Bake’s Takes Volume 1, Issue 7

by | Oct 1, 2024

ARTICLE | October 01, 2024

October 2024, Volume 1, Issue 7

Bake’s Takes: A KHA Management Consulting Recommended Reads by Jonny Baker, Strategic Consulting Partner.

Hot Take: “No book is really worth reading at the age of ten which is not equally – and often far more – worth reading at the age of fifty and beyond.” – C.S. Lewis

As a leader you need exposure to varying perspectives, insights, and ideas.

This month’s Top 3:

The Discipline of Teams, Katzenbach and Smith

  • Article on how we often mislabel working groups as teams. It talks about how ideal teams range from 2-4 in number with clear mission, focus, and measurables. Each member must bring equal engagement and be assessed for technical or functional expertise, problem-solving and decision-making skills, and interpersonal skills.
  • It also discusses the type of teams needed for different objectives such as teams that recommend things, teams that make or do things, and teams that run things.

“Nonetheless, real teams at the top of large, complex organizations are still few and far between. Far too many groups at the top of large corporations needlessly constrain themselves from achieving real team levels of performance because they assume that all direct reports must be on the team, that team goals must be identical to corporate goals, that the team members’ positions rather than skills determine their respective roles, that a team must be a team all the time, and that the team leader is above doing real work.”

How Management Teams Can Have a Good Fight, Eisenhardt, Kahwajy, Bourgeois

  • This article is critical for management teams. If healthy conflict cannot happen, organizations, and their stakeholders, fail. To get to the point of having a good fight, there must be high trust and confidence amongst the team.
  • In those environments described in the favorite line above, team members worked with more, rather than less, information and debated facts, developed multiple alternatives to enrich debate, shared goals, used humor in the process, maintained a balanced power structure, and resolved issues without forced consensus.
  • Side bar: This is not fairy tale and it can be done, as foreign as this may seem, we have seen management teams we have worked with get to this point.

“The teams with minimal interpersonal conflict were able to separate substantive issues from those based on personalities. They managed to disagree over questions of strategic significance and still get along with one another.”

Who Has the D?: How Clear Decision Roles Enhance Organizational Performance, Rogers and Blenko

  • Interesting article that introduced the “RAPID” method (in functional order: Recommend, Agree, Input, Decide, Perform) to decision making, clarifying every role in the process and who distinctly sits in each letter. It is likely if decisions are hard to come by or get to in your organization, the roles are unclear or conflicted.
  • The article shows some quite comical independent surveys done where two distinct groups were asked who has decision making authority in particular singular areas: low and behold, with a maximum criteria score of 100%, one result was 147% and the other 138%.

“Here, as elsewhere, someone needs to think objectively about where value is created and assign decision roles accordingly.”

Why Bake’s Takes: I have been accused by friends, colleagues, and clients of pelting people with articles and book recommendations. Some of my mentees have stacks of books they will never get through (some of my mentors too). As such, I have decided to curate a monthly summary that holds what I deem to be the 3 best articles or reads of the month (when I read them, not published that month). I do love Harvard Business Review and you will see much of it as my work is focused on equipping leaders for the tough tasks ahead of creating vision, alignment, and execution. I have yet to find a better resource for equipping that work well.

Learn more about our offering: https://kha.cpa/services/consulting/

Questions or Want to Talk?

Call us directly at 972.221.2500 (Flower Mound) or 940.591.9300 (Denton), or complete the form below and we’ll contact you to discuss your specific situation.
  • Should be Empty:
  • Topic Name:

Real Estate and Cost Segregation

Learn more about cost segregation studies and found out if performing one is a smart next step for your real estate portfolio.

Building a Family Limited Partnership That Lasts: What High-Net-Worth Families and Business Owners Need to Know

Most business owners think about succession planning far too late. A Family Limited Partnership, when established early and managed with discipline, gives founders something rare: the ability to transfer economic value to the next generation gradually, deliberately, and on their own terms — without giving up operational control in the process. It is one of the most effective wealth transfer and succession planning tools available. It is also one of the most scrutinized by the IRS. Before you build one, make sure you understand what it takes to make it last.

Manufacturers: A New Tax Break Could Let You Write Off Your Entire Facility on Day One

Congress just handed manufacturers one of the most significant tax incentives in decades. Under the new One Big Beautiful Bill Act, qualifying businesses can now deduct 100% of the cost of a new production building in the very first year it is placed in service — instead of spreading that deduction over 39 years. For a business investing $5 million, $10 million, or more in a new or expanded facility, that difference could be transformational. But the rules are strict, the election is irrevocable, and the clock is already ticking. Read on to find out if your facility qualifies and what you need to do before you file.

The State Tax Divide: What High-Tax State Residents Need to Know Now

Two decades ago, 21 states had top income tax rates between 5 and 7 percent. Today, only 12 do. Meanwhile, 26 states now have rates below 5 percent or no income tax at all, while six states have climbed to double-digit rates. With more low-tax alternatives than ever before, businesses and high-net-worth individuals in high-tax states need to consider their options now—before policy changes catch them off guard.

What Every Taxpayer Needs to Know About the 2026 Tax Season

The 2026 tax filing season brings several significant changes that could affect your refund timeline and filing approach. Between IRS staffing reductions, new postal service postmark rules, and a transition to electronic payments, taxpayers who wait until April to file or who rely on paper submissions may face unexpected delays and penalties. The good news? With a few proactive steps—filing electronically, mailing early, and setting up direct deposit—you can avoid these pitfalls and ensure a smooth filing experience.

529 Plans Explained: How to Save Thousands on Education While Reducing Estate Taxes

529 plans offer more than just tax-free college savings. From funding K-12 tuition to repaying student loans and even reducing estate taxes, these versatile accounts provide powerful benefits that many families overlook. Learn how to maximize your education savings strategy with step-by-step guidance on setting up, funding, and managing 529 plans for your children or grandchildren.

Beyond the Balance Sheet: Building the Next Generation of Successful Wealth Stewards

The statistics are sobering: 70% of wealthy families lose their wealth by the second generation, and 90% have depleted it by the third. Yet despite these well-documented trends, most affluent families continue to focus primarily on tax optimization and asset protection while neglecting the most critical element of successful wealth transfer: preparing the next generation to be responsible stewards of family assets.