What is a Strategy Maturity Plan?
A Strategy Maturity Plan is a structured approach to planning and tracking your organization’s strategic goals and initiatives. It provides a way to map out clear objectives, formulate measurable targets (KPIs), and plan and implement the related projects needed to achieve them. By tracking the progress of your objectives and projects, and by measuring the associated KPIs over time, you can assess the maturity of your organization’s strategic capabilities and develop plans for further advancement as needed.
What's included in this Strategy Maturity 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 Maturity Plan template for?
The Strategy Maturity Plan template is designed for organizations of any size or sector, to help them create plans for advancing their strategic maturity over time, incorporating evolving methodologies and best practices. The plan can also be used to evaluate the effectiveness of your organization’s current strategies, and identify areas for improvement or expansion.
1. Define clear examples of your focus areas
The first step of creating a Strategy Maturity Plan is to determine your focus areas. These are the broad areas of planning that you want to make improvements to, such as enhancing customer experience, streamlining operations, or enhancing data insights. Each focus area should be specific and detailed enough to help you define objectives and set measurable targets.
2. Think about the objectives that could fall under that focus area
Once you have determined your focus areas, you can start to identify objectives within each one. Objectives are the goals you want to achieve within each focus area, such as improving customer satisfaction or increasing efficiency. They should be specific and measurable, and should be achievable within a defined timeframe.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are the measurable targets you set to help you track your progress in achieving your objectives. They should be specific and measurable, and should be based on tangible data points such as customer satisfaction ratings or response times. By measuring your KPIs over time, you can assess the maturity of your organization’s strategic capabilities.
4. Implement related projects to achieve the KPIs
Projects (or actions) are the initiatives that you implement to help you achieve your objectives. Projects should be tailored to your specific objectives and KPIs, and should be designed to help you measure progress towards achieving them. They could include initiatives such as automating customer service, streamlining operational processes, or investing in data-analysis tools.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a strategy execution platform that provides a comprehensive view of your organization’s strategy and helps you quickly assess progress and identify areas for improvement. With Cascade, you can easily create and track your Strategy Maturity Plan, track progress against your KPIs, and measure the impact of your projects on your overall strategy.