{"id":82366,"date":"2021-05-27t12:00:08","date_gmt":"2021-05-27t16:00:08","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=82366"},"modified":"2022-12-22t00:43:04","modified_gmt":"2022-12-22t05:43:04","slug":"the-5-key-skills-of-innovation","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/05\/27\/the-5-key-skills-of-innovation\/","title":{"rendered":"the 5 key skills of innovation"},"content":{"rendered":"
<\/a>your firm needs them now more than ever.<\/b><\/p>\n by gary bolinger<\/i><\/p>\n peter drucker once said, \u201cevery organization, not just businesses, needs one core competency: innovation.\u201d<\/p>\n one<\/strong> core competency. that is powerful. in today\u2019s pandemic environment and, as we prepare for the post-pandemic environment, it is more important than ever in businesses of all kinds, including cpa firms. cpa firms need to prepare to assist clients for the world ahead. there won\u2019t be a return to \u201cnormal\u201d as we remember it for some time. and that means cpa firms must innovate in client service to add value in this new environment.<\/p>\n more: <\/b>advisory vs. low-value clients<\/a> | what + who leads firms to better service<\/a> | how accountants are profiting in disruption<\/a> | ask the right question(s)<\/a> | seven elements of engagement for cpas<\/a> | true advisory work isn\u2019t just consulting<\/a> innovation sounds big. innovation sounds big because we tend to think about historic innovations, and they were<\/strong> big. you know \u2026 the wheel, the printing press, railroads, mass production, airplanes, the electric light bulb, television, the internet and cellular phones. sustaining innovation is something that perhaps isn\u2019t even consciously thought about. it is just something that good businesses do to improve process and\/or product. business owners are required to engage in sustaining innovation every day to remain competitive. but we don\u2019t think about that as innovation.<\/p>\n disruptive innovation is different. there could be something big there. you ask yourself, what can we do to differentiate our firm? and the answer is that there is plenty that can be done to differentiate your firm. but not in respect to compliance services. all cpa firms are selling the same basic product.<\/p>\n you need to think about how next-generation cpa firms will create value. some firms are, but they all seem to be thinking the same thing. wealth management is a popular choice. information technology is as well. but if many firms are moving to wealth management and it, and that is the direction you decide to go, you are still competing in the same market. you are continuing to compete with those \u201cestablished competitors.\u201d<\/p>\n so, what is innovation?<\/p>\n if that is what innovation is<\/strong>, how do you do it? well, there are five key skills.<\/p>\n talk to your firms\u2019 partners and professional staff about this process. partners aren\u2019t the only ones with innovative ideas. also ask your clients for ideas on how client service could be improved, what services could be a part of your offerings. ask provocative questions about what your firm can do to help in this new \u201cnormal.\u201d pwc did a study a few years back and learned that:<\/p>\n so, plan a few meetings with select clients to learn how your firm can be different in the future. ask those questions, the provocative ones. perhaps ask what your firm could do that would create more value and insight for the future of their business. don\u2019t discount their responses. observe how they create value (you might gain a few insights there). their thoughts and actions can lead you to new ways of value creation and distinguish you in the marketplace. and at all costs, avoid the status quo.<\/p>\n","protected":false},"excerpt":{"rendered":" your firm needs them now more than ever.<\/b>
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
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\nbut not all innovation is big. think about two types of innovation.<\/p>\n\n
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\nby gary bolinger<\/i><\/p>\n","protected":false},"author":3864,"featured_media":81979,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,2327,3120,3002],"tags":[],"class_list":["post-82366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-innovation","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"\n