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.
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