A Manufacturing Corporate Strategy focuses on setting the overarching strategic direction to ensure the company achieves strategic alignment and executes the most important goals.
This template can be used by all employees engaged with the overarching strategy at a manufacturing company.
The Manufacturing Corporate Strategy template will help you and your team consider the organization's strategic priorities to ensure you execute on the most important projects to achieve those overarching goals.
Focus areas are the building blocks of your strategy. They expand your vision statement and provide your team and you with some structure around achieving your goals.
Examples of focus areas for your Manufacturing Corporate Strategy could be Quality and Safety, People, Finances, and Evolve and Adapt.
Objectives are the milestones that guide your business to achieve strategic success. You can use this strategy template to set out clear objectives and allocate them to your employees to let them know what they are expected to achieve and by when.
Possible objectives for the Evolve and Adapt focus area could be to Embrace innovation techniques in the industry, Adapt to new trends to expand our target audience, and Adopt sustainability practices.
KPIs are important because they break down the larger objectives into smaller, more measurable, and trackable targets. Likewise, they also convert visions into quantifiable, clear, and coherent metrics.
KPIs for this Manufacturing Corporate Strategy could be Reduce absolute emissions in operations by 10%, Reduce customer returns by 7%, and Reduce maintenance costs from 60 to 20%.
Projects are the driving actions that facilitate the accomplishment of a goal or objective. As you and your team build this Manufacturing Corporate Strategy template and add projects, it's important to realize that not all projects succeed. However, implementing projects and learning from those that failed adds value to your goals.
Examples of a project could be Launch our new product line based on the latest industry trend, and Run a brainstorming session to take advantage of byproducts (upcycling).
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