The Art of Strategic Planning in Community Banks
Our first book in The Art of... series lays the fundamental cornerstone bank directors need to create a mind set that boosts bank value and strength.
Designed expressly for community banks, The Art of Strategic Planning lays the fundamental cornerstone bank directors need to create a mind set that boosts bank value and strength.
The book is short. Each chapter can be absorbed in less than 10 minutes. The concepts are elegantly simple and the steps to creating and using the strategic plan are straightforward.
Use the concepts and steps in this book to boost the value of your bank:
- Set your goals high: To produce extraordinary results, start with a high-performance benchmark.
- Take the long-term approach: Board members must focus on long-term strategic goals that build the value of the bank not just short-term planning.
- Average goals produce average results: Too many bankers settle for an average goal. Reach for the stars–envision the value of your bank in 10 years and create attainable milestones.
- Plan to solve problems: Beyond reaching your goals, use your strategic plan to tackle loan issues and regulatory concerns or to create a management succession plan.
- Directors must address risk: The board has the responsibility to set the levels of risk that act as a "speed limit" for management.
- Understanding ALM: To set policy parameters effectively, directors need to fully grasp the economic value of equity.
- Put the community into your bank: The smartest community bankers know their communities provide resources and are an excellent source of equity. "Every shareholder is a customer and every customer is a shareholder."
- Make the strategic plan dynamic and keep it fresh: Strategic plans should never gather dust.
Order The Art of Strategic Planning in Community Banks
If you prefer to mail your payment complete and send in an order form today or contact Stephanie Flurer directly at 800.780.8362.
Other Books in The Art of... Series
- The Art of Tax Efficiency in Community Banks
- Our 3rd book in the series aims to help community banks achieve and maintain tax efficiency as part of the strategic process.
- The Art of Risk in Community Banks
- It's Your Bank: Take Control of Risk. The Art of Risk is specially written to provide the guidance community bank directors need to fully understand the risk/reward profile.