What is a Strategy Map?
A strategy map is a visual representation of an organization's strategic objectives and the relationships between them. It is typically used to help organizations identify, track, and measure their progress toward achieving their goals. By creating a strategy map, organizations can quickly and easily identify areas for improvement and focus their efforts on the most important objectives.
What's included in this Strategy Map 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 Map template for?
The Strategy Map template is designed for organizations of all sizes and industries. It enables organizations to create a visual representation of their strategic goals, objectives, and KPIs, and to establish relationships between these different strategic elements. This template is an ideal tool for organizations looking to gain a better understanding of their strategic goals and objectives, and to measure their progress in achieving them.
1. Define clear examples of your focus areas
A focus area is the highest level of a strategic plan. It’s a broad area or goal that an organization is aiming to achieve. Examples of focus areas could include increasing customer loyalty, improving operational efficiency, and improving customer service. Defining clear focus areas allows an organization to identify and prioritize its objectives.
2. Think about the objectives that could fall under that focus area
An objective is a specific measurable goal that contributes to an organization's overall focus area. Objectives must be actionable, measurable, and achievable. Examples of objectives for an organization looking to increase customer loyalty include expanding customer outreach, increasing customer satisfaction, and increasing customer retention.
3. Set measurable targets (KPIs) to tackle the objective
A Key Performance Indicator (KPI) is a measurable target that helps to track progress towards achieving an objective. A KPI should be specific, measurable, and achievable. Examples of KPIs for an objective related to increasing customer satisfaction could include reducing manual process time from 5 hours to 2 hours, or decreasing response time from 2 days to 1 day.
4. Implement related projects to achieve the KPIs
A project (or action) is a set of activities that must be completed in order to achieve a KPI. Projects should be specific, measurable, and achievable. An example of a project related to increasing customer satisfaction could include to increase customer touchpoints.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is the ultimate tool for achieving your strategic goals. It provides an easy-to-use template for creating a strategy map and helps organizations track, measure, and visualize their progress in achieving their strategic objectives. With Cascade, organizations can see results from their strategies faster and more efficiently.