May 2016: Rakesh Shaunak, Managing Partner of MacIntyre Hudson, talks to ICAEW about commissioning ICAEW Academy to design a leadership programme for the firm’s new partners.
The transition isn’t a simple one however. As Rakesh explains: “The partner needs to be the ‘provider’ rather than the employee, and it takes much more than just dispensing technical advice. You need to be thinking and behaving like a leader, and be great at things like business development and client engagement.”
You no longer have anyone above you directing you, and are suddenly responsible for directing strategy, winning new business and growing the firm. Good training can go a long way to making this transition as fast and successful as possible.
So as Rakesh puts it, “choosing a provider is a big decision”. He spent a good deal of time researching professional development suppliers. When his HR director suggested ICAEW Academy, he thought: “The Institute? Really? Don’t they just deal with regulation and technical matters?” Rakesh runs a successful business and wanted to partner with someone experienced in preparing people for a commercial world, not just a technical one.
ICAEW Academy has run the programme for MacIntyre Hudson for two years now, and has received fantastic feedback from those who have taken part. Rakesh concludes: “The biggest benefit has been the mindset change. Individuals now realise they need to be working on the business rather than in the business. The focus for them is growth, clients and strategy rather than technical work, which is exactly the shift I was looking for.”
To talk to ICAEW Academy about professional development for you or your organisation, please call +44 (0)20 7920 8409 or email Lydia Lamdin.
ICAEW Academy is the home of CPD at ICAEW, offering a wide range of courses and programmes to support your career development. Its training instils applied knowledge – the activity, not just the theory – so that participants return to their organisations with innovative insights and practical solutions. Visit icaew.com/academy for more information.
Go to London Accountant for more features, news and opinion.