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.”