Structuring Your Business for a New and Profitable Era

This post is an updated version of an article I wrote for the 2014 Good, Bad and Ugly inter-firm comparison study done by the Australian firm, Business Fitness.

The accounting services industry has been around for long time and is likely to be around for a long time to come because people and organizations need their services. But as is the case with every industry, its structure will be largely shaped by outside forces that are beyond the immediate control of the firms in the industry today and those forces will create opportunities and challenges. The way in which firm leaders respond to those forces will determine the destiny of their firm. Continue reading “Structuring Your Business for a New and Profitable Era”

Why technology is not necessarily the answer

I had a conversation with a leader in the media recently during which he mentioned that a software vendor had told him his company’s product could help accountants perform in 15 minutes a task that typically would take 3 hours when done in a traditional manner. Continue reading “Why technology is not necessarily the answer”

Why leaders need to worry about digitization

This is a thought-provoking video discussion between two heavyweights from MIT and McKinsey. Even though they’re not directly talking to leaders in the accounting profession their observations and insights give food for thought. Continue reading “Why leaders need to worry about digitization”