More About The Corporate Strategy Template:
What is a Corporate Strategy plan?
Corporate Strategic planning concerns itself with the entirety of the organization on a more or less abstract level, where decisions are made with regard to the overall growth and direction of a company.
What's included in this Corporate strategy template?
- Corporate Strategy vision statement
- 3x Corporate Strategy Values
- 4x Corporate Strategy Focus Areas
- 14x Corporate strategy Objectives
- 20x Corporate strategy Projects
- 22x Corporate strategy KPIs
Who is this Corporate Strategy plan for?
As a Corporate strategic plan can be used by individuals on all levels of the organization, it can be used by all individuals in an organization. However, this corporate strategy template would be specifically useful to individuals working in the corporate strategy department as they would presume the role of a coordinating body, working to develop and implement strategies that comply with those of other individual departments as well as promoting overall corporate goals.
How is this Corporate Strategy template relevant to your organization?
You and your team can use this template to help you perform optimally in a dynamic world to keep pace with changes and the needs of the organization, whilst improving decision making and motivating employees.
1. Define clear examples of your focus areas
The first step to devising a Corporate Strategy template would be to create focus areas. If you’re struggling for inspiration try to think of the categories within your organization that you want to focus on and start creating strategic focus areas from there.
Examples of strategic focus areas that could fall under a corporate strategic plan could be focusing on Aggressive Growth, making your organization one of the Top Places to Work, Portfolio Expansion, and Value Creation (just to name a few).
2. Think about the objectives that could fall under that focus area
How could you best encapsulate this focus area? What goals could you set and act upon to achieve a positive result in this focus area? These are the sorts of questions you want to answer when thinking about setting up objectives.
Examples of some objectives for the focus area of Value Creation could be Communicate value to distinguish oneself from competitors and secure long term customer relationships, Deliver quality work within a defined time, Leverage existing resources to maximize final product/service delivery, Represent the standard for the top quality (product).
3. Set yourself measurable targets (KPIs) to tackle the objective
KPIs are important metrics that make sure that you can accomplish your business objectives. KPIs not only take into account numerical measurements to help track your progress but also enable you to review the performance of your goals so you can accordingly make adjustments in your execution to achieve your strategic goals.
An example of a KPI for the objective Deliver quality work within a defined time could be Reduce Project management costs of the project's total TIC
4. Implement related projects to achieve the KPIs
Projects can help you and your team understand how to adapt, improve, learn from, and better implement processes that can help you achieve your end strategic objectives.
A few examples of projects that enhance Value Creation within your organization could be Integrate fortnightly meetings into the company schedule to communicate results, achievements and provide insight for growth and improvement; Align brand purpose with organization profile; Work on slowly increasing prices; Schedule meetings or review time and level of effort for tasks.
5. Utilize Cascade tools to track and visualize performance
You can use Cascade’s dashboard to visually depict your KPIs and projects in the form of bar charts, line graphs, and tables. The main benefit of using visual tools in the form of widgets would be that they can convert a lot of numerical data into visual information that can be easier to understand.
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