Managing Through Victimhood and Learned Helplessness [VIDEO]
Have you ever rolled out of bed on a Monday morning, fired up and ready to take on the week, only to be met with a flood of excuses? You’re pumped, you’re ready to go,...
If strategic plans actually exist to create predictable growth, profit, and bank culture, why is it that most of them do the opposite?
Why is it that in most banks in America, the strategic plans don’t get implemented?
Why do I hear from hundreds of bank CEOs every year that they create a strategic plan, but don’t execute on it?
They don’t hit their projected numbers, and they don’t create lasting change. Instead, they keep bringing back the same recycled strategies, such as one change to a sales culture, but they never follow through with them.
That’s like overdribbling in basketball. If that eventually becomes the overall strategy—good dribbling but never shooting the ball, eventually the team and team owner will want to know why the score is still zero.
If you have that same problem, it’s not your fault.
When I was doing graduate work in strategic planning, one of the things I said to the professor was “I’ve been doing strategic planning for businesses for years using the system they teach you in the textbook, but have you noticed that those strategies don’t work”?
“Of course”, the professor said. “Actually, I’ve never really applied the lessons. I just teach.”
The new rules for creating a strategic plan are not what’s being taught in banking right now, but need to be.
We have to get on top of growth, profitability, and bank culture. That’s harder than it looks, but not impossible if you build the right strategic planning system.
Most banks get two things wrong when constructing their strategic plan:
1) They don’t effectively know how to create the strategies, and their strategic plan is a hodgepodge of items that are unrelated.
In most cases, there’s not even a strategy in the strategic plan. That’s a problem. Because without a true strategy, you do not move needles.
2) The other problem is how the strategic plan is implemented.
New software and companies can help execute the plan, yet most of them really don’t get the job done with this assistance because the strategic plan is ineffective.
It’s time to learn what kind of strategic planning works today because repeating what you have done in the past is not the solution.
I have a complimentary masterclass, Elite Strategic Planning Fundamentals, coming up on September 2nd, where I’m going to show you what has taken many banks from fourth quartile to top-quartile performers within 1 to 3 years. If they can do it, you can too, but not the same old way you’ve been doing strategic planning.
Let me show you how to do it in just the right way.
Hope to see you there.
– Roxanne Emmerich
Have you ever rolled out of bed on a Monday morning, fired up and ready to take on the week, only to be met with a flood of excuses? You’re pumped, you’re ready to go,...
So, I’ve had a mentor for about 30 years now. He’s one of the wealthiest people in the country, and when he came here, he had just fifty bucks in his pocket. He once...
So, are we as an industry overly regulated? Absolutely. But here’s the thing: when I sit down with my CEOs on Fridays—many of whom are in the top five percent of...
Are interest rates going up or down? Short-term or long-term? What? You don’t know for sure? Well, that’s actually a good sign. It means you’re thinking because...
Ready to transform your team? Click here to watch our free masterclass to discover proven strategies for tackling low performers, improving communication, and building...
Ready to unlock the secrets of high-performance cultures? Click here to access exclusive tools and insights, including Next Action Templates and the National Study of...
Merry Christmas to you, your team, and your family. At a time like this, we should stop and reflect on what this holiday is all about. It's all about family, and we...
Ready to build a high-performance culture? Click here to watch our exclusive masterclass and discover proven strategies for driving excellence in your organization....
Have you ever noticed it's a whole lot easier to get top performance from somebody who has more capabilities to be a top performer? So here's the challenge that I've...
Trick question for you. What is the number one motivator for employees? Every time I talk with executives, they often suggest that paying employees more—up to a...