Cygnet Institute has achieved ISO 9001 Quality Management Systems certification (QMS) from NSF International Strategic Registrations (NSF-ISR) for the design and provision of financial skills education. The standard, built on principles like strong customer focus and continual improvement, demonstrates Cygnet's commitment to delivering consistent, quality products and services.
Cygnet Institute has been designated by CEFEX, the Centre for Fiduciary Excellence as a nonprofit Investment Support Services (ISS) provider for plan sponsors and plan participants to educate adults in economic matters, advance their financial literacy and enhance their ability to make good financial decisions in self-directed retirement plans and non-retirement accounts. For more information click the seal or go to www.CEFEX.org.
Financial Literacy White Paper
Financial literacy is clearly a major element in the area of Financial Wellness. Several years ago we came to the realization that there are certain Organizational Development concepts that needed consideration. Douglas McGregor’s famous distinction between Theory X and Theory Y in his hugely influential 1960 book, The Human Side of Enterprise (McGraw-Hill) was a key component in our thinking.
The most potent practical application of Theory Y appeared in Dr. W. Edwards Deming’s 1992 book, System of Profound Knowledge. He successfully highlighted for us the significance of Theory Y as he referred to the process of converting the extrinsic rewards of work and career to intrinsic rewards that cause employee’s efforts to align with corporate business goals for a more successful cultural change.
Click here for a more in depth discussion that connects the above notions to the need for Financial Literacy.
Help Expand Financial Literacy
We're a non-profit with a mission dedicated to helping to teach people how to make good financial decisions. Your donation will help us expand our FREE financial literacy education programs to more public libraries in Michigan.
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