Tag: Prioritization

What Are Your Bank’s Priorities?

Resource Allocation

A bank has limited resources and must proactively allocate according to their priorities. Unfortunately, while banks often know their objectives for the year, they often don’t take the time in their strategic planning sessions to place those objectives in a prioritized context and don’t add a weighting to each. As such, there is often a misallocation of resources and a misalignment over the precedence of initiatives. In this article, we look at top initiatives for CEOs, the priority of each initiative and their relative weights.

 

Rearrange Your Bank’s Priorities To Produce Spectacular Results

Strategy

Picture your typical meeting at your bank. How much of that meeting is spent talking about the future rather than the past? Is it an offensive meeting where you are talking about new products, how to gain new customers or new strategies or is a defensive meeting where you are trying to fix problems? While likely your meetings are a combination of both offense and defense, there is always one side that dominates. Identifying when you are playing offense vs. defense is important as most of the gains in your bank comes from offense.

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