What is a Monthly Strategy?
A monthly strategy is a plan that outlines the goals, objectives, and actions that a team, department, or business unit will take over the course of a month in order to reach their desired outcomes. It is a comprehensive document that is used to track progress, measure success, and adjust as needed to ensure that goals are met. The strategy should be revisited regularly in order to ensure that operations are running smoothly and efficiently.
What's included in this Monthly 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 Monthly Strategy template for?
The Monthly Strategy Template is designed for teams, departments, and business units that are looking to create a comprehensive strategy to manage their operations on a monthly basis. This template is designed to provide a structured approach to developing a strategy, offering guidance and clarity for each step of the process. By using this template, teams can ensure that their strategy is clear, measurable, and effective.
1. Define clear examples of your focus areas
Focus areas are the areas of the business that need to be improved or that you want to focus on. Examples of focus areas could be increasing productivity, improving customer satisfaction, and increasing revenue. It is important to be specific when defining focus areas so that objectives, actions, and KPIs can be accurately identified.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you are trying to achieve under each focus area. Objectives should be specific and measurable in order to ensure that they can be tracked and achieved. Objectives should be connected to the focus area that they are under and should be achievable within the given timeframe.
Examples of some objectives for the focus area of Increase Productivity could be: Increase Productivity by 10%, and Reduce Wasted Time.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or Key Performance Indicators, are specific, measurable targets that you set in order to achieve your objectives. KPIs should be specific, measurable, and achievable within the given timeframe. They should be connected to the objectives that they are tackling, so that progress can be tracked and success can be measured.
An example of a KPI for the focus area of Increase Productivity could be: Increase Team Output from 20 to 25%.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the activities that will be implemented in order to achieve the KPIs. Projects should be related to the objectives and KPIs that they are associated with, and should be achievable within the given timeframe. Projects should be specific, measurable, and achievable in order to ensure that progress can be tracked and success can be measured.
An example of a project related to Increase Productivity could be: Increase Team Efficiency.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is an all-in-one strategy execution platform that enables teams to quickly build and implement their monthly strategy. Cascade provides teams with the tools and resources they need to develop a comprehensive strategy, track progress and measure success. With Cascade, teams can see faster results from their strategy, and have the data and insights they need to make more informed decisions.