Focusing on leadership development as a competitive advantage!
Client Spotlight: Mark Radetic, MarksNelson
Headquarters: Kansas City, MO
No. of Offices: 8
No. of Partners: 20
No. of Employees: 154
When Mark Radetic joined MarksNelson in 2003, the firm had 35 people and no formal education and training program other than the requisite 40 hours of continuing education hours per year. In a little over a decade, the firm grew to 150 people and was competing for talent with other great firms in Kansas City, including Big 4 and national firms. As Managing Partner of MarksNelson, Radetic recognized that to recruit the best and brightest, the usual CPE just wouldn’t cut it. They had to provide leadership development.
Working with Gary Boomer and Sandra Wiley of Boomer Consulting, Inc., MarksNelson began to focus on talent development and education as one of four firm-wide strategic initiatives and developed success profiles for every experience level. For managers wishing to become a partner, leadership and the ability to gain followship were identified as crucial skills.
After thoroughly researching alternatives, including handling leadership training on their own, MarksNelson turned to the P3 Leadership Academy, where their managers could develop skills in self-management, client management, team management and practice development. The firm sent all managers, 25 people in all, to the Academy over the course of three years.
Today, Radetic says he “tips [his] cap to the P3 Leadership for getting the firm going in the right direction.” The results speak for themselves: as of July of this year, three of those managers have been promoted to partner and two more will be promoted in January of 2017. Radetic says participants in the P3 Leadership Academy have been able to master leadership and followship, but the benefits don’t end there. The members took on out-of-class projects related to the firm. Some focused on education, administration, culture, or another area. These projects allowed participants to really dig in and learn what MarksNelson is all about, but Radetic says the firm’s existing partners learned from the process as well.
Today, the firm continues to focus on talent development and education as a strategic initiative, and not just at the partner and manager level. At MarksNelson, leadership development and education begin as soon as people walk in the door.
Get to know Mark
Radetic was born and raised in St. Louis, Missouri, the third of seven kids. His parents are now 91 and 89, still going strong in St. Louis. Radetic attended Benedictine College in Kansas. He started out as a math major but switched to accounting after a rough semester of calculus. Radetic took a job in public accounting in Kansas City after graduation, expecting to spend about two years in public before moving on but has found a career he loves and has turned down several opportunities in the private sector.
Radetic has been married for 25 years and has three children. When he’s not working, he enjoys crossword puzzles, golf, speed walking and watching sports. He and his wife, also one of seven kids, enjoy entertaining at home.
P3 Leadership Academy
The P3 Leadership Academy focuses on developing and elevating the middle of your firm to cultivate astute leaders in the areas of People, Planning and Process. During our three-year program, your Emerging Leaders will develop skills in self-management, client management, team management and practice development.