By Wilson J Hormeguera

The Governance and Leadership Institute (GLI) of Xavier University conducted a strategic planning workshop for the Consolidated Cooperative Bank (CCB) last month in Cagayan de Oro City.

The workshop was anchored on the framework of Balanced Scorecard, a strategic planning and management tool introduced by Robert Kaplan and David Norton of Harvard Business School. The scorecard of measures translates the organization’s strategic plan from a document into action points for daily operations. It provides a framework which is not only providing performance measurements, but helping the organization identify what should be done and measured.

The workshop methodology included building of a shared vision, environmental scanning, strengths-weaknesses-opportunities-threats analysis, setting of strategic goals and measures, strategic targeting, and coming up with new initiatives that will help achieve the targets of the organization.

“There are many things that we have realized in the workshop. For one, we realized that we have to be a learning organization in order for us to achieve our targets,” remarked CCB board member Isagani Daba.

Through the workshop, CCB conceived with a new vision: “A model cooperative bank in the country, alleviating poverty, globally competitive with 15 billion assets by 2020.”