In today’s rapidly changing business landscape, global accounting networks find themselves navigating an intricate web of challenges. Operating across borders, they must confront diverse regulatory environments, cultural dynamics, and emerging technologies.
In this complex ecosystem, the importance of strategic practice cannot be overstated, particularly in an increasingly competitive mid-market space. These networks must equip themselves with the tools to thrive in this ever-evolving environment, enabling them to seize opportunities, mitigate risks, drive sustainable growth, and maintain a competitive edge.
With a purview of more than 140 member firms, prominent mid-market player Baker Tilly International is one such firm contending with these stubborn challenges.
For CEO Francesca Lagerberg, who is approaching her one-year anniversary in the role, strategic action is the only way forward. In this conversation, she sheds light on how the economic and political landscape is influencing business continuity, how the demand for certain services is being shaped by this turbulence, why the firm is sharpening its focus on sustainability, and much more.
Timestamps
00:00 Introductions
00:52 Experience during Francesca’s first year as CEO
02:50 Global challenges and how the UK compares
04:31 How the economic slowdown has been reflected in the demand for services
06:01 Service line plans
07:51 Talent challenges
09:08 Why the emphasis on ESG in the mid-market?
10:42 The advisory services boom
12:23 Thoughts on EY’s failed split plan
15:13 Further consolidation plans for Baker Tilly
16:44 Digitalisation in the network
18:32 Francesca’s future
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