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Filene Study Shows CEOs Are Great Strategic Thinkers, But...
Friday, October 9, 2015 6:40 AM

New research shows that credit union CEOs are great strategic thinkers, but there's still room for improvement. Filene says, based on their studies, that experience does not equate to improved ability to think strategically; those with backgrounds in finance/accounting have lower scores; CEOs of larger credit unions find it harder to make decisions.

Economic uncertainty, expansion of regulatory oversight, and changes in consumer tastes and preferences are just some of the ongoing challenges credit union leaders face on a day-to-day basis. While a universal solution to these issues would be ideal and ambitious, it is unrealistic. The concept of strategic thinking can be broken down into individual components: anticipate, challenge, interpret, decide, align, and learn.

To that end, focusing on each one of these elements can help leaders build stability and structure across the enterprise. An infographic on Filene's website assesses how these six elements provide valuable insights into how strategic thinking abilities directly impact leaders' decision making and aptitude for managing challenges.