Eliminate the Non Essentials

“The wisdom of life consists in the elimination of non-essentials.” —Lin Yutang The above quote starts chapter one in Greg McKeowan’s book Essentialism. While the book deals more with how you handle your multiple responsibilities, there are plenty of business...

The Cost of Not Planning

In chatting with a financial institution CEO recently, they said they were going to cut doing a strategic planning session from their budget in the upcoming year. Why? The board felt they needed to control expenses and not doing a planning session (or using a...

Strategic Planning & The Empty Chair

Note: This piece originally appeared in CU Insight and CB Insight We’re in the fourth quarter of the year. The end of October and the start of November tend to mean one thing on the credit union and banking calendar: planning season. While some financial institutions...

The Myths Behind Strategic Plans that Fail

Myth: most organizations are successful in their strategic planning Truth: about 70% of strategic planning fails With the amount of time and effort that goes into strategic planning, this statistic isn’t the truth most organizations want to hear. An even sadder...

Your Real Competition

Every bank or credit union thinks they know their competition: other financial institutions. When making a list of competitors, the usual suspects arise, such as large national banks, other local banks/credit unions and maybe a few Internet or non-traditional sources...