What is a Partner Strategy?
A partner strategy is a tool used to help businesses create strategies to find, develop, and manage partnerships. It is a way to organize and track the results of your partnerships and to create a plan for improving and optimizing them over time. The partner strategy template provides a way to structure and track your efforts while providing a framework for setting goals and objectives that help you reach your partner objectives.
What's included in this Partner 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 Partner Strategy template for?
The partner strategy template is for business teams who are looking to establish and manage partnerships in a systematic and organized way. This template helps to create a cohesive plan that can be followed, monitored, and adjusted as necessary. With this template, teams can define their focus areas, set measurable targets, and implement related projects to achieve their KPIs.
1. Define clear examples of your focus areas
A focus area is the overarching goal or objective of a partner strategy. It is important to define the focus areas for your partner strategy as this will help to guide the rest of your planning process. Examples of focus areas could include developing partnerships, managing partnerships, and organizing partnerships.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that you would like to achieve within a particular focus area. Each objective should be measurable, achievable, and relevant to the overall focus area. For example, if the focus area is managing partnerships, the objectives could include developing partnership programs, monitoring partner performance, and strengthening existing partnerships.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are metrics used to measure the progress of achieving an objective. It is important to set measurable targets for each objective in order to track progress and ensure that the strategy is on track. For example, if the objective is to strengthen existing partnerships, the KPIs could include the number of satisfied partners, or the number of partnerships that have been updated.
4. Implement related projects to achieve the KPIs
Projects are the steps or actions that you will take to achieve your KPIs. Projects should be specific and measurable. For example, if the objective is to develop partnership programs, the projects could include identifying and reaching out to potential partners, developing and implementing partnership programs, and monitoring and adjusting partnership programs.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool that can help you quickly and easily develop, monitor, and adjust your partner strategy. With the platform, you can set measurable targets, track progress, and adjust your strategy as needed for faster and more effective results.