Why Culture Cannot Be Delegated
Most banks pretend that culture can be delegated. Wrong. Elite banks weaponize culture as their profit engine. Here’s the system CEOs can’t ignore.
Welcome to the Top 5 Percenter™ Blog
Post-COVID Strategic Planning [VIDEO]
Don’t look now, but strategic planning season is right around the corner, and what do you do in a time with all of this unrest? Just when you’ve had a great PPP season and a record-setting season for mortgages, we know those games are over and now come the weak loans as a result of what we’ve just been through.
Video: Post-COVID Strategic Planning
So what kind of strategies do you need to have this year? Because there’ll be huge opportunities, as a lot of banks will be going under and giving up for those who pay attention to really pull ahead in a big way.
This is the time to get your executive team thinking strategically about opportunities. The old games aren’t going to be the ones that work. For example, I’ve been reading strategic plans for banks for the last 30 years, and so many of the strategic plans are filled with ideas that are not in fact strategies, like “Hire more commercial lenders.” Does that work to solve the commercial loan growth issue based upon the fact that we’ve seen thousands of banks try it over the years and never with any success?
So, we can’t keep throwing the same old solutions at the problems, especially since the problems are new. We’re coming into an election, and we don’t know the results. We don’t know what will happen with, interest rates. We don’t know what will happen with COVID, so now is the time that the executive team needs to understand strategy and what that means—how to think strategically, react quickly and change things as necessary to adjust—because those banks that stay fluid and strategic in their thinking will have a world of opportunity ahead of them.
– Roxanne Emmerich
Please watch the video above and share it with your exec team and board.
More From The Blog
Why Your Team Can’t Charge Premium Pricing—And How It’s Killing Your Legacy [VIDEO]
Premium pricing isn’t a tactic—it’s a mindset. When belief is missing, margin and legacy are at risk.
News Flash—Markets Don’t Dictate Premium Pricing [VIDEO]
Banks don’t lose margin because of the market. They lose it because of belief systems that keep them competing on price.
Higher Net Interest Margin With Less Risk – Fact or Fiction? [VIDEO]
Most banks chase NIM by matching rates. Top banks raise pricing by changing positioning. Here’s how they do it.
Rate Risk is a Big Risk—Play Smart [VIDEO]
Guessing interest rates is not a strategy. Here’s how top community banks remove rate risk and stay profitable.
Why Community Banking Matters—Especially at Christmas [VIDEO]
A Christmas reflection on why community banking matters—and why your leadership impact extends far beyond transactions.
Life in the World of Over-Regulation [VIDEO]
Top banks don’t complain about regulation—they execute around it. Here’s how the elite outperform anyway.
Why Is It So Important to Hold On to Low Cost Deposits [VIDEO]
Low-cost deposits are the ultimate margin advantage. Discover how top 5% performers attract them consistently—and why most banks fail to compete.
Can Strategic Thinking Be Taught or Nurtured [VIDEO]
Banks don’t fail from a talent shortage—they fail from a thinking shortage. Discover how critical-thinking systems like the SIR Formula build your future executives now.
A State of Gratitude [VIDEO]
A powerful Thanksgiving message on how gratitude shifts leadership presence, reframes pressure, and strengthens your bank’s performance culture.