What is a Global Business Strategy Plan?
A global business strategy plan outlines the strategies, objectives and tactics that an organization or company plans to implement to achieve its global business goals. It is designed to provide a roadmap for the company's direction and serves to align the company's employees and stakeholders with the vision of the business. It also outlines the steps required to achieve the desired outcome and the resources necessary to carry out the plan.
What's included in this Global Business 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 Global Business Strategy Plan template for?
This global business strategy plan template is for companies or organizations of all sizes and industries looking for an effective way to create and execute a plan for their global business strategies. The template provides a comprehensive framework for defining, measuring and monitoring progress towards your goals and objectives.
1. Define clear examples of your focus areas
A focus area is the area of your business that you are looking to improve or grow. This could be anything from improving operational efficiency, to increasing customer service, to developing new digital engagement strategies. It is important to clearly define your focus areas before you start setting objectives and KPIs, so that you can ensure that your plan is aligned with your overall business goals.
2. Think about the objectives that could fall under that focus area
Objectives are the steps that need to be taken in order to achieve the goals of your focus area. They should be specific and measurable, and should be set in such a way that they can be tracked and monitored. Examples of some objectives for the focus area of Improve Operational Efficiency could be: Reduce Shipping Wait Time, and Increase On-Time Deliveries.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are the metrics that you use to measure the success of your objectives. These should be set to ensure that progress towards the objective can be tracked and monitored. An example of a KPI for the focus area of Improve Operational Efficiency could be: Decrease avg shipping wait time from 2.2 days to 1.5 days.
4. Implement related projects to achieve the KPIs
Projects are the actions or activities that you will take in order to achieve the KPIs that you have set. These should be specific and measurable, and should be set in such a way that they can be tracked and monitored. An example of a project related to Improve Operational Efficiency could be: Streamline Shipping Process.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is an easy-to-use strategy execution platform that allows you to quickly and easily create, track, and monitor your strategy plan. With Cascade, you can easily define objectives and KPIs, assign tasks and projects, track progress, and monitor results so that you can see faster results from your strategy.