How to Dump SALY and Find a New Creative Approach to Accounting
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Transcript of How to Dump SALY and Find a New Creative Approach to Accounting
The Accidental Accountant™ Copyright 2014
How to Dump SALY and Find ANew Creative Approach to
Accounting
Presented by: Peter A. Margaritis, CPA
May 29, 2014
The Accidental Accountant™ Copyright 2014
Peter A. Margaritis, CPA“The Accidental Accountant”™
Education • Training • Consulting • Motivation • Humorist
Making the complicated simple
Subscribe to my eNewsletterwww.petermargaritis.com
click: contactclick: subscribe to Peter’s eNewsletter
Twitter: @pmargaritis
The Accidental Accountant™ Copyright 2014
Who is SALY?
• Why is SALY a hinderance to your creativity?
• How can being more creative enhance your career?
• Who feels that they are creative? or can be?
The Accidental Accountant™ Copyright 2014
IntroductionIn the book, Creative Confidence by Tom Kelley, he uses the following as an examples of the importance of creativity.
• “An IBM survey of more than 1,500 CEO’s report that creativity is the single most important leadership competency for enterprises facing the complexity of global commerce today.
The Accidental Accountant™ Copyright 2014
Introduction• “An Adobe Systems poll of 5,000 people on
three continents reports that 80% of people see unlocking creative potential as key to economic growth. Yet only 25% of these individuals feel that they’re living up to their creative potential in their own lives and careers.”
The Accidental Accountant™ Copyright 2014
Creative Confidence
• “Creative confidence is about believing in your ability to create change in the world around you.
• It is the conviction that you can achieve what you set out to do. It is like a muscle - it can be strengthened and nurtured through effort and experience.”
The Accidental Accountant™ Copyright 2014
Can Creativity be Taught?
Creativity can be taught according to the April 2014 edition of Fast Company. Fast Company polled its most creative people and “73% of them believed creativity can be learned but you may have to shake up your routine to get there.”
The Accidental Accountant™ Copyright 2014
Can Creativity be Taught?
• So what are important qualities for creative people to cultivate Thatgamecompany cofounder and creative director Jenova Chen say that "creativity is not talent but attitude,"
• An overwhelming number of those polled tied increased creativity to breaking out of patterns, exploring new environments, and being open to the unfamiliar.
The Accidental Accountant™ Copyright 2014
Can Creativity be Taught?
• LittleBits founder Ayah Bdeir advises to "look outside your field—the most creative solutions come at the intersections of disciplines,"
• WET CEO Mark Fuller suggested to "take things you have learned that seem completely irrelevant and ask yourself how to apply them to the challenge at hand.
The Accidental Accountant™ Copyright 2014
Can Creativity be Taught?
• Fashion.me cofounder Renato Steinberg says that "creativity happens when you get two people or two things that don't seem connected and find a way to connect them."
• But the most welcome news for many of us: some of the most common pieces of advice to bring out creativity were variations on "take more naps."
The Accidental Accountant™ Copyright 2014
Creativity, What is it?
Creativity is “the ability to transcend traditional ideas, rules, patterns, relationships, or the like, and to create meaningful new ideas, forms, methods, interpretations, etc.; originality, progressiveness, or imagination”
The Accidental Accountant™ Copyright 2014
Creativity, What is it?Creativity for left-brain thinkers requires:
1. Have an open mind
2. Yes And
3. Do not judge: duct-tape the mouth of your inner critic
4. Have an objective and follow the process
5. Accept failure
The Accidental Accountant™ Copyright 2014
Creativity, What is it?
“Inside The Pixar Braintrust" (Fast Company, April 2014) comments, “A hallmark of a healthy creative culture is that its people feel free to share ideas, opinions, and criticisms. Our decision making is better when we draw on the collective knowledge and unvarnished opinions of the group. Candor is the key to collaborating effectively. Lack of candor leads to dysfunctional environments.”
The Accidental Accountant™ Copyright 2014
Creativity, What is it?Creative Confidence presents eight ways to help you cultivate a creative
spark.
1. Choose creativity
2. Think like a traveler
3. Engage relaxed attention
4. Empathize with your end user
5. Do observations in the field
6. Ask questions, starting with “WHY?”
7. Reframe challenges
8. Build a creative support network.
The Accidental Accountant™ Copyright 2014
Creativity, What is it?
The Accidental Accountant™ Copyright 2014
Innovation, What is it?
• Taking creative ideas, analyzing them, and implementing the best ideas.
• Effectively Applied Creativity
• The Economist article “Thanksgiving for innovation” claims that,“innovation is now recognized as the single most important ingredient in any modern economy.”
The Accidental Accountant™ Copyright 2014
Innovation, What is it?
Tom Kelley’s book, “The Ten Faces of Innovation” states, “A great product can be one important element in the formula for business success, but companies that want to succeed in today’s competitive environment need much more. They need innovation at every point of the compass, in all aspects of the business and among every team member.”
The Accidental Accountant™ Copyright 2014
Innovation Process
Problem Objective Ideas
EvaluateImpleme
nt
The Accidental Accountant™ Copyright 2014
Change Your Perception
The Accidental Accountant™ Copyright 2014
Change Your Perception
The Accidental Accountant™ Copyright 2014
Change Your Perception
The Accidental Accountant™ Copyright 2014
The Accidental Accountant™ Copyright 2014
What is Brainstorming
What is the purpose of brainstorming? When have you used this technique? Was it successful? What challenges does this process possess?
The Accidental Accountant™ Copyright 2014
Brainstorming
Increasing Efficiency
The Accidental Accountant™ Copyright 2014
Brainstorming for Left Brainers
Write the problem and your objective you need to achieve or solve on a piece of paper. Then use one of the following methods to generate new ideas.
1. Outrageous Opposites
2. Funnel Approach
3. Mind Mapping
4. Method of silence
The Accidental Accountant™ Copyright 2014
Outrageous Opposites
Creativity is a blend between obvious and outrageous. We can take the obvious and generate the outrageous by thinking of its opposite.
What is opposite? There are direct and indirect opposites:
• Black/White Yeng/Yang
• Man/Woman Dog/Cat
• Man/Boy Girl/Woman
• Thick crust/Thin crust Accounting/Sales
• World Series/Cubs
The Accidental Accountant™ Copyright 2014
Outrageous OppositesObjective: Hot Dog Toppings
Traditional Outrageous
Mustard
Onions
Relish
Ketchup
Chili
Cream Cheese
Pulled Pork
Mac n Cheese
Wasabi
Pickles
Fried egg
BBQ sauce
Sauerkraut
Nothing
Sun-dried tomatoes
Salsa
The Accidental Accountant™ Copyright 2014
Outrageous OppositesObjective: Recruiting Staff 5+ Years Experience
Traditional Outrageous
The Accidental Accountant™ Copyright 2014
Outrageous Opposites
1. What did you like/dislike about this approach?
2. What surprised you about this approach?
3. How can you use this in your daily life?
The Accidental Accountant™ Copyright 2014
The Funnel ApproachThe funnel approach encourages thinking at many different levels. When
we are brainstorming we generate random ideas, some are very broad and some are very specific and these ideas are all lumped together. The funnel approach allows us to separate the broad ideas from the specific ideas and brainstorm more fluidly from one to the other.
• Broad ideas - concepts, categories, general approach
• What is this an example of?
• Specific ideas - details, actions, narrow approach
• What are examples of this?
The Accidental Accountant™ Copyright 2014
The Funnel ApproachObjective: Long Weekend
Broad Specific Actions
Mountains
Beach
Lake
Urban area
Sports
Romantic
Cultural
Thrill
Smoky Mountains
Sanibel Island
Lake Cumberland
Seattle
Baseball
Bed n Breakfast
Art Museum
Cedar Point
Look for cabins
Check airfares
Rent houseboat
Get hotel
Reds game
Research
Contemporary
Get hotel
The Accidental Accountant™ Copyright 2014
The Funnel ApproachObjective: Increase Profitability
Broad Specific Actions
The Accidental Accountant™ Copyright 2014
The Funnel Approach
1. What did you like/dislike about this approach?
2. What surprised you about this approach?
3. How can you use this in your daily life?
The Accidental Accountant™ Copyright 2014
Mind MappingThe mind mapping approach is an approach where we break an objective down
into its attributes, then break those attributes down even further into its details, then analyze the details from the different attributes, then create combinations in order to solve the problem. This method allows us to focus on these individual silos rather than trying to solve the whole problem at once.
The major advantage that the mind mapping approach has is that it can generate an enormous amount of ideas in a very short period of time.
The Accidental Accountant™ Copyright 2014
Objective
Attributes
Attributes Attributes
Attributes
Details
DetailsDetails
DetailsDetails
Details
Details
Details
Details
Details
Details
Details
The Accidental Accountant™ Copyright 2014
Objective
Details
Details
Details
Details
Details
Details Details
Details
Details
Details
Details
Details
The Accidental Accountant™ Copyright 2014
Mind MappingObjective: New restaurant
Food Type Theme Service Locations
The Accidental Accountant™ Copyright 2014
Mind MappingObjective: New restaurant
Combinations?
The Accidental Accountant™ Copyright 2014
Mind MappingObjective: Vacation
The Accidental Accountant™ Copyright 2014
Mind MappingObjective: Vacation
Combinations?
The Accidental Accountant™ Copyright 2014
Mind Mapping
1. What did you like/dislike about this approach?
2. What surprised you about this approach?
3. How can you use this in your daily life?
The Accidental Accountant™ Copyright 2014
The Method of SilenceThe method of silence begins by determining your objective and then have your
team sit silently and write down different ways to tackle it. There are many ways you can implement this method, but the best way is to use post-it notes.
Write your objective on a whiteboard and have your team begin writing ideas on the post-it notes and place the post-it notes on the whiteboard. The facilitator will read them and then begin categorizing them into groups.
Be vewy, vewy quiet
I am genawaiting ideas
The Accidental Accountant™ Copyright 2014
The Method of Silence
Post-itNotes
Post-itNotes
Post-itNotes
The Accidental Accountant™ Copyright 2014
The Method of Silence
Post-itNotes
Post-itNotes
Post-itNotes
The Accidental Accountant™ Copyright 2014
The Method of Silence
1. What did you like/dislike about this approach?
2. What surprised you about this approach?
3. How can you use this in your daily life?
The Accidental Accountant™ Copyright 2014
Five Takeaways1. _______________________________________________________
2. _______________________________________________________
3. _______________________________________________________
4. _______________________________________________________
5. _______________________________________________________
The Accidental Accountant™ Copyright 2014
Thank You!
The Accidental Accountant™ Copyright 2014
Contact information:
Peter A. [email protected]
614/668.2936www.petermargaritis.com