Your strategic plan should align everyone -- from senior executives to
front-line employees -- to a common direction and goal. However, in too many
organizations, strategic planning occurs only at the very top and its outputs --
often thick binders full of complex documents -- are not communicated beyond the
executive team, nullifying the plan’s potential.
To make a strategic plan more actionable, there are some simple steps:
First, a thorough functional SWOT Analysis to identify key Strengths, Weakness,
Opportunities, and Threats, will help you discover exactly where your
organization stands compared to competition, market conditions, and in light of
current internal issues and opportunities. ActiveStrategy can help.
Once you know where you are, it’s easier to get where you’re going. Pull out
the most critical objectives identified in your strategic planning and SWOT
Analysis. Next, use these objectives to create a Strategy Map -- a simple,
visual depiction of the key parts of a strategic plan, emphasizing the cause
and effect relationship of the objectives.
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Balanced Scorecards should be tightly aligned to your current strategic plan.
The best way to achieve this alignment is to use your
Strategy Map as the foundation for the top-level Balanced Scorecard.
The Balanced Scorecard becomes the strategic “shorthand” that is the framework
for dramatic long- and short-term results.
Find out more about
Building a Top-Level Balanced Scorecard