Getting the Right Things Done Right
February 5, 2020
2 minute read – In a past edition of our c. notes, we discuss the Key Competencies of a Strategic C-Suite Team. While in the c. notes we focus on 7 key competencies, in this blog we spotlight the fifth competency – demonstrating consistent and successful execution of the things that really matter to the credit union.
When over 70 percent of all projects fail, demonstrating consistent and successful execution of the things that really matter to the credit union is the ultimate test of a strategic executive. Being crystal clear on the strategic direction and business model is incredibly important; but by itself, only gets the credit union so far. With daily competing interests, the ability to get the right things done right, across the organization, is much easier said than done.
This is where the power of saying “No” comes in. Strategic executives recognize that precious resources, such as talent, brain power, time, and money, must be allocated strategically. They are instrumental in avoiding the habit far too many businesses have of spreading resources too thin.
Strategic executives help create a culture and environment that is intentional about aligning what is done daily with the strategic direction of the organization. Strategic executives help the credit union save precious time and resources that would otherwise be lost on misguided projects, which often result in a lot of motion but no strategic progress. We have also observed that this tenacious mindset is directly related to stronger financial performance and greater opportunity for member giveback.
Read to learn more about the other 6 Key Competencies of a Strategic C-Suite Team.