What is a Strategic Plan?
A strategic plan is an organized and comprehensive outline of a company’s goals and objectives, as well as the strategies and tactics that will be used to achieve them. It prioritizes key objectives, identifies resources, sets timelines, and outlines action plans. By following this "best strategic plan" created by our strategy experts and based on thousands of successful strategies, businesses can increase their productivity, profitability, and overall success.
What's included in this Best Strategic Plan 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 Best Strategic Plan template for?
The Best Strategic Plan template is designed to help business leaders, executives, and strategy teams create a comprehensive and effective strategic plan. The template is an easy-to-use guide that lays out each step needed to create a successful strategic plan. It is especially beneficial for those who are new to the process of creating a strategic plan.
1. Define clear examples of your focus areas
When creating a strategic plan, it is important to define clear focus areas. Focus areas are specific areas of a business that need improvement and that you will be focusing on. Examples of focus areas could include increasing sales, improving product quality, or increasing customer engagement.
2. Think about the objectives that could fall under that focus area
Objectives are specific goals that need to be accomplished in order to achieve the overall focus area. For example, if the focus area was increasing sales, objectives could include increasing the number of customers or increasing the average sale amount.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are measurable targets that are used to track progress towards achieving objectives. For example, if the objective was to increase the number of customers, the KPI could be to increase the number of customers from 100 to 150.
4. Implement related projects to achieve the KPIs
Projects (also known as actions) are initiatives that need to be completed in order to achieve the KPIs. For example, if the KPI was to increase the number of customers, the related project could be to launch a marketing campaign to attract new customers.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool that makes it easy to create and execute a successful strategic plan. It provides an easy-to-use interface, automated reminders, and real-time reporting to help teams track progress and stay on track with their objectives. With Cascade, businesses can see faster results from their strategy.