What is a Brick And Mortar Strategy Plan?
A brick and mortar strategy plan is a roadmap to help organizations that have physical retail locations to identify, define, and implement strategies to improve their business operations. The plan includes an assessment of the current state of the business and sets measurable objectives for improvement. The plan typically includes focus areas, objectives, projects, and key performance indicators (KPIs) that can be tracked to measure progress.
What's included in this Brick And Mortar Strategy 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 Brick And Mortar Strategy Plan template for?
The brick and mortar strategy plan template is designed for companies or organizations that have physical retail locations. This template can be used to create a comprehensive plan to improve their business strategies and track their progress over time.
1. Define clear examples of your focus areas
The first step in creating a brick and mortar strategy plan is to identify and define clear focus areas. A focus area can be any area of business operations that you want to improve, such as customer experience, staff performance, or technology infrastructure. Your focus areas should be specific and measurable, and they should be aligned with your organizational goals.
2. Think about the objectives that could fall under that focus area
Objectives are the specific, measurable goals that you want to achieve in each focus area. For example, if your focus area is customer experience, your objectives could include increasing retail store sales, increasing customer loyalty, and improving customer satisfaction. Your objectives should be realistic and achievable.
3. Set measurable targets (KPIs) to tackle the objective
Key performance indicators (KPIs) are measurable targets that you can use to track the progress of your objectives. KPIs should be specific and measurable, such as increasing the average store visits from 5 to 10 or increasing customer retention rate from 10% to 15%. Setting KPIs helps to ensure that you are making progress towards achieving your goals.
4. Implement related projects to achieve the KPIs
Projects are activities that you can implement to help you achieve your objectives and KPIs. Projects can include activities such as increasing store visits, increasing customer retention, or improving employee satisfaction. Projects should be tied to specific objectives and KPIs, so that you can track your progress.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform can help you manage and track your brick and mortar strategy plan. This platform provides an easy-to-use interface that allows you to track your progress, update your strategy, and see results quickly.