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The Boomer Bulletin - 2012
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Collaborative Leadership

Posted By Jim Boomer, Wednesday, April 11, 2012
Updated: Tuesday, April 10, 2012

Collaboration and leadership.  Could I combine two better management buzz words to get you to click on this article?   I think not.  Kidding aside, the two concepts are critical to the success of your firm and when you have both working in tandem you accelerate your firm’s results, profitability and growth.  Yes, we need strong leaders at the top of the organization but strong leaders recognize they can’t drive success on their own.  They build a strong leadership team around them and leverage members’ unique abilities by collaborating with them every step of the way.   Theoretically, what I’m about to discuss isn’t very complicated.  However, when we watch firms try to execute the below strategies, the day-to-day tasks and longstanding misconceptions seem to always get in the way.

Build Your Synergistic Team

The greatest leaders surround themselves with tremendous talent on their leadership team.  They understand their own unique abilities and the areas where they fall short.  They look for individuals who can complement their strengths and minimize their shortcomings.  This is where tools like the Kolbe Index can be incredibly useful.  The Kolbe Index identifies individuals’ instincts that drive natural behaviors.  Understanding this is critical to building a synergistic team.

One myth that often limits CPA firms is that the leadership team must be comprised solely of CPAs.  This is simply not true and is costing firms a lot of time and money while reducing their ability to compete today and into the future.  Requiring a CPA certificate to have a seat at the management table is holding back some of your best talent and limiting the firms potential for greater success.

The most successful firms include their functional department leads in their management teams.  IT, HR, and Training & Learning all have a seat at the management table.  This ensures that they know what is going on but, more importantly, it taps into their diverse knowledge and perspectives real-time during the decision-making process.  Cross-functional collaboration takes place during the decision-making process rather than after the fact. 

Align from the Start

The strategic planning process is critical to setting a roadmap towards achieving your firm’s most vital growth initiatives.  A collaborative effort between all functional areas of the firm to develop the plan seems like the obvious process, right?  Unfortunately, too many firms don’t choose that path.  Instead, they work in siloes and fail to communicate the plan once it is developed.

Similar to the management meetings, the path to up-front alignment in regards to the strategic plan lies in the involvement of the functional department leads in the process.  They can’t be expected to develop a strategy for their respective department that supports the overall firm plan if they haven’t been involved in the process or even seen the firm strategic plan.

Look Outside Your Organization

The best firms in our profession realize the wealth of information and experience that exists beyond the barriers of their own organization.  They typically join one or more peer communities to gain outside ideas and fresh perspectives.  They also recognize the importance of peer accountability in that it’s a lot easier to tell yourself and your team you didn’t accomplish something than it is to tell your peer.

If you’re still trying to go at it alone, I would encourage you to look into joining a peer community.  We started The Boomer Technology Circles over a decade ago and now have a number of other specialized communities of leading firms pushing each other to get better. 

  • The Boomer Technology Circles community will help your firm bridge the gap between technology and practice management and accelerate your progress through thought leadership and peer accountability.
  • The CIO Advantage community prepares technology professionals for a seat at the management table by developing their business and IT acumen.
  • The CEO Advantage is a community of Managing Partners who act as a collaborative think tank to challenge, encourage and propel each other to a higher level of success.
  • The Talent Development Advantage is a community of HR, Learning and Human Capital leaders focused on talent development through shared intellectual capital, peer networking and collaboration.
  • The Producer Circle is a community of business and IT savvy thought leaders focused on providing improved client accounting service and achieving firm growth and profitability by leveraging technology and the cloud.
  • The Specialty Tax Circle community will assist member firms improve growth and profitability by leveraging services associated with specialty tax.

Maintain Alignment

As your firm participates in peer communities and attends training or conferences, it’s important to maintain a collaborative mindset.  You’ll often get a bigger return on your investment by having cross-functional attendance at these events.  This allows for real-time reconciliation of diverse perspectives based on the same information.  You don’t get this when each party attends their own event and then tries to resolve their differences back at the office.  What you usually end up with is little to no buy-in and no execution.

Beyond cross-functional involvement, leadership involvement is also critical.  Bringing back a bunch of great ideas from outside the organization is great but if leadership doesn’t buy-in, it doesn’t go anywhere.  Seeing is believing.  When firm leaders attend alongside the functional leaders, they will see, believe and make sure stuff happens. 


The pace of change is increasing in our profession, in our country and in our world.  No one can be expected to keep up with the changing environment of practice, technology, HR, tax, etc. issues.  True leaders recognize this fact and recruit a network of talented individuals both inside and outside their firm so they have the best information possible to make the best business decisions to improve their firm’s performance, profitability and growth.  They are truly collaborative leaders.

Tags:  collaboration  leadership 

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