Sparks from the Anvil

The 3 Reasons Strategic Plans Fail

Posted by Tom Parsons on 11/14/17 3:17 PM
Tom Parsons
Find me on:

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 or book time directly on his calendar by clicking this link.

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

Market Analysis

Claim your free market analysis

Click here and tell us what you would like to know about your market. Our strategic advisor, Kevin Stang, will prepare a personal report helping you to...

  • Identify high-value locations
  • Evaluate potential new markets
  • Align your strategic plan with your audience

Get your free report here!

Subscribe to Email Updates

Recent Posts