What is the Simple Strategy Template about?
This Simple Strategy Template aims to provide a strategy that can be easily understood and executed by all members of a team. Overall, simple strategies are often effective because they focus on achieving a specific goal or objective in the most direct and efficient way possible.
What's included in this Simple Strategy Template?
- 4x Focus Areas
- 12x Objectives
- 23x Projects
- 26x KPIs
Who is this Simple Strategy Template for?
This Simple Strategy Template is function agnostic, meaning it can be used by multiple teams in all levels of the organization. It is also industry agnostic and suited for companies of all sizes. It's ideal for teams that are looking to quickly plan and implement an easy and straightforward plan for the whole organization.
How is this Simple Strategy Template relevant to your organization?
Strategies need structure to succeed and make sure the organization is moving in the right direction and hitting the goals it set out to achieve. The Simple Strategy Template provides that structure for the process of very easily creating a strategic plan.
1. Define clear examples of your focus areas
Focus areas are broad categories used to group problems or challenging areas within your organization. Creating focus areas helps guide your organization on what areas are a priority to work towards. If you’re struggling for inspiration try to think of the categories within your organization that you want to focus on and start creating strategic focus areas from there.
For example, the focus areas in this Simple Strategy Template are: Performance; Customers; Finance; and Market Position.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example objective that could fall under the focus area of Market Position could be: Grow market share and become an industry leader.
3. Set yourself measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI in this Simple Strategy Template associated to the objective Grow market share and become an industry leader could be: Grow social media followers to 8,000.
4. Implement related projects to achieve the set KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
A project example for the objective Grow market share and become an industry leader could be: Delegate product developers team to work on SEO.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Use this Simple Strategy Template and launch your strategy in Cascade; it's $0 forever.