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Strategy Maps play a crucial role in visualizing an organization's strategy. They provide a clear and comprehensive picture of the organization's objectives and the sequence of actions to achieve them. They help in aligning the organization's goals with its resources and initiatives. Strategy Maps also assist in communicating the strategy across the organization, ensuring that all team members understand their roles and responsibilities in achieving the strategic goals. They can help identify where each team member fits in and how their work contributes to the overall strategy. Furthermore, Strategy Maps can aid in identifying the target customers and market, and in formulating strategies to attract and retain these customers.
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Visualize your organization’s strategy so that all team players understand how to work together and identify where they fit in. Use our Strategy Maps...
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Strategic plans don't solve problems - as natural problem solvers, leaders often subconsciously choose tactical strategies to find solutions. "There's a certain level of comfort in trying to solve problems versus determining what types of risk your company needs to take to achieve the next level of financial performance. Instead of focusing on solutions during strategic planning, focus on increasing the company's odds of success," Gunther says. Ensure the strategic plan is outward-focused - the main purpose strategic maps should serve is identifying the ways in which the venture wants to position itself in the market, taking in consideration the target customers' needs and preferences Determine where your company exists – determine your target customer and market. When you have these two factors figured out, list strategies that will help you and your team to attract and retain those customers. Gunther says: "Include conversations on how to roll with an evolving marketplace, how to fil...
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