MADISON, Wis.—CUESsaid it and Heidrick Consulting, the leadership and culture shaping advisory business of Heidrick & Struggles, have released a new whitepaper: Accelerating Credit Union Performance: Drive and Drag Factors that Determine Credit Unions' Ability to Consistently and Profitably Deliver Value.
The white paper is based on research, global consulting work and a direct survey of CUES members by Heidrick Consulting, according to CUES. The goal of the white paper is to help credit unions identify key factors that can drive their success or derail them and impede their success. Readers will gain a new roadmap for how credit unions can succeed in today’s fast paced business environment, CUES said.
“CUES has previously partnered with the Heidrick Consulting team to produce its timely, high quality and highly applicable scenario reports, such as The Future of Payments: Scenarios for Credit Unions,” said Christopher Stevenson, CUES SVP/chief learning officer. “This new work continues along the path of helping credit unions envision and create a successful future.”
What ‘Superaccelerators’ Do
CUES said the research studied "superaccelerators"—companies that have achieved high levels of sustained organic growth and profitably —and what they do differently from lower-performing companies. CUES added that today’s “superaccelerators” relentlessly pursue four core areas to drive growth and value:
- Mobilize people around a compelling and simple purpose
- Execute at pace while streamlining resources and operations
- Transorm the business by experimenting and reinventing
- Ensure deep organizational agility
The white paper also examines specific drag and drive factors in each of these areas and makes suggestions about what credit unions can do to improve in a particular area, according to CUES.
“Heidrick Consulting is pleased to partner with CUES to offer perspective and best practices for credit unions to accelerate their performance,” said Jarrad Roeder, Principal, Heidrick Consulting, in a statement. “In addition to identifying the factors helping an organization succeed or fail, it also offers concrete advice about how to reach top performance.”
CUES members can download the whitepaper here.