Denial, perfectionism, precedent, competence and agility.
By Patrick J. McKenna
Professional Services Firm Consultant and Author
The professional services sector is undergoing a fundamental change. Accounting firms are navigating a tough financial climate, suppressed growth rates, and declining demand. Previous downturns have been transitory, as the industry has been able to recover within a few years.
However this time the landscape has changed and the professional sector is not expected to return to previous levels of growth for a long time.
Adapted from the introduction to “How to Engage Partners in the Firm’s Future: The Secrets Every Leader Needs to Know,” by August J. Aquila and Robert J. Lees
Whatever kind of economist-speak you prefer, there’s no getting around the fact that now is a scary time to be the leader of an accounting firm.
TO READ THE FULL ARTICLE
