What You Should Expect From Your CEO/MP

Source: Accounting Today

Gary Boomer outlines the five major responsibilities of a CPA firm's CEO/managing partner:

1. Strategic planning. Although the planning process should involve input from all major areas of the firm, the CEO or MP often sets the firm's strategic direction.
2. Allocating resources. It's up to the CEO or MP to address priorities and staffing, and to ensure the right people are leading the firm's initiatives.
3. Being a transformation agent. Transformation goes beyond “change” and involves doing something radically different. It demands innovation, diversity, and a multi-disciplinary approach. It also requires accountability.
4. Resolving conflicts and logjams. CPAs typically avoid conflict, but a successful CEO/MP tackles conflict head on.
5. Driving revenue. The CEO/MP is responsible for defining what is possible and inspiring people to stretch further than they thought they could go.

For the complete article, read “Boomer's Blueprint — 5 major responsibilities of your CEO/managing partner.”

From Accounting Today, June 27, 2016, www.accountingtoday.com.