Worth The Effort: Strategic Planning for Superior Bank Performance in the Post-Economic Crisis

Nearly every bank executive accepts the intrinsic value of strategic planning and tries to engage in planning to some extent.  For such a common management exercise, however, it is widely misunderstood and often poorly executed.  That’s no wonder when you consider that strategic planning is a continuous executive management activity that enfolds virtually every aspect of a bank’s operation.  However, there is growing appreciation for both the complexity and value of strategic planning and the practice has evolved in sophistication. Boards of directors are taking a more active role in the planning process and are more engaged in setting the…