Sparks from the Anvil


The 3 Reasons Strategic Plans Fail

Posted by Tom Parsons on 11/14/17 3:17 PM
Tom Parsons
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Why does strategic planning matter? Jim Fugitte, Director of Strategic Advisory Services, explains that banks with a strategy outperform their peers – when they execute the plan.

In his September 2017 contribution to the ICBA Magazine, on page 55, Jim outlines the 3 reasons strategic plans fail:

  • Lack of a planning system
  • Lack of accountability
  • Lack of measurable objectives

“Execution fails because you can’t link, track, measure and communicate results across disparate systems.”

Download a copy or visit Independent Banker to read the complete article and learn more about executing a strategic plan.

Jim is available to answer your questions about strategic planning, and how Plansmith can help your bank to successful plan execution. You can contact him via email jfugitte@plansmith.com or book time directly on his calendar by clicking this link.

Tags: bank strategy, bank strategic planning software, Strategic Plan

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