What is an Enterprise Strategy?
An enterprise strategy is a comprehensive plan that outlines the goals and objectives of an organization and the steps taken to achieve them. It is typically implemented over a period of time and provides a framework for decision making and resource allocation. This strategy template is designed to help business leaders and teams develop a comprehensive strategy that is tailored to their organization's specific needs.
What's included in this Enterprise Strategy 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 Enterprise Strategy template for?
This Enterprise Strategy template is designed for business leaders and teams looking to create a comprehensive strategy that will help them achieve their organizational goals. It helps you define your focus areas, objectives, measurable targets (KPIs), related projects, and drive the implementation of the strategy.
1. Define clear examples of your focus areas
A focus area is the primary area of focus or activity in your enterprise strategy. Examples of focus areas could include increasing efficiency, increasing revenue, and improving productivity. When defining focus areas, it is important to think about the goals of your organization and how they can best be achieved.
2. Think about the objectives that could fall under that focus area
An objective is a specific goal that can be achieved through your focus area. Objectives should be measurable, and should be tailored to the specific needs of your organization. Examples of objectives could include improving shipping processes, reducing costs of operations, increasing sales, and improving customer retention.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are measurable targets that can be used to measure the progress of your objectives. KPIs should be specific, measurable, achievable, relevant, and time-based (SMART). Examples of KPIs could include decreasing the average shipping wait time, reducing the cost of operations, increasing total sales, and increasing customer satisfaction ratings.
An example of a KPI for the focus area of Increase Efficiency could be: Decrease avg shipping wait time from 3.2 days to 1.5 days.
4. Implement related projects to achieve the KPIs
Projects (actions) are the steps taken to achieve the KPIs and objectives of your enterprise strategy. Examples of projects could include optimizing shipping and delivery processes, automating processes, increasing marketing efforts, and improving customer service.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform designed to help organizations achieve their strategic objectives faster. The platform provides a suite of tools to help teams manage their strategy, track progress, and measure results. With Cascade, teams can easily create, monitor, and share their enterprise strategy with stakeholders in real-time.