What is a 10 Year Strategic Roadmap?
A 10 Year Strategic Roadmap is a comprehensive plan that outlines and organizes the long-term vision, mission, and objectives of an organization. It serves as a guide that helps organizations stay on track and keep their overall strategy in focus. It covers a 10-year period and is broken down into smaller sections that make it easier to measure progress and track results.
What's included in this 10 Year Strategic Roadmap template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the 10 Year Strategic Roadmap template for?
The 10 Year Strategic Roadmap template is designed to help organizations of all sizes and industries create a clear and effective plan for their long-term strategy. It provides a comprehensive framework that enables organizations to define objectives, set measurable targets, implement projects, and track progress in order to achieve their desired results.
1. Define clear examples of your focus areas
Focus areas are the overall goals of your strategy, and should be specific, measurable, and attainable. When creating your focus areas, it's important to consider both your short and long-term objectives, and how each one contributes to the success of your strategy. Examples of focus areas could include developing product innovation, strengthening marketing strategies, and increasing production efficiency.
2. Think about the objectives that could fall under that focus area
Objectives are the actionable tasks that need to be completed to achieve each focus area. They should be specific and measurable, and should be broken down into smaller, more achievable projects that can be completed in a timely manner. For example, under the focus area of developing product innovation, objectives could include creating new products, increasing customer satisfaction, and improving customer loyalty.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are the metric you use to measure the success of your objectives. They should be clearly defined and measurable, and should be tailored to each specific objective. KPIs should be set with both an initial and target value, and should be tracked regularly to ensure that you are on track to achieving your desired results.
An example of a KPI for the focus area of Developing Product Innovation could be: Increase number of new products.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the steps taken to complete each objective. They should be specific and achievable, and should be broken down into smaller initiatives to make them more manageable. Projects should be tailored to each KPI, and should be tracked regularly to ensure that they are contributing to the desired outcomes.
An example of a project related to Developing Product Innovation could be: Research and development.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is an innovative strategy execution platform that enables organizations to streamline their strategy creation and implementation processes. Cascade offers powerful features such as goal tracking, automated reporting, and real-time analytics, allowing organizations to create and implement their strategic plan quickly and efficiently.