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Back from Las Vegas - Now, back to business!!

By Jeffrey Thomson posted 07-05-2012 02:52 PM

  
Hi All,

I recently returned from IMA's 93rd Annual Conference in Las Vegas, including a global board meeting to review and approve IMA's budget and strategic plan.  I know that there were some concerns from the general membership about IMA's long term viability in an increasingly competitive environment, including announcement last year of a new competing management accounting credential.  I am very pleased to report -

  1. The board approved our growth plan including an innovation budget.
  2. This growth budget will allow IMA to sustain its successes of the past year, including a net gain of over 4,000 members, growth in the US for the first time in over two decades, CMA candidate growth in all regions of the world, and a record number of new CMAs, not to mention continued financial health.
  3. New strategic partnerships announced or reinforced to increase our global footprint and awareness, including a) J. Wiley and Sons Publishing, to co-brand the CMA Learning System, b) ACCA (Association of Chartered Certified Accountants), to collaborate on joint research, CFO roundtables, educational products and other areas which better serve the global market, and, c) SAFEA, the branch of the Chinese government that provides training and education to finance and accounting professionals in China.

Another IMA "competitive" asset continues to be our spirit of winning, of serving members and society, of volunteerism, and, of community.

Thanks.
   Jeff

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07-10-2012 08:25 AM

Hi Jeff...
You are well aware of my innovation challendge to the IMA... The CMA Firm... I hope the idea will be evaluated for domestic growth potential...
thanks
Sledge

07-09-2012 11:19 AM

Hi, Jeff,
Will ACCA and IMA develop a new designation like CIMA and CPA does?
Thanks! Glad you are back.

07-08-2012 12:02 PM

Doug/All,
In the coming weeks, we will describe the strategic plan to chapter/council leaders and the general membership. In short, a "growth budget" means that we are adding significant global headcount (first time in a long time for IMA) but we are committed to delivering more revenue, members, CMAs, candidates and most importantly, new customer products and services. The innovation budget will also be described to the general membership, but in short, we have a separate budget to solicit new ideas, to experiment (and perhaps fail), to evaluate, and to launch great new products and services for customers.
Thanks,
Jeff

07-06-2012 02:40 PM

Hi Jeff...
Thanks for the update....
Could you expand on the "growth plan including an innovation budget"..?
thanks
Sledge