If your institution's Strategic Plan is collecting dust on a shelf somewhere in the management team's offices, all the time and money that went into the creation of the plan were wasted.
Enter Cornerstone Advisors. Cornerstone helps you implement the initiatives set forth in the Strategic Plan, including:
- Assignment of responsibility and accountability for implementation
- Development of a disciplined tracking system to be used by senior management
The Benefits to You
When it comes time to implement your Strategic Plan, flexibility is key, so Cornerstone structures a scope of work that fits your unique needs. Tasks and responsibilities that we can perform for your institution include, but are not limited to, the following:
- Implement best practices to change the focus of senior management meetings from departmental "updates" to tracking progress made in accomplishing goals and objectives set forth in the Strategic Plan
- Work with lines of business and support areas to develop detailed departmental plans (e.g. Strategic Technology Plan, Branch Expansion Plan with financial projections, Mortgage Banking Plan, etc.)
- Create staffing and productivity scorecards so you can make informed decisions on when staff-adds should occur and how productive staff should be in various functional areas
- Create and implement incentive plans and scorecards and ensure they fit with the culture of the organization
- Implement organizational and reporting recommendations to increase success in implementing strategic initiatives
- Create executive "dashboards" that help senior management hold lines of business and corporate support areas accountable for the milestone action plans set forth in their strategic planning templates
- Implement strong project management methodologies and organizational discipline
- Facilitate/lead board of directors' education and governance sessions
The Cornerstone Differentiation
- Cornerstone leads clients from strategy to execution.
- We provide best practices industry knowledge and proprietary benchmarking data to guide your implementation efforts.
- We challenge standard ways of conducting business and push your team for higher levels of excellence.
- We have the expertise to assist you in implementing new process improvement, organizational development and technology initiatives.
We've Done this Before
Here are just a few examples of work we've performed in this area:
- Privately held, full-service Iowa bank ($1.8 billion)
- Large Washington state credit union ($8.7 billion)
- Community-focused Kansas credit union ($1.7 billion)
- Innovative Indiana credit union ($1 billion)
- Cooperative food and agribusiness bank ($9 billion)
- Florida credit union ($1.6 billion)
- Regional Florida bank ($1.5 billion)
- Oklahoma credit union ($1.8 billion)
- Florida credit union ($700 million)
- Large Canadian credit union ($1.4 billion)
- Louisiana community bank ($12 billion)