Newsletter | July-August 2023

\ JULY-AUGUST 2023

Strategic Planning = A Competitive Advantage

Strategic planning provides organizations with a competitive advantage, enabling them to navigate uncertainties, optimize resources and align their efforts toward achieving long-term success. In this edition of the FCCS Fast Forward newsletter we’re talking about strategic planning as a way to proactively navigate the business landscape and move your organization forward faster.

The Relationship Between Leadership, Culture and Behavior

Organizational culture is a powerful force that can align employees toward strategic goals, as well as engage both employees and customers to foster meaningful, long-term relationships. Leadership, culture and behavior are inextricably linked: leaders create the culture that drives the behaviors that produce results.

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Planning for Strategic Advantage

Driving an entire organization toward a single objective is an eminently complex undertaking, and one made easier with leadership commitment to strategic planning. Done well, strategic planning enables organizations to develop new solutions, navigate uncertainties, optimize resources and focus their efforts, delivering a competitive advantage with real value for members.

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Data is only valuable if it’s accessible and has context, and is most powerful when it’s integrated across systems and operational functions. Agcor’s purpose-designed software platform does just that, enabling Farm Credit lenders to better understand credit risks, complete appraisals, engage with borrowers and increase sales.

Strategic Planning at Yosemite Farm Credit

Recognizing the competitive advantage it delivers, Yosemite Farm Credit has embraced strategic planning as a mindset, shifting from an alternate year strategic planning schedule to fostering strategic discussions on a quarterly basis at board meetings, culminating in an annual February strategic planning session.

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Leading Strategic Planning

The absence of a robust strategic plan leaves an organization vulnerable and less prepared to seize opportunities or overcome challenges. A strong strategic plan is the backbone of every successful organization, and it's the CEO's role to shepherd the development and execution of the plan, with direction from the board and support from the management team and staff.

RISK MANAGEMENT CORNER

Risk Management and Strategy Discussions

Risk management strategy should be included in every strategic planning session, both at an organizational and individual initiative level. Especially for Farm Credit organizations and other cooperatives, which are committed to protecting their members’ assets, issues like risk identification, assessment, mitigation and management should be uppermost in leaders’ minds.

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