Does Your Managing Partner Have these Qualities?

Source: Partner’s Report—the Monthly Update for CPA Firm Owners

The most respected qualities in managing partners:

• Are devoted to the idea that change will improve the firm.
  • Understand how the CPA environment is changing.
  • Are change agents who help the firm adapt to the changing environment.
• Are willing to take risks.
  • Set ambitious goals.
  • Are shepherds of individual egos.
• Face up to difficult problems.
  • Are good listeners.
  • Appear to be dealing with problems of the firm.
• Get partners to buy-in.
  • Are consensus builders.
  • Devote a lot of time to discussing firm goals with partners.
  • Motivate partners to work for the common good of the firm.
• Are faithful to their core values.
  • Clearly communicate core values.
  • Uphold the firm culture and values without sacrificing growth.
• Have a long history with the firm.

From Partner’s Report—the Monthly Update for CPA Firm Owners, June 2007, p. 4. For subscription information contact Institute of Management & Administration, Inc., 3 Park Avenue, 30th Floor, New York, NY 10016-5902. One-year subscription $399. 212-244-0360, [email protected].