What is an Acquisition Strategy Plan?
An acquisition strategy plan outlines the process involved in researching, evaluating, and acquiring another organization. It typically includes objectives and goals, focus areas, measurable targets (KPIs), and related projects. The plan should be tailored to the individual organization's needs and resources. By having an acquisition strategy plan in place, organizations can more easily identify and evaluate potential acquisitions, and be better prepared to negotiate and close the deal.
What's included in this Acquisition Strategy 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 Acquisition Strategy Plan template for?
The Acquisition Strategy Plan template is for organizations of all sizes and industries who are looking to create a plan to acquire other organizations successfully. The template provides a framework to help organizations define their focus areas, objectives, and related projects, as well as set measurable targets (KPIs) to track progress. This template can be used to create a comprehensive and structured plan that is tailor-made for the organization's needs.
1. Define clear examples of your focus areas
Focus areas are the main categories that the plan is divided into. It is important to identify the areas that the organization wants to focus on when creating an acquisition strategy plan. Examples of focus areas might include Business Acquisition Strategy, Financial Analysis, and Negotiation and Closing. These focus areas should remain consistent throughout the plan.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that the organization wants to achieve in each focus area. Objectives should be measurable, clear, and achievable. Examples of objectives for the Business Acquisition Strategy focus area might include creating a pool of potential acquisitions and developing acquisition criteria.
3. Set measurable targets (KPIs) to tackle the objective
Measurable targets, or KPIs (Key Performance Indicators), are the metrics used to track progress towards the objectives. KPIs should be quantitative and specific. For example, one metric for the objective of creating a pool of potential acquisitions could be the number of potential targets identified.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the activities that need to be completed in order to achieve the KPIs. Projects should be specific, achievable, and measurable. For example, to achieve the KPI of number of potential targets identified, one project could be to research and compile a list of potential organizations to acquire.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform makes it easy to track progress towards objectives and KPIs, monitor progress, and make adjustments to the plan as needed. It also allows for collaboration across teams and departments to ensure that everyone is aligned and on track to achieve the organization's goals.