What is Strategic Control?
Strategic control is the process of monitoring and adjusting strategic initiatives and goals in order to ensure alignment and identify opportunities for improvement. It involves setting measurable targets and objectives in order to accurately monitor progress and make timely adjustments to ensure the successful implementation of the strategic plan.
What's included in this Strategic Control 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 Strategic Control template for?
Organizations looking for a template to help them develop plans for monitoring and adjusting their strategic initiatives. This template is designed to help guide organizations through the process of implementing their strategic plan, from setting measurable targets and objectives to identifying projects and actions to achieve those targets.
1. Define clear examples of your focus areas
A focus area is an area of the business that requires improvement or attention. Examples of focus areas can include increasing productivity, increasing customer satisfaction, or increasing sales. It is important to be as specific as possible when setting focus areas so that objectives and actions can be tailored to that focus.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you want to achieve in order to reach the focus area. These should be measurable and attainable, and should be broken down into smaller, more achievable targets. Examples of some objectives for the focus area of Increase Productivity could be: Decrease Operational Inefficiency, and Increase Employee Efficiency.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or Key Performance Indicators, are measurable targets used to track progress and measure success. For example, an objective to increase customer support response rate could have a KPI of increasing customer support response rate from 60% to 90%. This will help you track progress and measure success in achieving your objective.
4. Implement related projects to achieve the KPIs
Projects, or actions, are activities that need to be taken in order to achieve the objective and reach the KPI. Examples of projects could include implementing automation processes, improving customer support, or developing customer loyalty programs. It is important to ensure that the projects are tailored to the objective and KPI in order to ensure successful implementation of the strategic plan.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a comprehensive system for managing and monitoring strategic initiatives. It provides real-time analytics and reporting, allowing organizations to track progress and quickly adjust their strategy as needed. Cascade Strategy Execution Platform helps organizations quickly implement their strategic plans and see faster results.