Over the past 30 days we have been directly or indirectly involved in the development of several bank strategic plans. The first thing you notice is how many of last year’s objectives were not met. The next thing you notice is the amazing amount of “carry forward” from one year to the next. Many banks just simply modify the previous year’s plan. Finally, you can’t help but recognize how unremarkable many of the objectives are. They are not edgy or new enough to make much of a difference.
SCMG recommends that if the change is not likely to significantly effect the bottom-line then don’t spend any time on it. Focus on a few remarkable ideas this year that will have a real impact on your culture and profitability. Implement your strategic objectives and do not let the status quo protectors win again this year!
Love it! A few remarkable ideas to chew on (individually speaking)? I bet you'll say schedule, but what would be the most remarkable way to implement a schedule? Clock management?
The only way to effectively implement a schedule is to make it a team effort with individual responsibilities. Your team must get into the habit of working with a schedule on a daily basis. If done correctly, you will become up to 400% more effective both personally and professionally.
First you need to put a highest “C” personality in charge of the schedule. Then you implement a non-negotiable standard that everyone will abide by the schedule. Also, for the first 90 days you will need to follow-up with each team/family member on a weekly basis to ensure implementation.
Live long and prosper and let us know how it goes.