MDDCCUA The Road to Credit Union Excellence 6.14

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Keynote for MDDCCUA annual meeting in Ocean City 6.05.14

Transcript of MDDCCUA The Road to Credit Union Excellence 6.14

The Road to Credit Union Excellence

For those who are prepared…For those who are prepared…

…chaos brings opportunity

• The willingness… even enthusiasm… to change

EVERYTHING combined with the wisdom to understand what

must NEVER be changed.

The Key To Success in the New Normal…

•Nimbleocity•Nim-bo-licous

The Pattern of Business Success

(T + C + EMF) x DE = Success

Talent

Talent + Culture

The level of highly satisfied and engaged EMPLOYEES in your Credit Union.

The number one factor in increasing the level of highly satisfied and engaged Members in your Credit Union is…

1,300,000 interviews: Basic 4 + 1

Goal Setting

TrustAccountability

Communications

RECOGNITION

1- 10

Orange Revolution and All In – Gostick and Elton

10 Elements of a Winning Culture

1. People enjoy the work they do and the people they work with.2. People take pride in the work they do and the company they work for. 3. There are high levels of engagement, connection, camaraderie and a community of caring.4. There is a culture of fairness, respect, trust, inclusiveness and teamwork.5. The leaders walk the talk, live the values and communicate a clear vision and strategy for growth.6. Lots of open, honest, robust and transparent communication across the entire organization.7. The company invests back in employees; there is a commitment to learning, coaching and development.8. There is a bias for action, employees have an ownership mentality and always strive to give their personal best.9. There is high accountability and a strong focus on delivering the desired results.10. There is ample recognition and rewards and mediocrity is not tolerated.

Accountability 1. 100% Clarity + Authority

2. 100% Agreement

3. Track & Post

4. Coach, mentor, train

5. Reward / Punishment

Extreme Member Focus

Web of Value: VOM + MOT + WOM

Extreme Member Focus

VOM

Moments Of Truth

WOM = Your BEST form of advertising!

78.9%23.4%

43% - 74% of purchasing decision = WOM/T

You MUST have a WOM Referral System

Know Like Trust Try Buy RepeatIdentify

Ideal Member

ReferIdeal

Member

From John Jantsch: The Referral Engine

K

N

L

SOT DWYSYWD FWYS S P/T GALMTTE

The keys to building powerful WOM

THANK YOU

If you have any questions at all please do not hesitate to send a note or call. My email address is: john@johnspence.com

PLEASE connect with me on LinkedInAlso, you might find value in the ideas I share in my blog. You can sign up for it at:

www.blog.johnspence.com

Lastly, these slides have already been uploaded to:

www.SlideShare.net/johnspencewww.slideshare.net/johnspence