Succession is a common issue facing small- and medium-sized practices (SMPs). However, because of the more urgent needs of dealing with daily operational issues, there is a tendency to perpetually relegate succession planning to the backburner. Practitioners should devote time to their succession plans so that the primary goal to transition a client relationship to… Read More How to build an effective succession plan for SMPs
General practitioners can capitalise on the trend towards sector specialism, but planning is required. The accountancy sector, like other professional service sectors, has witnessed an increased focus on sector specialisation to bolster general practice activities over the last decade. This trend is largely driven by clients who want their advisers to be experts not just… Read More Why niche offerings are a good idea
Millennials, who are expected to make up the majority of the workplace by 2020, can offer organizations new opportunities. Liana Cafolla finds out how companies are building millennial-friendly corporate cultures to retain and attract future business leaders. As employee reputations go, they don’t get much worse than millennials’. Millennials – generally agreed to be those… Read More Motivating millennials
By Hannah Downie As a CA and ICAS policy expert, the “big issues” are never far from Bruce Cartwright’s mind. So it is fitting that his first initiative as CEO, Challenging Conversations, seeks to tackle them. For Bruce Cartwright, challenging the status quo comes with the territory of being a chartered accountant. “As a CA,… Read More What is the role of CAs in society?
The market is littered with examples of companies who have had their core business disrupted by innovations from competitors. A key lesson from observing these businesses is that organizations that are able to consistently fend off new entrants and maintain their success must constantly transform or reinvent themselves. One of the hallmarks of such organizations… Read More Why organizations should start design thinking
By Anil Kshatriya, ACMA, CGMA To reach their full potential, small and midsize companies in emerging countries must pay special attention to modernising their cost management. Companies in emerging economies that are labour-intensive and technologically under-invested must give special attention to cost management. A strong culture of cost-consciousness translates into bottom-line growth, but limited resources… Read More Modernising cost management systems in emerging economies