What is an Operating Model Strategy?
A operating model strategy is a plan for improving a business's organizational structure, processes, and resource allocation. The goal is to streamline operations and ensure that resources are allocated more efficiently. It can also help improve employee satisfaction and retention rates. By utilizing a strategy such as this, businesses can achieve greater success and profitability.
What's included in this Operating Model 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 Operating Model Strategy template for?
The operating model strategy template is designed for businesses of all sizes that are looking for a better way to optimize their operations. It is especially useful for businesses that are looking to streamline their organizational structure, processes, and resource allocation. With this template, businesses can create a plan that will help them improve their efficiency and reduce their costs.
1. Define clear examples of your focus areas
A focus area is the broad topic that your operating model strategy will be addressing. It's important to have a clear focus area so you can ensure that all of your objectives and projects are related to that area. Examples of strategic focus areas that could fall under an Operating Model Strategy could be: Streamline Organizational Structure, Improve Resource Allocation, and Enhance Talent Management.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you would like to achieve with your operating model strategy. These objectives should be specific and measurable so you can track your progress. Examples of some objectives for the focus area of Streamline Organizational Structure could be: Create Clear Roles and Responsibilities, and Reduce Process Complexity.
3. Set measurable targets (KPIs) to tackle the objective
KPIs or Key Performance Indicators are measurable targets that you set to track your progress towards the objectives you set. Examples of KPIs could be 'Reduce number of steps in process' or 'Increase employee retention rate'. By setting these measurable targets, you can see if you are achieving your objectives or not.
4. Implement related projects to achieve the KPIs
Projects or actions are the steps that you will need to take in order to achieve the objectives and KPIs you have set. Examples of projects could be 'Assign roles and responsibilities to each employee' or 'Analyze utilization of resources'. These projects should be related to the focus area and objectives you have set.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a powerful tool for businesses of all sizes to create and manage their operating model strategy. With this platform, you can easily set objectives, define focus areas, set KPIs, and implement projects. The platform also provides you with detailed insights and analytics so you can track your progress and see the results of your strategy faster.