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Keynote for the AICPA Global Manufacturing ConferenceThe number one issue facing businesses is a need to innovate. Innovation is fundamentally about learning and how to keep your rate of learning (as individuals and as organizations) greater than the rate of change and greater than your competition. We think (and research supports this) it is time for a “paradigm shift” in talent development and learning. The need for a strategic and systematic approach to talent development already is under way in many high-performing organizations. Are you ready for these sweeping, even disruptive trends? Participants will learn: • The latest trends in learning and talent development facing organizations • How to approach learning and talent development in a strategic and systematic way and develop five action steps to take back with the
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How to Profit from Innovation: Talent and Engagement in the Agile
Learning Organization Tom Hood, CEO,
Business Learning Institute & Maryland Association of CPAs
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/
Download today’s slides at … www.SlideShare.net/thoodcpa
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Innovation is the creation of new forms of value in anticipation of future trends
WTF? WHAT’S THE FUTURE?
It’s really a math problem…!
2006!
The Shift Change
1. Leadership!2. Learning!3. Technology!4. Generations!5. Workplace!
Marina Gorbis, Institute for the Future
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
Where Did I Get This Stuff?
We have reached an important turning point where success is
not defined by scale, but by the ability to learn (and unlearn)
more rapidly.��� - John Hagel
Source: Deloitte Institutional innovation: Creating smarter organizations to scale learning
In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise
most effectively have prevailed – Charles Darwin
What is the #1 issue facing Global Companies Today?
The Danger Zone
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The Research
A 2012 survey by the Corporate Executive Board showed that 60% of organizations were experiencing a leadership shortage, an increase of 40 percentage points from the previous year.
67% #1 issue is developing leaders & succession
planning
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1. A shortage of creative, agile leaders. 2. Inability to rapidly develop workforce skills and capabilities. 3. Ineffective collaboration and knowledge sharing.
Source: 2010 IBM Global Chief Human Resource Officer study
The top three issues facing human resources & talent development
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Shift Happens
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The high performers in our survey invest more in talent, focus on closing skills gaps, have more customized training and development programs, iden9fy future leaders earlier in their careers, and have robust succession plans in place. They also focus more on “so=” leadership skills such as the ability to embody the organiza9on’s culture and values and to lead effec9vely in a complex global business environment.
Paradigm Shift
Source: E&Y Paradigm Shift: Building a new talent management model to boost growth
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• Innovation – making changes in anticipation of future trends and customer needs • Individual - The ability to analyze, and understand new situations and new business platforms in a timely (proactive) manner. • Organizational – Programs and processes designed to enhance its collective ability to acquire new knowledge and skills, and to stay ahead of the market.
Source: Bersin & Associates
Innovation = Agile Learning
The right talent at the right time with the right
skills
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• 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
CGMA Competency Framework
theBounce
CGMA Follows the Bounce!
Your employer wants the “new you”
“I need you, but I don't need the old you. I need a new you who understands the transformation I’m going through as your customer. If you don’t, you're out of touch.” - Dan Burrus futurist
http://cpa.tc/1pt
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Anticipation is showing up across our Profession
Survey results from MACPA Town Halls
The missing competency?
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The Bounce
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T
Curriculum design by BLI and AICPA using Top 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, FP&A, 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.
So What Does the Shift Change Really Mean?
Source: Deloitte Institutional innovation: Creating smarter organizations to scale learning
Why? “We are moving from
organizations well managed to
networks well led.” - Jim Collins
Source: PWC 2014 Global CEO Survey – Good to Grow
Innovation
Connection Collaboration
Serendipity
We need to find ways to aKract relevant innovators and edge par9cipants so that we can discover early windows into the developments that will end up transforming how we live and work. Sure, serendipity has always been important, but in a world of near-‐constant disrup9on, it becomes essen9al to
survival. – Planned Serendipity by DeloiKe
"Serendipity is the faculty of finding things we did not know we were looking for."
The collaboration curve is replacing the experience curve
“The organizations that will become the household names of this century will be renowned for sustained, large-scale, efficient innovation.
The key to that capability is neither company loyalty nor free-agent autonomy but, rather, a strong collaborative community.”
HBR, July-August 2011
“None of us us as smart as all of us.”
-Dr. Ken Blanchard
The Three T’s – Technology, Talent & Time What would Rita say?
Rita McGrath, Columbia Business School!Author – End of Competitive Advantage!
“How would you think differently about your strategy if you knew your advantage might not last?”
Disruption and RONI���The gap is widening, faster!
Source: Clayton Christensen, “Innovation Killers”
Five Ways to Thrive in the Shift Change
1. Power of Vision, Purpose & Alignment 2. People - Strengths & Positivity 3. Collaboration & Engagement 4. Learning & Development – L>C 5. Technology (RONI)
Your Strengths & Skills
Your Purpose & Values
Your Companies Purpose & Values
Alignment
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Engagement – Alignment - Commitment
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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.
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How can we help you keep your L>C?
• 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
Tom Hood, CPA.CITP CEO Maryland Associa8on of CPAs Business Learning Ins8tute (443) 632-‐2301 E-‐mail [email protected] Web hNp://www.macpa.org Web hNp://www.blionline.org Blog hNp://www.cpasuccess.com Blog hNp://www.blionline.org/blog
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