What is Strategy Roadmap?
The concept of business planning is complicated but has been prevalent for decades. There are different principles used to incorporate data accordingly, and today, there is a strategic roadmap. A strategy roadmap is a presentation of initiatives and implementation plans. This effort has paved the way for digital transformation that becomes an efficient guide for business owners to succeed in the field.
How to Create a Strategy Roadmap in Google Slides
Your strategy roadmap must be vision-driven. It must follow a continuous and coherent process. According to Chron, failure to provide as such may result in unclear organizational structure and poor execution of plans and strategies. To get equipped with knowledge on how to create a strategy roadmap, kindly check what follows.
1. Determine your Vision
First, you have to settle for a particular business vision for your project management. Your vision will serve as a lead and foundation of your entire strategy roadmap.
2. Recognize your Principles
Not all plans shall remain as is. It shall encompass the values to follow. Make sure that you have your outlines of values or principles align with your vision so that all your strategies result in an outcome where you presume you will land.
3. Establish your Strategies
Next, you come up with a list of your strategies for reaching your corporate goals and supporting your strategic planning. As pioneered by Rober Kaplan and David Norton, the age-old framework for establishing procedures shall view these into four (4) perspectives: Financial, Customer, Internal (Process), and Learning and Growth.
4. Include your Tactics
To make your strategy roadmap functional, you must include the key actions or tactics needed to make your strategies operative. These tactics allow you to picture the reality of your roadmap and clarify each phase of your presentation.
5. Outline Possible Roadblocks
It is common in all types of planning to assume potential risks. Once you determine these risks, you may now add the actions that you believed would help pursue your programs.
6. Indicate Achievements
Strategic roadmaps must indicate particular areas for completion. However, a strategic roadmap is a cycle in which possible changes may happen, enabling you to adjust as possible.
What is the difference between a roadmap and a plan?
A plan presents the ways on how to achieve a particular outcome while a roadmap concerns on the what and why's of the project. Also, strategic roadmaps outline the specific steps to attain a particular business goal, at the same time, follow the strategic vision as its core feature.
What is the difference between a strategy roadmap and timeline?
A strategy roadmap outlines the direction to where your plan is heading while the timeline presents the entire schedule only.
What is an effective strategic roadmap?
An effective strategic roadmap comprises the clear vision and directions of a particular plan, not disregarding the future's possible changes. Also, it should be coherent with ideas and actions from the start-up to its end part.
How can a strategic roadmap benefit me with my strategic planning?
Your strategic roadmap helps you track your actions, allowing you to check your projects or programs' status regularly. It also enables you to collaborate with your team smoothly.