Posts Tagged ‘strategic planning’
Strategic 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 More
Moving From Incremental to Transformational Growth
Too often, I see organizations that keep getting in their way. They celebrate mediocre performance, average results, and incremental growth. Occasionally I find an organization that is satisfied in just cruising slowly into obsolescence, unwilling to admit what is happening to the company. Today’s competitive, fast-paced business climate does not tolerate mediocracy for long. Companies…Read More
5 Post-Covid Strategies
Everyone seems to be talking about the new normal, and I am not a fan of “new normal.” Normalcy has always been the siren’s call to irrelevancy and plateauing for credit unions. Here are the five things your credit union needs to consider as we move out of this pandemic: 1. Branches that don’t transition…Read More
Three Must Haves in your Strategic Plan
As you move into our strategic planning and budgeting cycles, there are three must-haves when crafting a prosperous future for your credit union: A Plan for Transformation: Strategic Plans should be designed to transform the organization. If the culture is, “If it ain’t broke, don’t fix it,” then don’t waste your time and money doing…Read More
Getting Your Ducks in a Row – Strategic Planning
We often think about strategic planning as a one or two-day event that involves some crucial steps: Validating your mission, vision, values Doing a SWOT (Strength, Weakness, Opportunities, Threats) analysis Thinking BIG about what you want to become Identifying 3-5 vital strategic initiatives that will take you to this future place These four steps are…Read More
Wait, let’s not be emotionally driven – Really, NOW?!?
Why us it anytime something extraordinary happens, the “anti-change” elements of our organizations say, “Well now, we have to be careful, we don’t want to be driven by emotion?” Let talk. People who say, “let’s not be driven by emotion” are typically change-resistant. This “catchphrase” is a way to stop innovation and change conversation. They…Read More