Masters of the “So What” of the Numbers and Data
May 22, 2019
In a past edition of our c. notes, we discuss the Key Competencies of Strategic C-Suite Teams. While in the c. notes we explore 7 key competencies, in this blog we focus on the 6th competency – masters of the “so what” of the numbers and data to strategically drive the credit union forward, so much so that the business intelligence is actively used, often in real time.
The strategic executive is not simply a master of the data and the numbers, but is also able to distill them into easily understandable decision information and effectively communicate their meaning throughout the organization. The strategic executive, especially when armed with a thorough understanding of the credit union’s business model, will use the numbers and data to:
- Create and timely evolve a compelling value proposition
- Help employees deliver on the credit union’s value proposition at every interaction
- Guide the organization to financial relevancy and sustainability while simultaneously navigating the economic environment
- Pilot more programs, fail fast if they don’t work, and, most importantly, apply learnings to the next project
- Connect dots that don’t seem to be connectable to create true differentiation
The strategic executive is able to see the forest, the trees, the bark, and the roots. This requires thinking and analysis at various levels.
Continue reading to learn more about the other 6 Key Competencies of Strategic C-Suite Teams.