What Is a SOAR Analysis?
A SOAR analysis is a strategic planning tool that helps leaders and teams identify their Strengths, Opportunities, Aspirations, and Results. By analyzing these four key areas, organizations can develop a comprehensive strategy that leverages their strengths, capitalizes on opportunities, sets ambitious goals, and measures progress towards achieving those goals.
What's included in this SOAR Analysis Template?
- 4x SOAR Analysis Focus Areas
- 12x SOAR Analysis Objectives
- 12x SOAR Analysis Projects
- 12x SOAR Analysis KPIs
Who is this SOAR Analysis Template for?
This template is designed for leaders and teams from organizations of all sizes and industries. Whether you're a small business owner or a member of a large corporation, this template can help you develop a strategic plan to execute on the outcomes of your SOAR analysis easy and fast. You can track your SOAR Analysis' initiatives in real-time and ensure they align with your organization's goals and objectives.
How is this SOAR Analysis Template relevant to your organization?
The SOAR analysis template is highly relevant to any organization looking to improve its performance and achieve its goals. By using this template, you will be able to identify your organization's strengths, opportunities, aspirations, and results, and develop a comprehensive strategy that leverages those strengths, takes advantage of opportunities, sets ambitious goals, and measures progress towards achieving those goals. This template is a valuable tool that can help your organization achieve success and reach its full potential.
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.
The focus area within the SOAR Analysis Template are: Strengths, Opportunities, Aspirations and Results.
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 of an objective within the focus area 'Strengths' within the SOAR Analysis Template is: Leverage existing customer base.
3. Set 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 for the objective ‘Leverage existing customer base’ in the SOAR Analysis Template is: Increase repeat customers by 25%.
4. Implement related projects to achieve the 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.
An examples of a project within the SOAR Analysis Template is: Create a loyalty program.
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 SOAR Analysis Template and launch your strategy in Cascade; it’s $0 forever.