This Excel-based strategy toolkit will help with that process. Strategic Planning Template : A solid strategic planning template that thousands of organizations use and encompasses goal setting and strategic planning elements. Though we do have our own guide for the SWOT analysis. Strategy formulation is where the rubber hits the road. By now, you've got a good idea of where you want to go goal setting and your own capabilities, as well as the situation externally understanding your environment.
So, it's time to create a plan for how to get there. Google Sheets : A step-up from Excel since it allows for easier collaboration when brainstorming your strategy with colleagues. Strategic Planning Questionnaire : A downloadable questionnaire you and your team can complete prior to a strategy formulation session to get your thoughts flowing freely. The second phase of the strategic management process is executing the strategic plan you created earlier. Strategic governance is all about setting up the right processes in your organization to have effective and meaningful strategy discussions.
Google Calendar : OK, so this isn't really a strategy tool per se, but the first step in effective strategic governance is actually getting your team together on a regular basis to talk about strategy. Trello : Whilst, not a fully-fledged strategy tool, Trello can help with basic governance of strategic goals and projects. Developing a sound strategic plan is great. Effectively communicating it to your people and having them engage with it is not an easy task.
That's where our list of strategic communication and engagement tools can help:. Prezi : PowerPoint is a terrible tool for strategy execution, but a good presentation is a fine starting point to introduce your people to the new strategy. Up your game with an interactive Prezi presentation rather than a stuffy old PowerPoint! Strategic Communication Toolkit : This toolkit will help you plan out your strategic engagement plan to ensure you cover all the bases of effective strategy communication.
Employee Engagement Toolkit : Create an action plan to drive higher employee engagement in this interactive template. Cascade Strategy Software : With our platform, you go beyond presenting your strategy to your people. You expose it. Check out these tools for a helping hand:. Zoho People : There are very few genuinely free performance management tools out there, but Zoho has a free tier for up to 5 team members. The final phase of the strategic management process involves tracking the effectiveness of your strategy and then iterating where needed.
These tools are all about tracking, analytics and iteration! Strategic analysis monitors whether or not you've delivered on your strategy and made progress towards your goals. It's also concerned with helping you understand the reasons why you've succeeded or failed.
Dasheroo : The free version only allows you to create one strategy dashboard, but it includes integrations to many of your business systems. If you haven't noticed already, Cascade is the only platform that takes care of all the phases of the strategic management process. Get a demo of the 1 strategy software and ask questions of our strategy experts. Sign up for a Cascade account or ask to see our platform in action. All rights reserved. Product Learn Pricing Sign In.
Customer Stories See how Cascade aligns teams, and executes strategic goals in organizations. Strategy Execution Software Strategy isn't a thing that you do in addition to business. It is your business. Strategy Factory The Wikipedia of strategy.
Originated in the s by Michael Porter , value chain analysis is the conceptual notion of value-added in the form of a value chain. He suggested that an organization is split into 'primary activities' and 'support activities'. The figure below divides activities into primary and support activities as suggested by Porter's Value Chain Analysis model. Michael Porter developed the Five Forces Model in Michael Porter's Five Forces is a powerful competitive analysis tool to determine the principal competitive influence in a market.
It is a broadly used model in business that refers to the five important factors that drive a firm's competitive position within an industry. By thinking through how each force affects you, and by identifying the strength and direction of each force, you can quickly assess the strength of the position and your ability to make a sustained profit in the industry.
Thus Five Forces analysis helps you stay competitive by:. The Four Corners Analysis, developed Michael Porter, is a model well designed to help company strategists assess a competitor's intent and objectives, and the strengths it is using to achieve them. It is a useful technique to evaluate competitors and generate insights concerning likely competitor strategy changes and determine competitor reaction to environmental changes and industry shifts.
By examining a competitor's current strategy, future goals, assumptions about the market, and core capabilities, the Four Corners Model helps analysts address four core questions:. If an enterprise prescribes a certain approach for its business activity, it ought to be able to say why and what result s is the approach meant to achieve. An enterprise would use it by acquiring a BMM modeling tool and then creating its own BMM - populating the model with business information specific to the enterprise.
There are two broad purposes:. The scope of an enterprise BMM may be the entire enterprise, or an organization unit within it. Higher-level organization units may appear to lower level units as influencing organizations, outside the 'enterprise' boundary, and their directives may have the status of regulations.
An enterprise BMM does not have to represent the entire enterprise. Ends define what an enterprise wants to be - the states it desires to be in. There are three levels:. Means define what an enterprise has decided it needs to do to achieve its ends.
There are three kinds:. An influencer is something that an enterprise decides might affect it. There are two broad types:. When an influencer causes a significant change, the enterprise makes an assessment of its impact, identifying risks and potential rewards. There may be multiple assessments, perhaps from different stakeholders. This framework reflects widely accepted strategic planning techniques, helping you identify strategic drivers and strategic goals in strategic planning.
The learning curve of performing BMM could be somehow steep for beginner. The interconnection among elements are hard to maintain and visualize and that's why the Guide-Through Process for BMM come about.
By following the process step-by-step, the core components of strategic planning will be identified. The resulting information will be archived in document form automatically. We use cookies to offer you a better experience. By visiting our website, you agree to the use of cookies as described in our Cookie Policy.
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