Your credit union’s strategic plan success: 5 best practices

first_imgDDJ Myers speaks to hundreds of credit unions every year. This helped inform us that with the ever-changing industry dynamics facing boards and executive teams, credit unions require a reinvigorated approach to formulating and executing their strategic plans. Board members and management are asking for the same progress in the dialogue during the strategic planning session. We have carefully listened to the challenges that face credit union leadership and boards and constructed five best practices to implement right away for a more successful strategic planning process. Educate your board ahead of time Understand the competitive landscape and the market holisticallyOutline your membership demographics and define your target membershipMap out your credit union’s cultural variables by examining your executive team’s decision-making process and your staff’s strengths Define your credit union’s capacity for change and risk tolerance  continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img