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Overall Strategic Plan Structure. Session Outline …. The Three Key Grid Elements. Objective Grid: Primary Concept.
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Overall Strategic Plan Structure Session Outline …
Objective Grid: Primary Concept The Strategic Objective must be applied to define each person’s activities. Every employee has a responsibility to ensure that each assigned Organizational Strategic Objective is successful.
Objective Grid: Secondary Concept If you cannot measure what you are doing then you probably should not be doing it. Associated with the responsibility are the concepts of success and measurement. Depending on the industry application the responsibility is often called a Key Performance and the common acronym KPI is the Key Performance Indicator.
Objective Grid: Additional Columns It is useful to add in some additional information such as a date when the KPI/KRA will be reviewed, plus also a link to a larger document or relevant website link.
Initiatives Grid: Primary Concept The strategic plan concept contains several One to Many relationships. For each Objective there can be more than one KPI/KRA definition, and for each of these there are often several Initiatives/ Activities.
Initiatives Grid: Secondary Concept • Some Grid Cells, such as Date Range will be commonly repeated.If the data was stored in a list form then immediate allocation is possible and fast indexed data cross-referencing can be used.The ability to cross reference the Balanced Scorecard data is a huge advantage. This provides the basic means for collaboration between data items such as Objectives or KPI/KRA items. • To be able to display all information based on common data such as an Objective Review Date provides excellent visibility into this critical business data source.One popular example is to show all employees who are working towards a common Objective.
Monthly Planning Grids: Primary Concept Monthly grids provide the ability to track event or financial data throughout the year. Particular emphasis is placed on budget planning with rows for Planned and Actual data. Derived financial information such as Actual/Planned% are also popular.