A CEO’s Reading List

Becoming a CEO isn’t the end of the highway—it just means you’ve made it to the expressway. It’s the beginning of another journey. You count on more people, and more people count on you to make the right decisions and do the right thing. You influence a broader audience and become a primary face of the organization.

With this dynamic role comes more responsibility and challenges, and continuous learning and growth are vital to keep pace. You can get certifications, go to conferences and seminars, or travel the world to meet new people and learn about their best practices. Another way to learn and grow is through reading. These are the most influential books I’ve read that have helped me shape IMA into the organization it is today, one that we are all proud of in terms of its contribution to enrich careers, organizations, and the public interest.

My Top 5 Books

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Trust, Inc. by Barbara Brooks Kimmel taught me how to be a more responsible leader and to lead with integrity and trust as a table stake for performance and culture. The book is full of case studies about what works and what doesn’t. Being transparent is important for a business to succeed. I had the honor of authoring a chapter in this book.

 

 

 

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21 Irrefutable Laws of Leadership by John C. Maxwell taught me how to build followership—the great teams and board of directors with whom you work with every day. If you trust, empower, and enrich people, they will follow you, respect you, and trust you in return. And, in effect, they won’t be afraid of expressing their true feelings and opinions, which leads to the next book.

 

 

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Fierce Conversations by Susan Scott talks about having open and honest conversations with active listening skills. A responsible leader listens to his or her team’s opinions, even if they are in disagreement, and opens the lines of communication. The extremes of shy agreement or bullying disagreement just don’t work.

 

 

 

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A Sense of Urgency by John P. Kotter taught me to not rest on my laurels. If you want change to happen, you have to act immediately with a sense of urgency. Be open to change and adapt to the new environment. A CEO must be flexible in a changing world.

 

 

 

The Advantage: WhThe-Advantagey Organization Health Trumps Everything Else in Business by Patrick M. Lencioni emphasizes the importance of a cohesive leadership team and a strong, clear vision of the future. It’s easy and fun to read because Lencioni writes in a narrative format that’s very relatable.

 

 

 

 

Live the Lessons

You would think your summer reading list would end at graduation, but reading is one of the easiest ways to continuously learn. The lessons I’ve learned from these books have helped me on my journey as IMA’s President and CEO. I’ve implemented many of these lessons into IMA’s business culture, and all staff and IMA volunteers live by these standards as it is our duty to our members and the global profession.

Which books are currently on your reading list? What are some lessons you’ve learned through reading?

Written by Jeff Thomson, CMA, CAE
Follow me on Twitter @ima_JeffThomson

 

 

 

Related Articles:
Read 2014’s Best Business Books In Two Hours – Forbes
If You Want to Be a Big Deal, Never Stop Learning – Entrepreneur

What Exactly Is a Professor In Residence?

If you’re asking yourself, “What is a Professor in Residence (PIR)?” you aren’t alone. I get this question often, as my role is a bit more ambiguous than, say, a lawyer’s or teacher’s job. Typically, a PIR works at a university or college and facilitates research, teaching, public service, and other activities. But my position within a nonprofit organization is unique, dynamic, and provides so much more.

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I joined IMA in 2006 as Director of Research after having been a college professor for quite a number of years. Three years later, I was asked to also assume the role of IMA’s PIR. I accepted, as this was an opportunity to advance the management accounting profession by connecting with students and faculty around the world and draw on my extensive academic experience to design programs aimed at meeting this market’s very unique needs.

I work with IMA to achieve these goals by helping prepare the next generation of finance and accounting professionals who will work in business. One way we do that is through our CMA® (Certified Management Accountant) program. Another is by supporting faculty teaching and research efforts.

With that in mind, one program I created that helps academics stay connected is IMA’s Campus Advocate program. Having taught at a school where I was essentially the only faculty member interested in teaching management accounting, I saw a need for a program that enabled faculty interested in management accounting education to network, ask questions, and share best practices.

Student Development
Of course, students – the future of our profession – are a key part of the picture. I’ve been able to develop several programs with the goal of ensuring that students are adequately prepared for their future roles. A key consideration has been the realization that every school has differing programs, goals, and resources, so it’s important that IMA offer a variety of programs from which to choose.fresh springs isolated

The IMA Accounting Honor Society, to be launched in March, will recognize high-achieving accounting students. Not solely restricted to students interested in management accounting, I see this society as a way of recognizing and encouraging students to pursue the diverse and rewarding careers available in the accounting profession.

Advocate for the Profession
Being IMA’s PIR has enabled me to advocate for IMA and the management accounting profession. I get to interact with people all over the world who are passionate about the future of the organization and the profession. I find this aspect of the position very rewarding, in addition to the ability to help students find the career path that is best for them.

Regardless of whether or not a student initially pursues a public accounting career, more than 75% of all accountants end up pursuing careers in management accounting. To this end I formed a Joint Curriculum Task Force with the Management Accounting Section (MAS) of the American Accounting Association (AAA), which I chair. Our Task Force has developed an Accounting Education Framework that addresses these diverse education needs and has helped inform other curricular initiatives.

Changing Your Role
The combination of passion and talent led me to my position at IMA. You, too, could get so much more out of your position. Don’t be afraid to add to your job description or expand your perspective. There’s a wide variety of career options out there for you, many of which you may never have even considered!

What aspects of your current role would you change if you had the opportunity?

Written by Dr. Raef Lawson, CMA, CPA, CFP, CFA
Follow me on Twitter @RaefLawson

 

 

Related Links:

IMA Student and Academic Members Page – IMA
Faculty Titles Directory – Temporary Non-Track Positions – University of Connecticut