What is a Strategy Framework?
A strategy framework is a comprehensive plan that outlines the steps and objectives needed to reach specific business goals and objectives. It can be used to guide decision-making, prioritize resources, and measure progress. The strategy framework template provides a structured approach to developing a framework that can be used to inform a company's strategic planning process. It enables companies to define their focus areas and objectives, set measurable targets, and map out the projects needed to achieve their targets.
What's included in this Strategy Framework 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 Framework template for?
The strategy framework template is designed for strategy and planning teams in different industries. It can help them develop a comprehensive framework that guides their business decisions and actions. It is a versatile template that can be used by teams of any size, from small startups to large enterprises.
1. Define clear examples of your focus areas
Focus areas are the main topics that your strategy framework will address. For example, your focus areas could include customer experience, operational costs, or brand reputation. The strategy framework template helps you define these areas of focus and plan the objectives, projects, and targets within each focus area.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals and outcomes within a focus area. For example, under the focus area of customer experience, your objectives could include increasing customer satisfaction or reducing customer complaints. The strategy framework template helps you outline the objectives that will support your focus areas and provide guidance for your team.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are the metrics used to measure progress towards achieving an objective. For example, one KPI for the objective of increasing customer satisfaction could be to increase customer satisfaction from 4.5 to 5.5. The strategy framework template helps you set measurable targets for each objective that will guide your team in reaching their goals.
4. Implement related projects to achieve the KPIs
Projects are the actions taken to achieve the KPIs. For example, one project to improve customer satisfaction could be to provide more detailed product descriptions. The strategy framework template helps you map out the projects needed to achieve each objective and reach its associated target.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that helps teams to monitor progress, identify issues, and adjust their strategy in real-time. It provides a comprehensive view of the strategy framework and makes it easier to track the progress of objectives, projects, and targets. Cascade helps teams to see faster results from their strategy and make more informed decisions about their strategy.