No one wants to hear this, but the ongoing pandemic isn't the last crisis leaders will confront (although we can only hope that future crises will be of a smaller scale). Another article in Gallup's content collection, "A CEO's Guide to Preparing for the Next Crisis," discussed what CEOs can do now to be better prepared the next time you-know-what hits the fan, and offered five key tips:

Embrace the diversity of thought and viewpoints found among executives and team members at the organization. Be open-minded to varying approaches to problem-solving instead of tackling challenges from one angle. "CEOs must know the strengths and weaknesses of each team member very well so they can deploy people tactically – and effectively."
Build and nurture strong partnerships and alliances. For credit unions, this includes the relationships that exist between different departments within the credit union, between a credit union and a vendor partner such as its core provider, and even between two credit unions. According to Gallup, "… powerful partnerships can be faster and more agile, all while alleviating demands on the CEO and executive team's time and energy. That is powerful protection when a business is under threat."
Put an intentional, unified talent strategy in place. "A well-executed talent strategy is always an asset, but it really pays off during upheaval: Every penny you put into developing your talent comes back in a better, faster response."
Define the organization's vision, ensure all employees clearly understand it and see that the actions of leadership embody it. "An established, shared vision for the organization creates a hierarchy of purpose, tasks and decisions across functions so that siloed objectives, insular thinking and competing perspectives don't create an alternate reality."
Don't just create a crisis response plan – test it, hold leadership accountable for it and ask a neutral third-party to evaluate it. Most organizations have failed to take these steps – a 2018 Gallup survey found that while 95% of organizations have a disaster recovery plan in place, 23% never test it.

As someone who hates uncertainty and being forced to change plans, I know how difficult the past year has been for anyone who also views him or herself as a planner. But after living through 10 months of unpredictability, I've found that the disappointment of unfulfilled plans has begun to sting a little less, and that it's easier to work through each day as it comes. I hope my fellow planners have learned to develop more flexibility in the past year as well – and that all credit union leaders will take the lessons they've learned and apply them going forward, so they can be ready to face whatever challenges come their way in 2021.

Instant Insights /

Solid Leadership More Important Than Ever in an Uncertain 2021

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