5 Steps to Create and Roll out Your Strategic Plan
Creating your strategic plan in a consistent, repeatable way will help your company adapt to change, make better decisions, and move faster together.
Below is a 5-step process to help your team get started. Be sure to dive into the detailed videos created by our very own VNC experts!
Six Lessons Covered
Overview of Strategic Planning Process - Summary of the process (click video to right)
Foundation - Mission & Vision Statements. Corporate Core Values
Proposition - Strategic Frameworks & Models resulting in Hypothesis
Details - Completing Balanced Scorecard - Goals, Objectives, Strategy Maps, Actions
Alignment - Objectives & Key results - Cascading goals across all tiers of org
Execution - Indicators (leading & Lagging), reporting, Tracking, KPIs
Setting the right foundation by defining or updating your mission, vision and corporate core values is key to overall success
Mission: We treat this as the highest level goal and ultimate achievement for the organization. You should define your mission to be the reason to exist for all other goals for your company
Vision: We want to make sure your Vision is long term thinking compared to Mission. We help you establish the right vision that is both shared as the long term dream for the organization and the inspiration for all teams.
Core Values - The guiding principles of the organization. In the context of strategy, this course focuses on real values that are actually followed by your company versus unachievable values.
This lesson covers 3 parts:
Frameworks Video Tutorials: Engage in Industry leading strategic frameworks tutorials focused on enabling the blueprints needed to create and deliver a proper strategic plan. These courses are intended to teach you the basics of using models and frameworks to define your organization's goals, and how to achieve and track them.
Develop your Business Proposition : After learning about the specific frameworks, we show you how and when to use them depending on your perspectives and circumstances. How to use execution frameworks such as BSC and OKRs to integrate your mission, vision and core values and how SWOT, PEST and VRIO analysis works to identify trends and hypothesis.
Challenges : You will use the frameworks to build your proposition for your company and submit your answers to our experts for feedback.
VNCDesigner contains all the tools and frameworks needed to accelerate your strategic planning journey.
The output generated from the prior step/course produced your business proposition containing high level goals with suggested actions in the BSC strategy map documented in your strategy designer platform.
This lesson starts with the business proposition to generate more specific business goals, and actions with KPIs, timeframes, risks and budgets. The intent is to help you define the details necessary to execute your strategy, and outline key results in an appropriate time frame for future stakeholder communication.
You will use the Designer Platform tools to help you create, update and organize goals/objectives, strategy mapping KPIs and actions/initiatives within your BSC strategy map .
Many Strategic Plans never get off the ground because it's not articulated properly to the stakeholders or the teams just don't understand the goals. This course teaches you goal alignment and cascading approach of a strategic plan where stakeholders and teams at all levels of the org understand how desired business outcomes can be achieved on a certain business level (alignment of business goals), and how the success/failure can be measured (alignment of respective measures).
The idea is that everyone in the company, including Executives, managers and employees, are aware of the strategy and understand how their job is linked to the ultimate goal (achieving company’s vision).
You will use the Designer Platform tools to help you create separate plans for each part of the business and connect them properly.
This part of the lesson is about having the right visuals and tools to manage the the execution of your strategy. You may current have software or spreadsheets to manage your projects which is fine is that works for your company. We will show you how you can use the VNC designer platform to help orchestrate and make available the information you need to properly manage a successful execution of your strategy.
Strategy maps with goals linking
Keep track of KPIs
Keep the team informed via Alerts
Analyze performance data
Build Business intelligence dashboards