What is a Business Strategy Roadmap?
A business strategy roadmap is a plan that outlines the focus areas, objectives, and key performance indicators (KPIs) needed to achieve the desired business outcomes. The roadmap also includes actionable projects, timelines, and resources to put the plan into action and track progress. This type of strategy plan can be used by any organization, whether large or small, to create alignment, set timeframes, and ensure the execution of the business strategy.
What's included in this Business Strategy 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 Business Strategy Roadmap template for?
This business strategy roadmap template is for organizations of all sizes and industries that are looking to create a strategy plan that outlines their focus areas, objectives, and projects to successfuly execute their business strategy. The template is customizable and can be tailored to the specific needs of the organization and its goals.
1. Define clear examples of your focus areas
A focus area is a broad area of concentration that outlines the overarching goals of the business. Examples of focus areas include increasing operational efficiency, improving customer satisfaction, and maximizing productivity.
2. Think about the objectives that could fall under that focus area
An objective is a goal that falls under a focus area. It is important to set objectives that are specific, and achievable. For example, if your focus area is “Increase Operational Efficiency”, objectives could include “Reduce Shipping Wait Time” and “Reduce Inventory Costs”.
3. Set measurable targets (KPIs) to tackle the objective
Key performance indicators (KPIs) are measurable targets that are used to track progress toward objectives. KPIs should be quantifiable, have an initial baseline, and a target value. For example, if the objective is “Reduce Shipping Wait Time”, then the associated KPI could be “Decrease Avg Shipping Wait Time”, with an initial baseline of 2.2 days and a target value of 1.5 days.
4. Implement related projects to achieve the KPIs
A project is an actionable item that is used to achieve a KPI. Projects should be specific, achievable, and have a timeline. For example, if the KPI is “Decrease Avg Shipping Wait Time”, then a project could be “Implement automated shipping process”.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool that helps organizations quickly and easily execute their strategy. The platform provides a toolkit for creating, tracking, and managing the implementation of your business strategy roadmap. With the Cascade Strategy Execution Platform, organizations can see faster results from their strategy and ensure its successful execution.