Comments on: Six Success Secrets in Finance http://cpatrendlines.com/2008/07/10/six-success-secrets-in-finance/ Business Intelligence and Market Insight for the Tax, Accounting and Financial Management Community Sat, 13 Mar 2010 16:25:52 +0000 http://wordpress.org/?v=abc hourly 1 By: Timster2001 http://cpatrendlines.com/2008/07/10/six-success-secrets-in-finance/comment-page-1/#comment-526525 Timster2001 Sun, 13 Jul 2008 15:45:33 +0000 http://cpatrendlines.com/?p=1351#comment-526525 What you're NOT talking about is HOW to do it? I have partners who should have died out with the dinosaurs. How do I convince THEM to change? What you’re NOT talking about is HOW to do it? I have partners who should have died out with the dinosaurs. How do I convince THEM to change?

]]> By: Tom Hood http://cpatrendlines.com/2008/07/10/six-success-secrets-in-finance/comment-page-1/#comment-526522 Tom Hood Sun, 13 Jul 2008 10:19:37 +0000 http://cpatrendlines.com/?p=1351#comment-526522 Having just finished facilitating several strategic planning sessions, you are right on point. I would like to expand on the number one point - VISION. The secret to a great vision is two more management disciplines, 1) Alignment of all firm/company systems to your vision, and 2) Strategy as process (not an event). Two examples are - does your partner compensation system reflect your strategy from your vision? IF not, it will be very hard changing beahavior 0 for instance a one firm vision with a book of business reward system will conflct. Second, make sure that your executive management committee or officers are making discussion/evaluation of your strategy at least a quarterly topic and the subject of an annual retreat. Remember this - "If your firm or company does not have a vision, you will just get sucked into someone else's vision (usually your clients and staff). Having just finished facilitating several strategic planning sessions, you are right on point. I would like to expand on the number one point – VISION. The secret to a great vision is two more management disciplines, 1) Alignment of all firm/company systems to your vision, and 2) Strategy as process (not an event).

Two examples are – does your partner compensation system reflect your strategy from your vision? IF not, it will be very hard changing beahavior 0 for instance a one firm vision with a book of business reward system will conflct. Second, make sure that your executive management committee or officers are making discussion/evaluation of your strategy at least a quarterly topic and the subject of an annual retreat.

Remember this – “If your firm or company does not have a vision, you will just get sucked into someone else’s vision (usually your clients and staff).

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