c. myblog

May 6, 2016

Don’t Let the HOW Stand in the Way of the WHAT in Strategic Planning

We find that one of the pitfalls of the strategic planning process is that too much focus is placed on the “how” (implementation) before the “what” (strategy) has been decided. Often, decision-makers will gravitate toward the “how” because it feels more tangible but also because it seems to help determine the likelihood of success. This […]

March 24, 2016

Grow or Die – A Strategic View of Growth

Grow or die. We hear this quite often. But what does it really mean? The game has changed. Credit unions are no longer just competing against other financial institutions. Non-traditional competitors are taking away non-interest income, especially sources such as interchange income. At the same time, non-traditional competitors, such as Lending Club and Sofi, are […]

February 25, 2016

Are Your Predictions Limiting Your Strategic Thinking?

I think there is a world market for maybe five computers. — IBM president Thomas Watson, 1943. Apple is already dead. — Nathan Myhrvold, former CTO of Microsoft, 1997. Neither RedBox nor Netflix are even on the radar screen in terms of competition. It’s more Wal-Mart and Apple. — Blockbuster CEO Jim Keyes, 2008. These […]

January 21, 2016

Strategy and Risk Management – Is Leadership in Sync?

Understanding and prioritizing strategy has never been more complex, especially as new disruption continues within the industry. Beyond delivering valued products and services profitably to members while remaining safe and sound, decision-makers face new threats to remaining relevant as non-traditional competitors create inroads into financial services. With limited resources, success can depend on choosing the […]

January 7, 2016

Strategic Planning for Mobile Users

It is a safe bet to assume that many credit union strategic plans include a focus on engaging mobile users. One of the first steps in engaging a consumer is to better understand them. The Federal Reserve’s report, Consumers and Mobile Financial Services 2015, is nothing short of a treasure trove of data that has […]

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