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What EDI has Taught GSBC About Talent Management and Succession in Community Banks
As GSBC’s Executive Development Institute for Community Bankers® (EDI) has reached its 10-year anniversary, it’s warranted to reflect on what we’ve learned as a banking school about talent management and succession. What has helped inform these lessons are two unique aspects of GSBC’s EDI:
Future of Community Banking: Beyond Our Line of Sight, But Not Our Imagination
Answering the question about the future of community banking has almost become a rhetorical exercise, as there are many variables but no clear answer. There are, however, several long-term trends that have been impacting this industry from which we can draw from in our attempt:
Hard Question: How Do You Lead Culture in the Era of Remote Work?
The Hard Question of managing employees’ desire for a fully or hybrid work environment was framed by a third-year student who looked at the issue through the lens of ensuring the bank’s desired corporate culture…This is a unique challenge for community banks.
Hard Question: What are the Pros & Cons of Banking as a Service?
The Hard Questions topics for GSBC’s 2023 session were selected from strategic projects developed by the third-year students…The first topic was “Banking as a Service,” or BaaS.
GSBC Peer Groups: Collaboration and Insight
One of GSBC’s intersession projects is completed by members of each peer group. This project is an opportunity for collaboration and peer learning. The groups’ first task last fall was to agree on a topic. This can be a common problem facing each of their organizations, or an area they want to learn more about as a group.
Strategic Topic Projects Position Community Banks for the Future
This is the annual analysis of topics identified by rising third-year GSBC students for their strategic projects. Through this exercise, students are tasked with working with their bank’s leadership to identify an important issue facing the bank or industry. The key to this project is to identify actionable recommendations for the bank to respond.
Looking Back to Look Forward: A Renewed Perspective on GSBC’s Strategic Plan
GSBC’s Board of Trustees and Alumni Advisory Board took a unique approach to their fall meetings in November by learning about George Washington’s and other historical figures’ approaches to leadership. The sessions were held at the George Washington Leadership Institute in Mt. Vernon, Virginia.
It is a Good Time to be a Community Bank Leader
My argument that this is a good time to be a community bank leader likely runs counter to conventional wisdom and how you probably feel as a banker living in this moment. The issues, risks and uncertainty are plentiful.
Challenges in the Current Economic Environment: Viewpoints from GSBC Peer Group Projects
This past year, one of our student peer groups chose to articulate the challenges of the current economy. Here are their observations:
Bold Leadership Required: How GSBC is Building Future-Oriented Community Bank Leaders
Since our students walked off campus on Friday, July 29, 2022, the banking industry has experienced incredible events which challenge what we know and believe…As we step back to consider these events, how banking has changed and will likely continue to change, we have the responsibility to think about what it means to GSBC and how we can best serve the industry.
Technology Adoption Strategies: Viewpoints from GSBC Peer Group Projects
This past year, one of our student peer groups chose to tackle the topic of technology adoption, which they found to be critical in meeting customer expectations and maximizing employee productivity.
Succession Planning Strategies: Viewpoints from GSBC Peer Group Projects
This past year, one of our student peer groups took on the challenging topic of succession planning for their peer group project. This is a significant issue for the industry impacting all levels of leadership and corporate governance.