The Strategic Planning Lie That’s Keeping Banks Mediocre [VIDEO]
Roxanne Emmerich exposes the toxic lie behind most strategic plans—and the second-order thinking top banks use to pull away from the pack.
Does bank culture really matter?
Gallup tells us that if you have an average amount of disengagement, it will rob $3,400 from your bottom line for every $10,000 of payroll.
So YES, culture is a big deal.
And if your bank’s culture is broken, it can be fixed. In fact, that’s some of the easiest and fastest money to bring right to the bottom line—but only if you know what you’re doing.
That begs the question: What is culture, really? Is it a happy little feeling, deep inside? Unfortunately, if it is nothing but a “happy feeling,” it would be like eating Chinese food where you’re hungry an hour later.
It’s much more than that.
Culture is a series of systems that ties everyone to the values, behaviors, and outcomes of your organization, so everyone is aligned. In a nutshell, culture is best described as, “This is how we do things around here.”
Culture drives the performance, culture drives the behaviors, and culture drives the outcomes of the organization. And that’s the key.
I have a friend who says that no one has done more harm to the culture of businesses in America than Gallup. He said they ask survey questions like, “Do you have a best friend at work?” and “Do you have everything that you need to do your job?”
By their very questions, they’re building a culture of entitlement.
In a strong bank culture, when the impossible needs to happen, your people say, “Bring it on.” They feel that “everything is figureoutable.” Their motto is, “we can do hard things.”
Miracles are expected.
But for that to become a reality for you, you and your bank’s executive team have to understand what bank culture really is.
It is that fire in the belly to make great things happen—that purposeful drive to learn what you need to know so you can do the job that really matters.
Ready to start your Culture Transformation? Join me at our next Breakthrough Banking Blueprint Conference.
Culture is important—but only if you want to grow faster or make more profit.
– Roxanne Emmerich
Please watch the video above and share it with your exec team and board.
Roxanne Emmerich exposes the toxic lie behind most strategic plans—and the second-order thinking top banks use to pull away from the pack.
Your boardroom may be your biggest blind spot. Discover how elite banks fix strategy at the Breakthrough Banking Blueprint™ Bootcamp.
Great employees don’t automatically produce great bank results. Discover why Top 5% performance requires employees who understand profitability, create deeper relationships, command premium pricing, and become trusted advisors customers never want to leave.
Elite banks aren’t born elite. They build systems, practice the right behaviors, and continually sharpen how they create value. Discover what helps top 5% banks reach exceptional performance—and stay there.
What separates America’s top-performing community banks from everyone else? Discover the systems, culture, and performance disciplines that help extraordinary banks protect profitability and independence.
Most banks lose the pricing conversation long before rates are discussed. Discover how elite community banks command premium pricing while protecting profitability and independence.
Most banks never intend to compete on price, yet rate matching quietly erodes profitability every day. Discover the strategy that allows top-performing community banks to command premium pricing and protect net interest margin.
The best community banks don’t win pricing wars—they avoid them. Discover how stronger positioning leads to higher net interest margin and greater profitability.
The highest-performing community banks don’t waste months searching for their ideal customers. Discover the proven process they use to identify profitable relationships quickly and execute with confidence.
Most banks believe their market determines pricing. Discover why that belief destroys profitability—and how elite community banks command premium pricing instead.