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Truliant FCU hosts Cross-Industry Strategic Summit

Truliant FCU hosts Cross-Industry Strategic Summit

Release date: 1/14/2013

Winston-Salem, N.C. (Jan. 15, 2013) – Truliant Federal Credit Union hosted a strategic summit at their headquarters in Winston-Salem on January 10, where key executives from the Credit Union, Inmar and Novant Health explored key strategies and tactics in an effort to identify best practices across different industries.

Marc Schaefer, Truliant’s president and CEO had attended a Winston-Salem Chamber of Commerce Executive Committee meeting where Jeff Lindsay, president of Novant Health facilities in the greater Winston-Salem area, the Triangle and coastal areas of North Carolina, detailed key strategies for his organization. Schaefer was struck by how closely these strategies aligned with Truliant’s and inspired by tactics that were refreshingly different. Several conversations with Inmar’s Executive Vice President, Steve Dollase, also supported the observations that cross-industry strategic comparisons would be valuable.

“It became apparent to me that our strategic visions and actions were very similar across industries, and we might stand to learn a great deal by sharing these strategies in a collaborative, non-competitive environment,” said Schaefer. “We hosted this meeting to openly discuss the development of strategic objectives and the broad set of best practices to achieve outcomes.”

At the strategic summit, each group presented the key strategies for their organizations including relevant underlying philosophies or intellectual foundations for developing the strategies. Key processes and tactics for executing strategies were shared and specific goals, targets or metrics that indicate progress towards or completion of objectives were discussed.