What value can you get from Dyson’s strategy?
Dyson has experienced remarkable growth in 3 decades, ever since 1991, and is now among the crème de la crème in the consumer discretionary products industry. The reputation of the company's products is such that they are renowned, revered, and demanded around the globe. Dyson’s innovation strategy journey shows how the company truly understands how essential it is to prepare for the future.
What's included in the Dyson strategy template?
- 4x Dyson Focus Areas
- 7x Dyson Objectives
- 9x Dyson Projects
- 9x Dyson KPIs
Who is the Dyson strategy template for?
This template is ideal for multiple teams working within the manufacturing industry that are seeking new ideas and inspiration from market leaders to inspire their own strategic success.
How is the Dyson strategy template relevant to your organization?
This template provides you with relevant insights from Dyson - a leader in the manufacturing space - to rethink your strategic approach based on one of the most famous strategies. Whilst you can look into Dyson’s Focus Areas, Objectives, Projects, and KPIs, you have the ability to change and manipulate this information to suit your needs.
1. Define clear examples of your focus areas
Focus areas are broad categories used to group problems or challenging areas within your organization. Creating focus areas helps guide your organization on what areas are a priority to work towards.
An example of a focus area within this Dyson strategy template is: Innovation.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example of an objective within the focus area 'Innovation' within the Dyson strategy template is: Create the most energy-efficient and effective products.
3. Set measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI for the objective ‘Create the most energy-efficient and effective products’ in the Dyson strategy template is: Conduct 20% more product experiments yearly.
4. Implement related projects to achieve the KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
Some examples of projects within the Dyson strategy template are: Equip out testing sites with the latest technologies, and Run the annual James Dyson Award competition to support the next generation of design engineering.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Get inspired by this Dyson strategy template and launch your strategy in Cascade; it’s $0 forever.