c. myblog

June 22, 2017

Strategic Budgeting/Forecasting Questions: Establish Appropriate Measures of Success

The fourth entry in our 6 blog series about Strategic Budgeting/Forecasting Questions addresses measures of success, and how they should connect to the budget or forecast. Question 4 – Are our financial measures of success handcuffing the credit union strategically? There are many examples of appropriate and inappropriate measures of success as they relate to […]

June 14, 2017

Strategic Budgeting/Forecasting Questions: Consider Key Forces

This is the third entry in our 6 blog series about Strategic Budgeting/Forecasting Questions. Question 3 – What key forces could impact our forecast? Every good forecast should have a sound rationale and basis for the assumptions. If the current forecasting approach involves simply taking last year’s growth rates and assuming they continue, that will not […]

June 7, 2017

Strategic Budgeting/Forecasting Questions: Representation of Strategic Initiatives in the Budget and Forecast

The second entry in our 6 blog series about Strategic Budgeting/Forecasting Questions builds on an understanding of Question 1. Having identified the financial direction of each strategic initiative, decision-makers are better positioned to look at the budget and see how the initiatives are represented and, of course, ask “why” questions. Question 2 – How are […]

May 31, 2017

c. notes – 7 Core Competencies of a Strategic CFO

To view a printable version of this article, click here. Financial institutions of all shapes and sizes are witnessing historic changes in the environment as they struggle to embrace a world that is becoming more and more digital.  Credit unions, specifically, are facing increasing pressure to remain relevant in an environment that is fraught with […]

May 4, 2017

Strategic Thinking: Not Just Another Payment Competitor

A little more than 10 years ago, Apple® announced the creation of the first iPhone®. The ability to move seamlessly between phone calls, music, and browsing the web, all from a handheld portable device using our fingertips was a revolutionary concept at the time, and has forever changed the way consumers interact both at a […]

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