We need to figure out how to ‘surf’ the massive waves of changes surrounding us.
This discussion, cross-posted from my other blog Attestation Update, helps all of us get a picture of the massive amounts of change surrounding us and the huge waves of change that are getting closer.
3/24 – Tom Hood on LinkedIn – Why Accountants Must Learn How to Ride These Big Waves of Change – There are massive waves of change on the horizon. Risks of getting drowned are high for accountants and auditors.
We need to understand what those two comments mean and how to cope with the implications. Tom Hood’s article points toward those waves that are soon to crash down on our heads.
It’s a VUCA world
Major changes we are in can be summarized by that phrase:
- Volatility
- Uncertainty
- Complexity
- Ambiguity
You could ponder the implications of those four terms for hours.
Tom Hood’s recommendation on learning how to surf the waves, since we can’t stop them:
Embrace digital
Anticipate
Collaborate
Learning is the next competitive advantage
Protect the core
Make time for the future
What is the “Uber” disrupter in the future for CPAs?
Here is one way to describe the challenge: Will we in the accounting and audit world be like the taxicab industry trying to fight off Uber and Lyft? Or will we somehow figure out what that threatening thing is and adapt to it?
The really weird, incomprehensible question to me: What is the Uber-like thing that will overturn the audit world?
I am not smart enough to see what that thing is. Perhaps I have already taken the most important first step – I know there is something out there on the horizon but I can’t figure out what it is. But I know it is there.