What is a Strategy Action Plan?
A strategy action plan is a way to break down large strategic priorities into smaller, more manageable objectives that can be achieved through actionable initiatives and projects. It provides a structured approach to tracking progress and ensuring the successful execution of the plan. The Strategy Action Plan Template is designed to help project managers and other stakeholders ensure that their strategic objectives are met in an efficient and organized manner.
What's included in this Strategy Action Plan 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 Strategy Action Plan template for?
This Strategy Action Plan Template is designed for project managers and business leaders who need an organized and structured approach to achieving their strategic objectives. It provides a simple and systematic approach to planning and tracking progress towards a goal, so that stakeholders can be confident that their plan is being implemented as intended.
1. Define clear examples of your focus areas
Focus areas are the broad categories that you want to focus on when creating your strategy plan. Examples could include increasing efficiency, increasing customer satisfaction, or increasing revenue. It is important to identify these focus areas and the objectives that fall under them in order to create an effective strategy plan.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals or outcomes that you want to achieve under each focus area. These objectives should be specific and achievable, so that you can track your progress and ensure that you are moving towards your desired result.
Examples of some objectives for the focus area of Increase Efficiency could be: Streamline Shipping Process, and Reduce Labor Costs.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are the measurable targets that you set in order to track your progress towards the objectives in your strategy plan. Measurable targets can be anything from decreased wait times to increased customer response rates.
An example of a KPI for the focus area of Increase Efficiency could be: Decrease average shipping wait time.
4. Implement related projects to achieve the KPIs
Projects are the actionable initiatives that you take in order to reach your KPIs (Key Performance Indicators). Projects should be specific, actionable, and measurable in order to ensure that progress is being made towards achieving your objectives.
An example of a project related to Increase Efficiency could be: Automate Shipping Process.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is an intuitive and easy to use software platform that helps project managers and stakeholders track progress towards their objectives. With real-time data, automated workflows, and customizable dashboards, Cascade makes it easy to stay on top of your strategy plan and ensure that your objectives are being met.