August 10, 2016

How to Pursue the Long-Term Strategy and Avoid The Big Short

Business and economics are at an inflection point. Hard trends like technology, globalization, and access to information have continued to evolve at such an accelerating rate that decisions about increasingly complex scenarios are being made faster than ever.

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Topics: Strategy

February 25, 2016

2016 ABA Conference Recap: Your Most Important Priorities

My HORNE Cyber Solutions colleagues and I just spent two wonderful days at the annual Alabama Banker’s Association (ABA) Bank Operations and Management Summit. Talks and discussions during the event centered on three overlying themes. We have discussed some of them previously in this blog, and all are pertinent to your banking organization.  

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Topics: Strategy, Community Banking, Electronic Health Records

July 22, 2015

How to Manage Millennial Disruption in Your Bank's Strategy

Disruption is to cause (something) to be unable to continue in the normal way: to interrupt the normal progress or activity of (something).[1]

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Topics: Strategy, Millennials, Disruption

July 15, 2015

Impact of the FFIEC Cybersecurity Assessment Tool

On the front page of American Banker, there’s a July 14 article titled “Is It Almost Time to Put Core Processing in the Cloud? If there was any doubt about the fact that technology is a one-directional, hard trend banks absolutely must be integrating into strategy, articles like this are putting it to rest. 

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Topics: Strategy, Electronic Health Records, Hard Trend

July 01, 2015

Transformation is Coming, Is Your Bank Ready?

You’ve likely heard the phrase “awash in a sea of change.” During times of great advancement, companies often are distinguished by their ability to manage change or by the degree to which they’re overtaken by it. In the current Knowledge Economy, consumers have almost limitless access to information. That means they’re putting less value on a menu of products and services, and more on useful, actionable intelligence. It’s not surprising that banks are starting to recognize a greater need for shifting to being a source of customized solutions that meet real-time consumer needs.

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Topics: Strategy, Bank Growth

March 12, 2014

What are…Three Best Practices for Building Representative Leadership

In Part One of our look at bank board leadership, we examined the merits and criticisms of the “Jeopardy Jerk,” Arthur Chu. He bucked the traditional game show system by board hopping with no apparent process logic. Chu deployed a perfectly allowable and extremely effective technique, yet it was criticized as a system hack because it was different, and (more to the point) other players were nearly defenseless against the strategy. 

As we think about the banking industry, “hacking the system” is a very relevant leadership strategy. 

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Topics: Strategy, Board, Leadership

March 05, 2014

Is There Something to Learn from the Jeopardy Jerk?

Have you heard of Arthur Chu? Perhaps you know him better by his nickname, The Jeopardy Jerk. Debating Chu as hero or villain is currently trending on news outlets and social media. He “hacked” the Jeopardy! game show with a unique strategy of bouncing from category to category, using no apparent process logic. It keeps his opponents a step behind and uncovers coveted Daily Doubles

Judge as you will. To date, Chu has amassed $261,000 over the course of nine matches, and he isn’t finished yet. One reporter noted, “The game was never close.” What is certain is that the game will never be the same. 

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Topics: Strategy, Leadership