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Education: The Strategic Planning Quiz

Are you really ready to strategically operate your bank?

If so, you must have in place a set of basic tools with which to construct the plan that is capable of serving as your road map to success. Below is a mini self-test which incorporates the critical issues that lead to successful planning.

Please take a few moments and respond to the questions to see where your bank is:

  1. Within the last 6 months have your directors and senior management devoted at least 1 day away from the office and participated in a planning session of any type?

    Yes   No


  2. Do you have a written Mission Statement?

    Yes   No


  3. Do you have a written Vision Statement?

    Yes   No


  4. Have you /can you identify your most/least profitable customers with any degree of accuracy?

    Yes   No


  5. Have you completed a S.W.O.T. (Strengths-Weaknesses-Opportunities-Threats) analysis for the bank?

    Yes   No


  6. Do you base your operating and marketing plans on relevant demographic/psychographic data?

    Yes   No


  7. Have you identified both the external and internal factors that will or do enhance and impede the chances of you reaching your goals?

    Yes   No


  8. Have you developed the delivery system(s) necessary that meet your customer's needs?

    Yes   No


  9. Do you have a designated, standing Planning Team in place, and if so, does it consist of a greater number of directors and staff than senior officers?

    Yes   No


  10. If you have a written strategic plan in place:
    • Has it been reviewed by anyone outside the bank for clarity and relevance?

      Yes   No

    • Has it been read, explained and "signed off" by every member of the staff?

      Yes   No

    • Has a provision been made to review and update it every 6 months?

      Yes   No

    • Does every middle manager have a current copy at their workstation?

      Yes   No


  11. Are staff incentives associated with the attainment of the banks goals and objectives?

    Yes   No