The Shift Change in Accounting
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 that 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 shift change is different in five fundamental areas that are radically changing: 1. Technology - hyper-connected, mobile, social, cloud, and big data. 2. Generations - Generation gap, generation lap, and 2 for 1 (Boomers to Xers). 3. Workplace - Work is no longer a place we go, but what we do - open, collaborative, and flexible. 4. Leadership - A recent Harvard Business Publishing study found only 32% of business leaders believe that their organizations have the right leadership to achieve their strategic goals and cope with the current business environment. 5. Learning - L>C, flipped classrooms, participation and engagement are the new normal. The cause of the shift change is the rapidly changing and complex hyper-competitive environment which has become the new normal. The key to managing this shift change is a very simple, but very big idea - develop your talent and Keep your L>C. The winners of this shift change will be those who can keep their rate of learning greater than the rate of change and greater than their competition. This is true for the organizations as well as individuals. The secret to talent development and L>C is in the 4 C's - Competencies, Career Path, Curriculum, and Cloud Learning.
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The Shift Change in Accounting
- 3. 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
- 4. Yesterday the World Changed, Now It’s Your Turn - Mike Walsh
- 6. The Shift Change 1. Leadership! 2. Learning! 3. Technology! 4. Generations! 5. Workplace!
- 7. www.blionline.org HOWTO PROFIT FROM INNOVATION: Building the Agile Learning Organization
- 9. www.blionline.org • Identify Competencies • Career Path (Ladder) • Curriculum • Cloud Learning Our approach –The Four C’s The right talent with the right skills at the right time
- 10. theBounce
- 12. CGMA Follows the Bounce!
- 16. Curriculum design by BLI and AICPA usingTop 5 Competencies for future from CPA Horizons research and job levels from the BLI “Bounce” Model. Leadership and Communications were combined and the 5th category expanded to include practice specialties for firms and functional areas for corporate. Examples would include: Corporate Accounting, FPA, divisional reporting, shared services, etc. CPA Firms would have audit, tax, industry specialties. These technical areas would have specific curriculums designed to meet their specific technical competency needs.
- 17. www.blionline.org Learning as a Platform
- 18. www.blionline.org Learning as a Platform “If we could help learners manage their learning, I speculate that there would be as much as a 500 percent increase in benefits…” - Patricia McLagan – ASTD Magazine
- 21. Copyright 2013 - Business Learning Institute AICPA Navigator • A full featured Learning Management System • Integrated with a Compliance Tracking system for CPAs • Customized for your organization • Based on an Open Architecture for your own content • Including a Complete Curriculum designed by the CPA Profession
- 22. CloudLearning We see this system as a key recruitment and retention tool, allowing us to offer our people many of the things that the largest firms do - competency–based curriculum, career paths, and just-in-time learning, and our own custom DS learning center. - Allen DeLeon, Managing Partner!
- 23. www.blionline.org Engagement – Alignment - Commitment
- 25. www.blionline.org Your Competitive Advantage “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 based solely on material advantage 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.
- 26. www.blionline.org How can we help you keep your LC? • Strategy Alignment • Curriculum tied to strategy • I2a Leadership Academy • BLI Leadership Express - on- demand leadership support • Social learning In a period of rapid change and increasing complexity, the winners will be those organizations who can keep their rate of learning greater than the rate of change and greater than their competition. –Tom Hood http://cpa.tc/32r
- 27. 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 Tom Hood, CPA, CITP, CGMA 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 Maryland Association of CPAs (MACPA) www.macpa.org Business Learning Institute (BLI) www.blionline.org http://www.linkedin.com/in/tomhood/