What is a Strategy Roadmap?
A strategy roadmap is a plan of action that helps organizations achieve their goals by outlining the steps to take and by setting measurable targets (KPIs) to track progress. It is like having a GPS for your business’s success! By creating a strategy roadmap, you have a structured plan that will keep everyone motivated and on the same page. This template is designed to give you the framework to build your own roadmap that can be easily shared and tracked across your team.
What's included in this Strategy Roadmap 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 Roadmap template for?
The Strategy Roadmap template is for businesses of all sizes and industries. It provides a clear structure to follow when planning and executing short and long-term goals. This template is easy to use, and allows you to track progress on your initiatives. No matter the size of your organization or the industry you are in, the Strategy Roadmap template can help you achieve success.
1. Define clear examples of your focus areas
A focus area is the overarching area that you wish to improve or achieve. It is important to clearly define your focus areas in order to create a comprehensive roadmap.
Examples of strategic focus areas that could fall under a Strategy Roadmap could be: Increase customer satisfaction, Improve employee performance, and Operational Efficiency.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that you wish to achieve within each focus area. These are shorter-term goals that can be achieved within a certain time frame and are measurable.
Examples of some objectives for the focus area of Increase customer satisfaction could be: Improve customer service response time, and Reduce customer service calls.
3. Set measurable targets (KPIs) to tackle the objective
Setting measurable targets, also known as KPIs (Key Performance Indicators), are crucial for success. KPIs help you measure the progress of your objectives and allow you to adjust your strategy as needed.
An example of a KPI for the focus area of Increase customer satisfaction could be: Decrease avg customer wait time from 4 minutes to 2 minutes.
4. Implement related projects to achieve the KPIs
Projects, also known as actions, are the steps necessary to achieve the KPIs set for each focus area. Projects should be actionable, measurable, and achievable. For example, if the KPI for the objective of improving customer service response time is to reduce the average customer wait time from 4 minutes to 2 minutes, then a project to achieve this KPI could be to streamline the customer service process.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a powerful tool that helps you track and optimize your strategy roadmap. With this platform, you can easily monitor and measure progress, collaborate with your team, and adjust your strategy in real time to ensure success.