To stay competitive in today’s uncertain environment, consider an EOS Implementer® to help implement EOS® in your community bank or credit union.
Implement EOS in your community bank or credit union with Minneapolis based Tim Malzahn and Malzahn Strategic. EOS ( Entrepreneurial Operating System® ) helps entrepreneurs and their leadership teams to get what they want from their business. Malzahn Strategic is unique in that we have many years of banking experience and specialize in community banks and credit unions, so we already speak your language and understand the common challenges when implementing EOS in community financial institutions.
What is EOS?
EOS is an easy to understand, comprehensive business system, integrating a holistic business model with a complete set of simple business tools and a proven business process to align and synchronize all the pieces of your community bank or credit union to produce the results you and your board want.
EOS does that by providing a complete system with simple practical tools to help you do three things:
- First, getting the senior leaders of your community bank or credit union 100% on the same page with the vision for your organization: who you are, what you do, where you are going and how you will get there.
- Next, helping your senior leaders to become more disciplined and accountable, executing consistently to do things well and achieve every piece of your vision.
- Finally, working with your senior leaders to become a healthy, functional, cohesive leadership team, because leaders often don’t function well together as a team.
From there, as goes your senior leadership team, so goes the rest of your community bank or credit union. We get to the point where your entire organization is crystal clear on your vision, all much more disciplined and accountable in executing your vision, gaining consistent traction, and advancing as a healthy, functional, cohesive team.
Six Key Components™
The EOS Model® provides a visual illustration of the Six Key Components of any community bank or credit union that must be managed and strengthened to be a great organization. This model applies to big and small organizations alike, in both community banks and credit unions.
Strengthening this component means getting everyone in the organization 100 percent on the same page with where you’re going and how you’re going to get there.
Key Component 2: People
Simply put, we can’t do it without great people. This means surrounding yourself with great people, top to bottom, because you can’t achieve a great vision without great people.
Key Component 3: Data
This means cutting through all the feelings, personalities, opinions and egos and boiling your organization down to a handful of objective numbers that give you an absolute pulse on where things are.
With these components becoming stronger, you start to create a lucid, transparent, open and honest organization where everything becomes more visible and you start to “smoke out all the issues”, which leads to the fourth key component.
Key Component 4: Issues
Strengthening this component means becoming great at solving problems throughout the organization – setting them up, knocking them down and making them go away forever.
Key Component 5: Process
This is the secret ingredient in your organization. This means “systematizing” your business by identifying and documenting the core processes that define your way to run your community bank or credit union – getting everyone on the same page with what the essential procedural steps are in your core processes and then getting everyone to follow them so you create consistency and scalability in your organization.
Key Component 6: Traction®
This means bringing discipline and accountability into the organization – becoming great at execution – taking the vision down to the ground and making it real.
As an EOS Implementer, Tim Malzahn is available to help you decide if EOS is right for your institution. Please use our Contact page to request a 15 minute phone conversation with Tim. We can discuss EOS in detail and how it can contribute to your community bank or credit union’s overall success.
EOS, EOS Implementer, Entrepreneurial Operating System and EOS Model are registered trademarks of EOS Worldwide, LLC.
Six Key Components is a trademark of EOS Worldwide, LLC.