What are the four steps to creating a strategy map?

The four steps to creating a strategy map are:

1. Specifying objectives: Define what you want to achieve.

2. Listing your financial and customer strategies: Determine how you will generate revenue and how you will interact with your customers.

3. Identifying your venture's value propositions: Understand what makes your business unique and valuable to customers.

4. Communicating your strategy for financial value improvement: This can be achieved by talking to your customers, quantifying your value, finding different channels to offer value and sharing your success stories.

Question was asked on:

This slide offers you to complete thefour steps on the way to creating your strategy map. These include specifying objectives, listing your financial and customer strategies and identifying your venture's value propositions. Use this slide to communicate your strategy forfinancial value improvement. This can be achieved by talking to your customers, quantifying your value, finding different channels to offer value and sharing your success stories. With this slide, demonstrate your completed strategy map to the team and stakeholders. One important thing to be mindful of is that the best practice is to keep your objectives number under 20 for clarity and easier strategy implementation.

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Strategy Maps

What if you could communicate your overall strategy on a single page? Well, you can with our Strategy Maps deck. Create strategy maps that keep everyo...

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