But Some Of My Best Friends Are Accountants

Well, that’s not entirely true. In fact, to be honest, I don’t have any friends who are accountants.

My thought is that accounting industry is one of many which needs to be re-thought. There are no doubt dozens of accountants out there who are wonderful managers and real innovators. None come to mind at present. If you know of any, please let me know.


2 thoughts on “But Some Of My Best Friends Are Accountants

  1. My role is Innovation Manager for a relatively large State Owned Enterprise. We have developed a number of New Products over the years and we have been successful at commercialising them. However I must say I really struggle with the bean counters. In my mind they are risk adverse, rear vision mirror people that use their personalities as contraceptives and have the imagination of lizard. No offence to lizards intended.

    They just don’t get Strategy, Vision, Mission, and always feel more comfortable with downsizing.

    The simple reason for this is that rapidly growing companies (Innovators) end up chasing “cash gaps” on the way up the Product Life Cycle. When companies are at the mature phase of the Product Life Cycle is normally when they have cash surpluses. So here is the Problem, Accountancy is set up for “Cash Cows” or even “Dogs” and they don’t feel comfortable with “Question Marks” and “Stars” as this is where the cash gaps are.

    The financial system is not set up for Rapid Growth companies. Too often many Boards are controlled by Lawyers or Accountants because they are perceived to be “Directors” as they run their own small businesses that charge by selling hours rather than by developing new products, (Well that is the way it is in New Zealand). Marketers on the other hand require products that have a USP, either technical or through design very really get onto Boards as they are normally always treated as employees.

    Accountants tend to take over from the innovator after waiting until the company has reached rapid growth and suffer from an acute attack of the resultant cash gaps.

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