What is a Strategy Execution Plan?
A strategy execution plan outlines the key steps and activities required to achieve an organization’s strategic goals. It involves setting objectives and targets, defining projects, and outlining KPIs to measure success. It is a living document that is often updated to reflect changes in the organization’s goals and strategies.
What's included in this Strategy Execution 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 Execution Plan template for?
This strategy execution plan template is designed to provide strategy teams with a framework to plan and execute the necessary activities to achieve their organizational goals. It can help teams identify focus areas, create objectives, set measurable targets, and implement related projects.
1. Define clear examples of your focus areas
The first step in creating a strategy execution plan is to identify the focus areas. Focus areas are broad topics that the team will target to achieve their organizational goals. Examples of strategic focus areas that could fall under a Strategy Execution Plan could be: Increase Customer Satisfaction , Increase Revenue , and Increase Productivity .
2. Think about the objectives that could fall under that focus area
Objectives are specific goals that are designed to help the team achieve their focus area. For example, under a focus area of customer satisfaction, objectives could include improving customer service or increasing customer awareness.
3. Set measurable targets (KPIs) to tackle the objective
KPIs are measurable targets that are set to track progress towards the objectives. These targets should be specific, achievable, and measurable. For example, under the customer service objective, a KPI could be to decrease the average response time from 2.5 days to 1.5 days.
4. Implement related projects to achieve the KPIs
Projects (or actions) are the activities that are implemented to achieve the KPIs. These should be broken down into manageable initiatives that can be delegated and tracked. For example, under the customer service KPI, a project could be to increase response time to customer inquiries.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform helps strategy teams plan and execute their strategy execution plans. It provides tools to help teams create and track objectives, set and monitor KPIs, and manage projects. With Cascade, teams can see faster results from their strategy execution plans.