STRATEGIC PLANNING SERVICES
Strategic Visioning
During a Strategic Visioning Session, realistic Visions and decision filters for your credit union are identified, discussed, validated and agreed upon by participants. Boiled down to the most fundamental language, Strategic Visioning is about deciding where participants want the credit union to be at a given point in the future.
C. myers' experienced facilitators guide participants through a robust and comprehensive process to help them think strategically about the changing competitive and demographic landscape, and the impact this may have to their business model—including target market and value proposition.
Many credit unions choose to combine the best of strategic planning with fast, reliable testing of ideas before they become strategic decisions by utilizing an Independent Assessment during the session.
Process Improvement and Project Management Services
Across all industries, up to 72% of projects fail according to the Project Management Institute's April 2009 Chaos Report. A poor project management process is the single largest reason for this high rate of failure. This lack of process prevents appropriate communication as to what should and should not be done, by whom and by when. Poor communication quite often leads to misunderstanding time commitments and overextending resources. In short, poor processes—be they planning, branch or lending processes—negatively impact ROA.
This is why c. myers brings Process Improvement and Project Management Services to its work with clients. Poor processes weaken good people's best efforts; these services can enable key players to consistently deliver superior results. They also provide powerful tools for identifying and eliminating waste in processes, which can lead to enhanced, organic earnings.
Financial Solutions Session
We can help your credit union fight to survive or prepare to thrive. This session is designed to help participants seek out clear financial answers to the following key questions related to accurately defining and achieving desired financial performance:
- What is our desired financial performance?
- What specific combination of decisions do we need to make to achieve our desired, short- and long-term financial performance?
- What sustainable changes do we need to make to our business model to achieve our desired financial performance?
- How long might it take?
Long-Term Financial Forecasting
With our Long-Term Financial Forecasting Service, we leverage the power of our Interactive A/L Budget Model to help executives better understand if their strategic objectives will result in their desired financial performance. And, if not, discuss and test various options to consider to align strategy and desired financial performance.
Contact us for more information.