Strategic Thinking It’s More Than Just Arriving at the Right Answer
Insights to Action Application - Wyoming Society of CPAs
Jan 21, 2018
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Strategic Thinking
It’s More Than Just Arriving at the Right Answer
Just How Important is it?Study of 60,000 leaders:
“We found that a strategic approach to leadership was, on average, 10 times more important to the perception of effectiveness than other behaviors studied.”
Numbers: THE answer to all of the world’s problems . . .
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Why do you think we didn’t get the results we were after?
Three Words that Changed My Life
Engage
Align
Lead
A Tale of Two Transactions
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Can you share an example of a transaction you worked on where the management team was a critical factor for the acquirer? Why was it such an important factor? What financial tips do you have for enhancing value in advance of a possible transaction? For the Group: What have you done to engage, align, and lead? What works? What doesn’t?
6
I2a Overview
Establish Shared Meaning & Context as it relates to your Past, Present & Future
Step 1
Step 2
Step 3
Insight: Sift everything that you’ve got for insights. What matters right now, and why?
How is Leadership Changing?
We live in exponential times
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A Picture is Worth a Thousand Words . . .
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60,000 times faster than text
MBSN – “Management By Sticky Note” (hat tip to Tom Hood)
Make Your Thinking Visible
May the best ideas win!
Let People Weigh In
Trust the Wisdom of the Group
“No matter how much I know, the group always knows better.”
~ Albert Einstein
Jack Welch Story
Hands
Head
Heart
Create Safety
Structural Improvements . . .
From Advocacy to Inquiry
Focus on Opportunities
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What is the one thing that would have the biggest impact?
Dan Griffiths, CPA, CGMA is the Director of Strategic Planning at Tanner, LLC, a Salt Lake City-based professional services firm with 85 team members. Prior to merging his practice with Tanner, he co-founded Proficio Services Group to provide strategic & business planning, leadership development, and business coaching services. Dan is a graduate of the 2010 AICPA Leadership Academy and in 2011-2012 served as the chair of the Young CPA Network Committee for the AICPA. Dan has also been very active with the UACPA and in 2011 was recognized as the Outstanding CPA in Business and Management. He was recently selected to serve as Utah’s elected member of the AICPA Governing Council. Dan is an avid flyfisher, backpacker, and gardener. He and his wife Bibiana just welcomed their fourth child to the family.
Contact Dan at: [email protected] connect with him on LinkedIn www.linkedin.com/in/dangriffithscpa
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