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The Q&A is Not What Matters

Friday, March 22nd, 2013

One of my favorite old movies is a 1990 film titled Q&A. In the movie Timothy Hutton plays the role of young district attorney who is trying to prove a case against a corrupt police detective played by Nick Nolte.

A dominant theme in the movie surrounds the title theme–the Q&A, with Nolte asserting on multiple occasions that “If it’s not in the Q&A, then it didn’t happen.” The implication being that unless it is in writing and on the record, it doesn’t matter because it is irrelevant to the situation.

In the years since this movie debuted this Q&A behavior seems to have increasingly crept into day-to-day behavior interesting ways. Sometimes it emerges when someone is speaking and invokes the ”off-the-record” qualifier to indicate that they won’t admit that to what they are about to say, but that they are willing to say it if there won’t be any record of them saying it.

So what does this have to do with Credit Union Strategy?

Everything.

Strategic planning sessions succeed when there is true freedom of speech–when ideas are openly shared, debated, discussed, evaluated, critiqued, argued, supported, criticized, and analyzed before decisions are made.

But like many processes (the making of sausage comes to mind) the end product is much more important than the steps along the way. Put another way, the documentation created during the process (i.e., the Q&A) matters far less than the endpoint of the discussion (i.e., the plan).

Despite this I increasingly see people who want to put everything ‘in the Q&A’ during the planning session–document every utterance, capture every random comment, and create the equivalent of a court recorder’s notes of the process. Some argue that it is important to be able to go back and review the way in which the decision was reached. Others suggest that the ideas have value and need to be preserved for future reference. Others remain quiet, but secretly want to make sure we know who to blame for any negative outcomes in the future.

The point?

There is a lot of value in throwing out the things that were created along the way so that the team leaves the planning session ready to focus on the plan instead of having all the ammunition at hand to debate it again.

ACTION ADVICE:  Take great notes on the flip charts during the planning session, subject them to discussion, debate, and deliberation, and then make your decisions and define your plan.  Then capture the plan, commit to it, and move forward. You’ll see better results and the future debate will focus on the things that need attention as you execute the plan, not on how or why you decided to pursue that particular path.

Four Ways Your Credit Union Can Use Blogging

Tuesday, November 27th, 2012

We live in an age where everyone is deluged with information every minute of every day.  We are so overloaded with marketing messages, sales offers, e-mails, tweets, Facebook posts, and Yelp! reviews that it is often a challenge to know what to pay attention to and what to ignore.

The result is that your members, your employees, and everyone else you are trying to reach is often left struggling to find the information that they need.  They live in a world where searching, i.e., Googling, has become a way of life and the key approach they use to find information.

And that has significant implications for everything that you do to communicate.

E-mails that are responded to and sent to everyone on the team are having less and less impact as they require too much effort on the part of the recipient to figure out the real message.  Printed documents that provide too many details tend to be ignored or pushed aside to be reviewed later. The desire for a direct, immediate, and accessible answer to the question of the moment has never been higher.

Enter the blog.

What started as a tool for sharing personal insights, ideas, and opinions can be a very powerful solution to your communication challenges.

Here are four ways your credit union can use blogging to increase your effectiveness in communicating:

  1. Connecting with Members–A member facing blog can be a great way to share updates with members in a way that makes the information easily accessible, not just at the moment the information is posted, but in the future when the member needs it.  You can add a human touch to your credit union by sharing information about the ways that the credit union impacts the lives of your members, and in the process you will earn the right to secure additional business.
  2. Celebrating Team Success–Few things have more impact on your culture than capturing and sharing success stories.  A blog can be a quick and easy way to do this, and it makes the process accessible to the entire team.  Creating a place where everyone in the credit union can catch someone doing something right and share it is powerful.  It keeps the focus on the member experience and rewards the team for the great work they do, while also providing a chance to share and learn from the things that  didn’t go as well as intended.
  3. Educating Members–Teachable moments are the key to educating members, and that requires connecting the lesson to the problem the member is currently experiencing.  A blog can be a great way to do this as it provides a quick reference for members and a place where they can learn about the things they are interested in at any moment in time on their own schedule.  Connecting the educational messages to the products and services that your credit union offers that will solve their problems will deepen your connection with them and increase the amount of business they do with you.
  4. Documenting Processes–Updating processes and procedures is a very real and significant challenge for credit unions today.  Documentation needs to be updated regularly, sometimes in major ways and often in minor ways.  But capturing the attention of someone who is not dealing with a specific process at the moment it is changed can be difficult.  A blog can solve this by providing a place where all processes and procedures are updated and everything is connected in an easy to reference, searchable location that is accessible only to the team.

ACTION ADVICE:  Engage your leadership team in a discussion of how your credit union can use blogging to improve communications within your credit union and with your members.  Define an action plan and get started as soon as possible.  Don’t fret over the details and the rules–just use the tool to help you deliver critical messages in a way that makes them searchable and puts them within easy reach of those who need to receive them.  And don’t forget to let others in on the conversation.  At a minimum, make a commitment to monitor a handful of blogs across the next several weeks to familiarize yourself with the powerful potential of this tool.

IT’S YOUR TURN:  How has your credit union (or others you are aware of) used blogging?  How could you use it to increase your impact and effectiveness?  Please post your insights and contribute to the conversation.

Accountability Sucks!

Friday, September 28th, 2012

A common problem that surfaces in planning sessions is returning to topics that have already been discussed, decided, and directed to be done, but that have not been completed.

It happens for a number of reasons.

Sometimes the action steps that were defined regarding the topic have been completed and it has been reported to the Board, but when it is brought up no one remembers that it is actually done.

Other times the action step has been advanced but is not yet completed, so it surfaces again as still needing attention.

And occasionally the action step meant something different to the staff than it did to the Board, so the action taken is seen as missing the mark.

The common gap here is communication–there is no regular update focused on the specific (and hopefully limited) action steps that were defined at the last planning session, so when the next planning session rolls around the same issues surface again.

Here are three possible ways to avoid these problems:

1. Define the update frequency as part of the action step and be clear about the specific measures that will be used to track progress, making sure that everyone agrees regarding the scope, impact, and desired outcome.

2. Kick-off your planning session with a review of the specific action items defined at the previous planning session, giving each item a thumbs up for completion, a thumbs down for non-completion, and a big question mark for no action taken to date.

3. Define a set of questions you will use to assess why things did not get done and use the discussion to decide whether they should be rescheduled or dropped. Questions might include:

  • Did it not get done because either the staff or the Board did not see it as important?
  • Did it not get done because there were too many items on the to do list and there simply was not enough capacity to tackle all of them?
  • Did it not get done because to was too vague or the outcomes were unclear?
  • Did it not get done because it should not have been done and should never have been put on the list in the first place?
  • Did it not get done because it was made irrelevant by unforeseen developments that occurred after it was put on the list?

These three simple steps can reduce dissatisfaction and help to keep your planning session on track because they will eliminate the mental distractions that arise from the mismatch of activity and accomplishment, and because they demonstrate the shared accountability of everyone on the planning team.

ACTION ADVICE:  Take a serious look at the Action List from your last planning session and make sure that all of the the items on the list merit attention, that the outcomes are clearly defined, that someone owns the accountability for getting it done, and that the time frame for completion is specific.  More important, define the process for making adjustments if things change and for communicating any changes as soon as possible, along with the criteria you would use to remove an item from the Action List.  Make everyone accountable for achieving the target outcomes you are pursuing and commit to keeping the conversation alive between planning sessions, not just once a year.

Recommended Reading: Linchpin by Seth Godin

Friday, May 6th, 2011

The recent release of Seth Godin’s bestseller Linchpin in paperback was accompanied by an opportunity that every credit union leader should pursue.

Here’s the deal.

In a blog post last week announcing the release of the paperback edition, Godin offered free access to an awesome video created from an audio of a speech he gave last year to anyone who buys the paperback edition of the book.

It’s one of the best investments you’ll make this year.  You get a great book and access to an amazing  4-part video that will stimulate your thinking, while also showing you the power of motion graphics to tell a story (even if they do at times “run amok” as is stated on the video viewing page).

Trust me.  This is a book you want to read and a video you need to watch if you are serious about creating long term success for your credit union.

P.S.  The video would be a great way to kick-off or prepare for your next Strategic Planning Session…it is filled with thought-provoking ideas that will open the mind and lead to some real outside-of-the-box thinking.

RECOMMENDED READING: Rework

Thursday, December 16th, 2010

Attention credit union leaders looking for new ideas that can take your credit union to the next level.  Here is a book that is packed with insight, that will challenge your thinking, and that delivers actionable advice that you can put to work now and in the future.

The first thing that drew my attention to this book was the Seth Godin quote on the dust jacket stating: “Ignore this book at your own peril.”  It got told me a lot about what I would find inside the book, and I was not disappointed.

Rework is filled with practical tips, actionable advice, thought-provoking insights, and a core message that will have value to anyone running a credit union (or any other business).

The book was written by Jason Fried and David Heinemenier Hansson, the founders of 37Signals, a company described as “a trailblazing software company that produces products used by millions of people around the world.” These are the guys who created Basecamp, Highrise, and Ruby on Rails, and several other products that help teams work together more effectively. Along the way they’ve learned a number of lessons and this book shares them in an effective manner.

But Rework is much more than a story of what two guys learned while building a successful business. In fact, one of its real appeals is that it skips the usual self-indulgent stories about what the authors did, why they did it, and how amazingly it worked.

Instead, it opts for a more direct dose of reality on a wide range of topics from getting started to productivity to hiring to culture. You’ll nod in agreement, scratch your head while pondering, and ache to change the way you do things to liberate yourself from the binds that are holding your credit union back.

ACTION ADVICE: Buy a copy today, read it tomorrow, and put it to work in the days, weeks, and months ahead.  You’ll be glad you did, and you credit union and your team will realize valuable results from your efforts.