Posts Tagged ‘change’
No Succession Plan? What could go wrong?
Succession planning can be seen as a “nice to have,” but it can wait. Umm, not so much. I was an executive with a credit union when the CEO died suddenly at a legislative breakfast at the state capitol. The disruption, disarray, and sense of fear were overwhelming. Key executives were more worried about their…
Read MoreBad, bad culture…
Corporate culture refers to the values, beliefs, and behaviors that shape a company’s overall work and service environment. A positive corporate culture enhances employee satisfaction, fosters innovation, and promotes productivity. Conversely, a bad corporate culture devastates a company, its employees, and its customers. In this article, I will explore the dangers of bad corporate culture…
Read MoreTo Lay Off or Not to Lay Off – the big question
The decision to lay off employees is one of the most challenging decisions a company can make. It is often a last resort in response to changing market conditions, financial difficulties, or shifts in the company’s strategic direction. However, while layoffs can be necessary for a company to survive, it is essential to approach the…
Read MoreWhy a Fractional Executive?
In today’s fast-paced and ever-changing business environment, it’s becoming increasingly important for companies to be flexible and adaptable. One way to achieve this is by hiring a fractional leader or an interim or part-time executive. A fractional leader is an experienced business professional hired to fill a temporary leadership role, typically for a specific project…
Read MoreStrategic Planning – Is there a right way?
Strategic planning isn’t: A box to check on your NCUA examination. A one or two-day brainstorming event To plan incremental growth without changing anything Done during budgeting time. Strategic planning should be started in Q1 or Q2 so that when the organization gets to budgeting time, the strategic objectives have been established, and the resource,…
Read MoreAir Travel, Leading and Stress: What do these have in common?
Stress is part of our lives. Outside forces can cause us stress, and we can also bring on stress for others and ourselves. Air travel is a source of stress; that makes it a good metaphor for stress management behaviors. Many people find air travel very stressful. The stress surrounding air travel is not unlike…
Read MoreSo You Want to Be a Leader; a 3 Step Primer
So, let’s define leadership. Leadership IS NOT about title, rank, direct reports, or hierarchal power. Leadership IS about creating change. A person that is not creating change is maybe a satisfactory task and people manager but not a leader. Being a leader requires the individual to have the courage to take risks, use her/his voice…
Read MoreThree Things Every Leader Must Know
Leadership is not for sissies. Leadership is not about you. Leadership has a price. Let’s diagnose each of these requirements. Leadership is not for sissies – To be an authentic leader takes courage. This courage is realized in many ways. Sometimes it is the courage to do what you don’t want to do, to do…
Read MoreFive Strategic Questions for the Board and Senior Management
It’s a strange time for credit unions. Credit unions face unprecedented pressures from regulators and examiners and capital pressures for net interest margins and fee income. Often they don’t benefit from “economies of scale” or the resources, people, and capital, to invest in the infrastructure demands of vendor due diligence, regulatory compliance, or technology demands…
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