According to the Alliance Professional Group, 70% of strategic plans fail. You read that right. My guess is the number is at least that high at many credit unions.

Think of your last or current strategic plan. How many initiatives were partially completed, deferred or flat out stopped before the plan was put on a shelf? Sometimes the best outcome of strategic planning is not greater analytic insight. It's greater resolve.

If credit unions want more effective strategic plans, they must start with better resolve. So, before you start the strategic planning process at your credit union, make the following resolutions.

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Credit Union Management