What is a Business Model Strategy Plan?
A business model strategy plan is a structured approach for understanding how a company creates, delivers and captures value. It outlines how a company will generate revenue and profits by offering products and services to customers. It also defines the resources, processes, and competencies needed to accomplish this goal.
What's included in this Business Model 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 Business Model Strategy Plan template for?
This business model strategy plan template is designed to help business teams and organizations of all sizes and industries create a comprehensive plan to improve their operations and increase their profitability. It can be used to identify and implement strategies to improve customer service, reduce costs, enhance customer experience, and increase revenue.
1. Define clear examples of your focus areas
Focus areas are the broad categories in which you will be implementing strategies. Examples of focus areas could include increasing operational efficiency, improving customer satisfaction, or increasing revenue. Within each focus area, you will be defining objectives, setting measurable targets (KPIs), and implementing related projects.
2. Think about the objectives that could fall under that focus area
Objectives are the steps you will be taking to achieve the goals within your focus areas. These should be specific, measurable, and actionable. Examples of objectives could include reducing shipping wait time, streamlining operations, improving customer service, or increasing average order value.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are the metrics you will use to measure the success of your objectives. Examples of KPIs could include decrease shipping wait time from 2.2 days to 1.5 days, increase customer service response rate from 40% to 60%, or increase average order value from $50 to $80.
4. Implement related projects to achieve the KPIs
Projects are the actions you will take to achieve your KPIs. These should be specific, measurable, and achievable. Examples of projects could include optimizing shipping routes, automating workflows, utilizing live chat, or implementing easy navigation.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform designed to help business teams and organizations of all sizes and industries create, implement, and track their business model strategy plan. Cascade helps you to identify and prioritize objectives, set measurable targets, and implement related projects. With Cascade, you can easily track your progress and see faster results from your strategy.