Discover a 10-Step Success Methodology for Creating a Strategic Plan.
Using Harvard University Strategy Map and Balanced Scorecard Process.
This Strategic Plan example below follows our well-established steps, however every Application is Different.
The main goal here is the Alignment of Outcomes with Stakeholder needs, because they invest to make a profit.
The main goal here is the Alignment of Outcomes with Stakeholder needs, because they invest to make a profit.
| Planning Phase (Planned Outcomes) | Our Documents & Videos | ||
| Preliminary. |
Consider what Strategic Work has already been done. Try to evaluate the benefit of this earlier work and add that as a specific group in your SWOT grid. Some of this will undoubtedly contain some valuable items, plus others which may lead you in the wrong direction. |
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| Step 1. |
Develop your Strategic Statement Framework Define Visionary Statements: Core Goal, Vision, Mission, Market, Slogan/Motto, SWOT, Values, Policies, Procedures & More. Create an enhanced SWOT statement grid which should include everything that you WANT & DO and NEED to Avoid. Create groups of rows for these categories: [Earlier Strategic Work] plus [Danger & Risk]. Also [Strengths, Weaknesses, Opportunities & Threats] plus also [Leverage]. Look at some of our example Strategy Maps to get an idea of the final Strategy Map. You will need to classify every item into 10 or more shared bigger-picture objective goals. This recursive process may take time, be prepared to allocate a period of several days, during which time you can revisit your work. Always remember to consider the bigger-picture, plus when you leave and then later revisit this task that solutions will become clearer. |
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| Step 2. |
Build Your Strategic Picture. Derive your Corporate Objectives from the SWOT Items and Statements. Try to modify your SWOT Grid, so that you add a final column which only contains Bigger Picture Items that can be Shared and Collaborated. Call this "Objective Goal". Try to Identify at least 2 Themes, such as "Being Better at what you do" and "Finding Extra Things to do". Possibly Add a new column at the front and call that Themes. Then add another column at the front and call it Perspectives. Possibly Label the top row perspective "Themes". Label the second perspective row. If you are commercial then Finance is on top row. If Funded then put Finance on the bottom row. Add in the Perspectives "Customer" and "Internal Process" and Research & Learning" Fill in your "Bigger Picture Shared" Objective Goals besed upon your SWOT Grid. |
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| Step 3. | Design your Balanced Scorecard by adding KPI/KRA, Measures and Scores type columns. The KPI/KRA statements should be derived from your SWOT items and your Strategy Map Objective Goals. Cascade the Strategic Objectives in the Balanced Scorecard Objectives Grids. Add additional special purpose columns to both the Objectives and Initiatives grids as required. |
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| Step 4. | Allocate several initiatives with date-ranges to each Objective row. Enter in your monthly budget requirements and allocations. |
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| Step 5. | Strengthen your Strategy Map Objective Goals by adding Supporting Statements. Make these statements brief and provide reasons why each Objective Goals Exists. | ||
| Approval Phase | |||
| Step 6. | Apply Strategic Alignment scrutiny to Initiatives. Analyze monthly progress and approve the budgets. Locate disadvantages and poor performance areas. | Software Help | |
| Step 7. | Modify budgets and add extra Initiatives as required. Seek out all those Intangible Assets to be added into the Initiatives statements. |
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| Implementation Phase (Actual Outcomes) | |||
| Step 8. | Add Actual monthly data and mark each month as Valid. Monitor Initiative Monthly progress outcomes using Actual/Planned analysis. |
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| Step 9. | Add and use numeric gauges to provide Closed Loop Measurement Feedback. Add Weighting column and values to prevent easy jobs warping the measurement picture. Analyse general outcome performance success or issues. | ||
| Step 10. | Take corrective action in response to WYSIWYG Gauges in the Organizational Tree and Strategy Map. Publish your Strategy Map with Gauges to Senior Management and Board Members | ||