What is an On-demand business Strategy Plan?
An on-demand business strategy plan is a comprehensive outline of the specific actions and objectives that a business needs to take in order to achieve their desired goals. It is important to have a clear and detailed plan in order to ensure that the business moves in the right direction and is on track to achieve its objectives. The strategy should include focus areas, objectives, key performance indicators (KPIs), and projects (actions) that need to be implemented in order to achieve the desired KPIs.
What's included in this On-demand 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 On-demand business Strategy Plan template for?
The On-demand business Strategy Plan template is designed to help startups and established businesses in the on-demand economy, such as ride-sharing, food delivery, and home services, to develop a strategic plan to grow their business. The template provides a comprehensive structure to ensure that all areas of the business are considered and goals are set clearly and realistically.
1. Define clear examples of your focus areas
Focus areas are the main areas of business that need to be addressed in order to reach the desired objectives. Examples of strategic focus areas that could fall under a On-demand business Strategy Plan could be: Increase Customer Acquisition , Reduce Cost Per Acquisition, and Improve User Experience.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that need to be achieved in order to reach a focus area. Objectives should be measurable and achievable, and should be broken down into smaller, achievable steps. Examples of some objectives for the focus area of Increase Customer Acquisition could be: Increase Brand Visibility , and Optimize User Acquisition .
3. Set measurable targets (KPIs) to tackle the objectives
KPIs (Key Performance Indicators) are measurable goals that will help to track the progress of the objectives. KPIs should be specific and measurable, with an initial and target value. Examples of KPIs include increasing followers on Twitter, decreasing cost per click, and decreasing response time.
4. Implement related projects to achieve the KPIs
Projects (actions) are the specific steps that need to be taken in order to reach the KPIs. Projects should be achievable and realistic, and should be broken down into smaller actions. Examples of projects include increasing social media presence, implementing a referral program, and streamlining the sign-up process.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool designed to help businesses reach their goals faster. It allows you to create and execute your strategy and offers custom reports to help track progress, as well as automated reminders to ensure projects are completed on time.