What is a Strategy Blueprint?
A strategy blueprint is a comprehensive and detailed plan that outlines a company’s goals, strategies and initiatives for achieving them. It’s a roadmap for decisions and actions that define the course of a business. A strategy blueprint outlines the specific steps that a business should take in order to reach its objectives, and serves as a resource for teams to refer to when making decisions and taking action. It helps to align the efforts of various departments and personnel, and ensures that everyone is working towards the same goals.
What's included in this Strategy Blueprint 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 Blueprint template for?
The strategy blueprint template is for strategy and planning teams in various industries. It provides a structured approach to creating a strategy blueprint to guide their business decisions and actions and help them achieve their desired outcomes. The template helps teams to define their focus areas, set measurable targets, and implement related projects to achieve those targets.
1. Define clear examples of your focus areas
A focus area is a broad topic or area of interest that your strategic plan will address. It helps to guide the direction of your plan, and can be tailored to the specific goals and objectives of your business. Examples of strategic focus areas that could fall under a Strategy Blueprint could be: Improve Customer Service, Enhance Employee Engagement, and Improve Financial Performance.
2. Think about the objectives that could fall under that focus area
An objective is a specific goal that you would like to achieve. It should be measurable, achievable, and relevant to your overall focus area. Objectives are the specific steps that you need to take in order to reach the larger goals of your focus area. Examples of some objectives for the focus area of Improve Customer Service could be: Increase Customer Satisfaction, and Reduce Customer Wait Time.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are measurable targets that you can use to track the performance of your objectives. They should be measurable, achievable, and relevant to the specific objective. Examples of KPIs may include increasing customer satisfaction from 3.2 to 4.0, decreasing average wait time from 5 minutes to 3 minutes, or increasing employee retention rate from 75% to 85%.
4. Implement related projects to achieve the KPIs
A project (action) is a specific initiative that you will undertake in an effort to achieve your objectives. It should be actionable, achievable, and relevant to the specific KPI. Examples of projects may include monitoring customer feedback, streamlining support processes, developing employee training programs, and establishing performance metrics.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform designed to help you quickly and efficiently implement your strategy blueprint. It helps you to visualize, track, and measure progress towards your goals. With Cascade, you can stay on top of your KPIs and ensure that your objectives are being met so that you can achieve faster results from your strategy.