In a recent Super Community Bank Forum, Thomas K. Brown of Donaldson, Lufkin & Jenrette shared his ever-evolving and always insightful advice for bank executives. Here is what Mr. Brown is saying:
The industry is undergoing dramatic change. We must not underestimate its magnitude and its pace. The difference between winners and losers will be excellence in engagement and execution, as well as achieving economies of speed versus economies of scale, because most companies are changing much too slowly.