Balanced Scorecard
The implementation of the balanced scorecard (BSC) in Core-Strategy delivers an organizational scorecard in an intuitive and concise manner, empowering your organization to
- Clearly communicate its objectives.
- Align the day-to-day work of all team members with the overarching strategy.
- Prioritize projects, products, and services.
- Measure and monitor progress toward strategic targets.
Strategy Map
The Strategy Map in the Core-Strategy suite facilitates the intuitive mapping of the cause-and-effect relationships between strategic objectives with a simple point-and-click approach. It stands as a powerful component in the balanced scorecard methodology, swiftly conveying how the organization generates value.
- Financial
- Customer
- Internal processes
- Learning and growth
A strategy map can help:
- Identify key goals
- Uncover gaps in your strategy
- Display how intangible company resources generate strategic value
- Help employees understand the overall strategy and their role in it
- Help everyone be on the same page with others
Strategy Roadmap
The Strategy Roadmap module within the Core-Strategy suite presents an interactive and user-friendly dashboard that illustrates your organization's strategy's current versus expected progress. Endorsed by senior-level stakeholders, strategic planning roadmaps concentrate on mission-critical business objectives and typically emphasize long-term timelines and deadlines.
A typical strategic roadmap consists of several critical components:
- Strategic Goals: These are the high-level goals your organization aims to achieve. They serve as the guiding north star for your roadmap.
- Objectives: These are major efforts or projects your organization will undertake to achieve the strategic goals.
- Actions: These are specific tasks related to each initiative. They represent the "how" of achieving each initiative and, ultimately, the strategic objectives.
- Timelines: Timelines offer a temporal view of when initiatives and actions are expected to start and end, indicating progress and helping manage expectations.
- Milestones: Significant events or achievements along the roadmap that indicate progress towards strategic objectives.
Strategy Tree
The Strategy Tree module in the Core-Strategy suite is a hierarchical mind map that visually represents the entire strategic management relationship, spanning from the organization's vision to all objectives and programs in a single pane.
- It can be used to guide your strategy formation
- Communicate the plan to your team or stakeholders and
- As a way to report on progress against your overall goals
A Strategy Tree is composed of following levels:
- [Level One] Strategy Plan: Strategic planning is an organization's process of defining its strategy or direction and allocating its resources to pursue this strategy
- [Level Two] Goals: Goals describes what a company expects or hopes to accomplish over a specific period, in other words, where it hopes to be at a future date.
- [Level Tree] Objectives: Objectives are a specific result you are trying to achieve within a period and with available resources. Core-Strategy provides two varieties of objectives namely Objective & Key results (OKR) or Project.