Sunday, April 21, 2024

The "We Are SECU" New Strategic Plan? Spend, Spin,...

    ... and Tailspin?

 ✅ Just some unexpected turbulence?

✅ Or something more "Boeing"...

The Death Spiral Effect [Business 101]: definition and key characteristics

"A vicious cycle of self-reinforcing dysfunctional behavior, characterized by continuous flawed decision making, myopic single-minded focus on one set of solutions, resource loss, denial, distrust, micromanagement, dogmatic thinking and learned helplessness."

"The Death Spiral Effect sets in when a cascade of events is difficult to stop once set in motion. A Death Spiral is characterized by: 

  1. initial denial of the problem;
  2. continuously and repeated flawed decision-making, often trying to fix the problem with the same ineffective solution over and over again; 
  3. increasing secrecy and denial, blame and scorn, avoidance and turf-protection, passivity and helplessness; 
  4. worsening of the situation, and a continuous series of crises following, 
  5. triggering a “survival mode” and tunnel vision,
  6. a negative and distrustful atmosphere; 
  7. micromanagement increasing the number of rules and a focus on the adherence to those rules at the expense of effective problem-solving; 
  8. censorship of opinions and knowledge outside the official narrative."

😎  "The desperation principle may set in: a defensive mode in which people or groups aggressively and often irrationally try to hold on to the little resources that are left, instead of thinking on how to snap out of the situation altogether."

... Boeing, Boeing, bong?




  1. I’m afraid you nailed it!😢

  2. Don't expect that incredible landing ... more like ..

    "Brace! Brace!" ... BRACE FOR IMPACT!!!

  3. and of course WRAL and others have no clue about what is happening at a $50 billion state institution?! or are they just burying their head in the sand and hoping it just doesn't happen to them? I could go on but will leave it there ....

  4. Looks like the business model The Brady Bunch is following. Downward spiral started when This Board hired Jim Hayes. Continued with The Brady Bunch. Opportunity presented last October with THREE incumbents voted off the board. These guys are deaf dumb and blind to all the cues. Four MORE in 24!!

  5. NCSECU has been going downhill since 2022. My husband's account got hacked in January 2022 and all of his money taken (100k+). He still has not received his money due to them stating that there is a glitch in his account and no one can figure out how to fix it. I see there is no glitch in their paycheck software but they are okay with us losing everything. Smh. NCSECU your days are numbered. Thieves!!

    1. Doesn't sound right, you should contact the Administrator of Credit Unions for help. Here's the link