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"The facts are these: associations will be tested by changes in the digital marketplace and through other forms of business disruption. They must challenge their members and leaders to tackle these changes head on—to absorb the insights of experts and futurists within their fields and outside, and not to rely on, but consistently work to enhance the value they bring to their networks."Great post about competition and associations and reinforces our notion that we (Maryland Association of CPAs) need to serve as the lookout post, the harbingers of the future for our members and our Profession. It is why we have invested in the work of a leading futurist, Daniel Burrus to create the Anticipatory Organization: Accounting & Finance Edition, and why we host our annual Innovation Summit to bring together the companies leading the transformation of accounting (Sage, XERO, Wolters Kluwer, Sharefile, CPA.COM, Tallie and others).  And why we have one of the top executives at Google talking to us about disruption and opportunity. 
 Right now there are innovators in Silicon Valley building apps that will capture membership to create frictionless, renewable revenue for their organizations. It is a threat all association leaders should take seriously. Some of these savvy innovators are household names—LinkedIn, Facebook, and Meetup—and there are hundreds of others, lesser known or unknown players, tomorrow’s biggest names in tech.CEOs of the most respected professional societ...
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Attention employers and CFOs - The Court referred back to the common law of trusts, “which provides that a trustee has a continuing duty – separate and apart from the duty to exercise prudence in selecting investments at the outset – to monitor, and remove imprudent, trust investments.”

Wise advice: "Keep a close eye on your recommended fund lineups and review your contracts with plan sponsors." and I would add make sure you know the quality of your auditor of these plans given the DOL's recent report about to be issued.
the common law of trusts, “which provides that a trustee has a continuing duty – separate and apart from the duty to exercise prudence in selecting investments at the outset – to monitor, and remove imprudent, trust investments.” the common law of trusts, “which provides that a trustee has a continuing duty – separate and apart from the duty to exercise prudence in selecting investments at the outset – to monitor, and remove imprudent, trust inve...
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WWGD if they were a CPA? Find out on June 23rd at the Innovation Summit http://blionline.org/cpa-summit/
You might have seen the iconic rubber wrist bands with the letters WWGD. Or read the book, What Would Google Do by Jeff Jarvis. Pictured at left is the Linear versus Exponential Growth Curve by Singularity University and Evolution partners in Australia. That acronym, WWGD, has become the mantra of people and organizations trying to make sense of this rapidly changing and complex world. To many it means the infamous Google 20% time for innovation,...
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80% of Top Company CEOs are actively using social media - wonder what that ratio is for CPA Firm leaders?I know a few who are doing it right but most are absent or worse just blatantly marketing...Research has shown that executives with social CEOs say their CEOs’ social media presence makes them feel inspired (52%), technologically advanced (46%), and proud (41%). Sociability shows that a leader is listening, open to engaging in two-way dialogue with stakeholders, and comfortable with change. And in today’s battle for talent, social CEOs also help to attract and retain employees.And check out their five tips for social engagement.
Research has shown that executives with social CEOs say their CEOs’ social media presence makes them feel inspired (52%), technologically advanced (46%), and proud (41%). Sociability shows that a leader is listening, open to engaging in two-way dialogue with stakeholders, and comfortable with change. And in today’s battle for talent, social CEOs also help to attract and retain employees.
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Tighter regulation, automation and an increasingly complex business landscape require even entry-level accountants to possess a wider range of technical and communications skills. More CFOs say they want people who have initiative and can do things like analyze data and present their findings coherently to colleagues. But demand is outpacing supply. The U.S. unemployment rate for accountants and auditors was 2.9% in the first quarter. That compar...
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Collaboration - Vision - Communication .."it is not enough to convene people only once to ask for their support, nor can leaders assume that just because something has been said, it has been heard and agreed to. Frequent communication and reminders of the vision keep coalition members engaged throughout often-arduous processes with numerous ups and downs. When projects accomplish many things at once (like the Miami tunnel did), coalition-building is easier."
There is one best way to get big projects done. It has nothing to do with the technical side, and everything to do with people and relationships. Systemic problems that affect everyone but are beyond the ability of any one person to solve require collaboration skills. To renew and reinvent our aging transportation infrastructure, we must turn our attention to coalition-building. Classic leadership lessons apply. To create the conditions that supp...
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The biggest hard trend of the exponential growth of technology creates a tremendous opportunity for SMBs today and plenty of CPAs and firms are ready to help. Jim Cashin of McGladrey talks about it in this piece...More middle-market companies are considering outsourcing some, if not all, components of their finance organization to quality firms in order to take advantage of more streamlined technology platforms, skill sets and business processes, and to leverage these components for real-time information for business decisions. Additional benefits include a reduction in accounts payables costs, improved efficiency through process automation, and more time for executives to focus on strengthening their business, versus spending time on administrative work. #DigitalCPA
More middle-market companies are considering outsourcing some, if not all, components of their finance organization. Here are five signs it may be time to consider outsourcing for your company's accounting platform.
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Research says that we can thrive from traumatic change as much as we can be setback from it. More and more we find ourselves in the midst of transformation in this VUCA world. This article gives some great perspectives on this. Love this graphic! Enjoy!“Many people in organizations find that change provides both challenges and opportunities, but often the negative part can overshadow the positive outcome at the other side of the change moment. And yet, change is a constant, in both life and work. How can we learn to navigate the emotions change brings up more positively, so that growth can be the outcome?” Tim continues, “Change is growth, it is never meant to take us down. Companionship enables us to handle change far better.”

Want to learn about thriving in the "shift change" join us on June 23rd at the MACPA / BLI Innovation Summit http://blionline.org/cpa-summit/ #MDSUMMIT15
“Many people in organizations find that change provides both challenges and opportunities, but often the negative part can overshadow the positive outcome at the other side of the change moment. And yet, change is a constant, in both life and work. How can we learn to navigate the emotions change brings up more positively, so that growth can be the outcome?” Tim continues, “Change is growth, it is never meant to take us down. Companionship enable...
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Just getting back from AICPA Spring Council where a panel of young professionals spoke candidly about what they want in a career and it was remarkably similar to this article in FastCompany."You do know that we are in high demand", Tanyeka Alexander said on a recent panel of young professionals. "And if you don't give us what we want, someone else will."Check out these "new rules" of work:1) WORK CAN HAPPEN WHEREVER YOU ARE, ANYWHERE IN THE WORLD.2) YOU’RE ON CALL 24-7.3) YOU GO FROM GIG TO GIG, PROJECT TO PROJECT.4) FOR BETTER OR WORSE THE LINE BETWEEN WORK AND LIFE IS ALMOST ENTIRELY DISAPPEARING.5) YOU WORK BECAUSE YOU’RE "PASSIONATE" ABOUT A "MOVEMENT" OR A "CAUSE"—YOU HAVE TO "LOVE WHAT YOU DO."These are the new rules of the new world of work in what we call the Shift Change. Learn how to navigate the "shift change" at the CPA Summit - Accounting - Innovation - Leadership on June 23rd Live and webcast - details and registration.
Forget everything you've always known about work. The rules have changed.
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Smart machines can be our partners and collaborators in creative problem solving.
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"Mr. Gorbachev, tear down these walls!” - President Ronald Reagan We have been talking about the major business fundamentals that are shifting in this era we call the “shift change”. The shift change involves the five areas that are transforming the business landscape as a result of the three mega-trends of technology, demographics and the retiring baby boom generation, and globalization. Today, the MACPA is making the shift in two areas - workpl...
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We like to say, "A leader's job is to set context, connect to the purpose and provide hope and inspiration." This article captures that spirit well.Servant leaders understand that things don’t revolve around them, rather it is all about the team! The leader’s role is to nurture an environment that builds enthusiasm and energy around the work being done. The level of energy within the team rests squarely on the leader’s shoulders.
How To Energize your Team? Via Don Dea
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