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Tom Hood, CPA, CITP, CGMA @tomhood CEO Maryland Association of CPAs
CEOs and Leading in a Technology Disruptive Environment
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More Uber cars than yellow taxis on the road in NYC
AirBnB Rooms available surpasses Hilton & Marriott
Gradual then Sudden!
Exponential growth fueled by Technology (Moore’s Law)!
Moore’s Law visualized 25,600 Times More Storage
Exponen?al Times Value of Smartphone & Apps
Context!
“How would you think differently about your strategy if you knew your advantage might not
last?”
1. How will IT change the basis of competition in our industry?2. What will it take to exceed our customer’s expectations in a digital
world?3. Do our business plans reflect the full potential of technology to
improve our performance?4. Is our portfolio of technology investments aligned with
opportunities & threats?5. How will IT improve our operational and strategic agility?6. Do we have the capabilities required to deliver value from IT?7. Who is accountable for IT and how do we hold them to account?8. Are we comfortable with our level of IT risk?9. Are we making the most of our technology story?
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
Public Seminars
2002 2015 2008
CLS on-‐site
Conferences
Our Traditional Channels
E-‐Learning
2002
Facilita?ons
Sponsorships
Emerging Business Lines
2008 2015
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
Connect, Collaborate, and Co-create
Our 2017 Vision and Strategy
Strategy is not Technology
What would Rita say?To stay ahead, (companies) need to constantly start new strategic initiatives, building and exploiting many transient competitive advantages at once. Though individually temporary, these advantages, as a portfolio, can keep companies in the lead over the long run.
Innovate often, decide quickly, succeed or fail, repeat
Incremental change isn’t enough for many companies today. Reinvention is not changing
what is, but creating what isn’t.
We think, it’s time to make the leap
How can we escape the “pull of the past”?
From: Systems of Record To: Systems of Engagement
Internal StrategyWorkplace Technology
Our Digital Transformation Strategy
1. Digitization & workflow –shifting resources and systems to growth areas
2. Virtualization – Moving IT infrastructure to cloud
3. Transformation to cloud – Increase use of existing systems of engagement
4. Transformation to cloud – New cloud based systems – accounting
5. Transformation to cloud – Move AMS and MACPA website
Google Apps
Develop our APP Solution Bundle
Technology is about people
www.blionline.org
BLI & Future of Learning
1. Social Learning.2. Mobile / nano3. Cloud-based 4. Collaborative.5. Competency-based learning
External Learning
Systems of Engagement
MBSN
Closing Thoughts
Disruption and RONI���The gap is widening, faster!
Source: Clayton Christensen, “Innovation Killers”
We think this is trade-off
We are in the “Groan Zone”
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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
CPA Practice Adviser Accounting Hall of Fame Named the Second Most Influential in Accounting by
Accounting Today Magazine 2015 (11th year in Top 100) 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/
