of Extraordinary Leaders

1. Sight - Ability to see emerging patterns and shift perspective when necessary

2. Insight – Ability to think strategically and critically to gain insights

3. 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

LC

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 normalThree Critical Competencies

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Network Leadership

Strategic

Thinking

Strengths-Based

Leadership

Self-awarenessIn the moment

Built on strengthsand positivity

Future-mindedand flexible mindset

Collaborative andcurious with the abilityto ask powerful questions

Capable of engaging andInspiring people

Ability to make your thinking visible to others

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

From: Command & Control

To: Connect & Collaborate

Leadership is Connect & Collaborate!

From: Push

To: Pull

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)

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.

Know thyselfStrengths-Based Leadership

Self-awareness in the moment

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 NotesSharing 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!

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

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 Pisanoco-authors of the i2a: Insights to Action

Strategic Thinking Systemhttp://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.CITPCEO

Maryland Association of CPAsBusiness Learning Institute

(443) 632-2301E-mail [email protected]

Web http://www.macpa.orgBlog http://www.cpasuccess.comhttp://www,bizlearningblog.com

CONNECT – PROTECT - ACHIEVE

=

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.comSlideshare: http://www.slideshare.net/thoodcpaYoutube: http://www.youtube.com/thoodcpa

Second Life avatar name: Rocky Maddaloni

Check our Customized Training Catalog out:

http://www.bizlearning.net