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Posts tagged with "planning"


The importance of succession planning at community banks

According to AARP, approximately 8,000 Baby Boomers are reaching retirement age (65) every day in the United States. Look around at your bank’s leadership and ask yourself – how many of them will be getting there shortly? Depending on your answer, you might also ask – how solid is your succession planning? If you’re wondering…

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Best Ways to Optimize Your Budgeting, Planning, and Forecasting Processes

How does your financial institution approach performance management? Are you still taking a silo approach to the key aspects of successful PM, including planning, budgeting, and forecasting (PBF)? Are you trusting the way you’ve always done PBF will keep your organization moving forward in today’s faster, streamlined marketplace? Performance management is evolving, and financial institutions…

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The Right Way to Draft Your 2017 Marketing Plan and Budget

I have seen many financial institutions’ marketing budget and marketing plan in my day, and I’m often amazed at the thought process that goes into them. They run the gamut from extremely complex to entirely too vague. Some banks and credit unions just automatically give their marketing department the same number of marketing dollars every…

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Move Strategic Planning from Mundane to Game Changer

In bank and credit union boardrooms across the country, strategic planning sessions typically shake out in one of three ways: The stakeholders/participants are unevenly (or not at all) invested in the meeting, and so the entire session becomes obviously ineffective — from the moment everyone sits down at the table until the second the moderator…

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Improving Your Budgeting and Forecasting Process

Spreadsheets are a basic, essential tool in the financial world, right? Expecting a community banker to work without a spreadsheet would be like telling a home builder to construct a house without a hammer and nails, wouldn’t it? Not necessarily. Some tasks will always be best accomplished using spreadsheets, but when it comes to planning,…

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Putting Pandemic Planning into the Ebola Perspective

Media headlines continue to debate the world’s response to the current Ebola crisis. The spread and attention to protocols has resurrected pandemic concerns, even though the Ebola virus is not airborne. Pandemic planning can be an important component of business resiliency plans depending on the nature of the business, and the risks for operations if…

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How to Avoid Becoming the Next Victim of a Data Breach

In 2013, the Identity Theft Resource Center recorded 614 data breaches. Just 3.7 percent of those incidents occurred at banks. That statistic may make you think that banks were relatively secure from cyber-crime last year. But – as the saying goes – that apparent security was probably due to better luck than management. What’s more,…

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