How do you create a strategy map?

How do you create a strategy map?

How to Create a Strategy Map

1. Define Mission, Vision, Values. That’s the direction to the “north” for your organization.
2. Define Four Perspectives. Finance, Customers, Internal, Innovations.
3. Strategic Priorities.
4. Define Business Goals.
5. Describe Rationale.
6. Define Leading and Lagging Metrics.
7. Define Initiatives.
8. Cascade.

What should a strategy map include?

A strategy map is a simple graphic that shows a logical, cause-and-effect connection between strategic objectives (shown as ovals on the map). It is one of the most powerful elements in the balanced scorecard methodology, as it is used to quickly communicate how value is created by the organization.

How do I create a strategy map template?

A strategy map template includes four perspectives. The rectangles inside the perspectives represent business goals. A business goal includes several lines to fill in: Use the first line to formulate the name of the goal. Use the two lines with the “clipboard” icon to write down some initiatives and some relevant budget or timing information.

What is a strategic roadmap?

What is a Strategic Roadmap? A Strategic Roadmap is a comprehensive framework envisioning, developing, guiding, and measuring project initiatives— Establish Strategic (End State) Vision Identify Project Goals & Objectives

What are the steps of strategy mapping process?

of a strategy map. The steps are: 1. Specify an overriding objective. 2. Choose the value proposition. 3. Choose the financial strategies. 4. Choose the customer strategies. 5. Execute through the internal perspective strategies. 6. Plan the learning and growth strategies. Steps 1 through 4 of the strategy mapping process

What are the themes in the strategy map?

Some organizations prefer to highlight themes in the strategy maps by vertically grouping objectives. Themes highlight strategic focuses, and they may represent areas such as sustainability, culture of safety, etc.