Gartner Strategy Agenda Pool, our reflection

Gartner writes an excellent blog post about the “9 Steps to Successful Functional Strategic Planning”  

In Gartner’s Strategy Agenda Poll, “60% of corporate strategists cite slow strategy execution as their biggest challenge of the year”. With this knowledge, we would like to offer our reflections on how to best  address this and overcome that challenge.

Get an overview of the strategy in one designated place 

If a company struggle with strategy execution, they will benefit from using Strategy Orchestrator where they will get an up to date knowledge of how the company's strategy is executed and worked on. It also offers the possibility to drill down into different aspects of the strategy, identifying possible discrepancies at an early stage. 

Ensure that the stakeholders buy-in

When a strategy is introduced in a company, it is often limited to a few managers who are then expected to distribute the concept of the strategic plan of the company to their employees. A lot of information is lost along the way, and the employees will often not feel an ownership to the plan. By using Strategy Orchestrator, all employees get access to all the relevant parts of the strategic plan. This will lead to more satisfied employees and a greater incentive to follow the plan on time.

Distribute the responsibility to the one with first hand knowledge 

Relevant information is often collected by managers, and then cascaded to the correct person higher up in the hierarchy. In Strategy Orchestrator, it is possible to distribute the responsibility to the person with the closest proximity to the information, eliminating the errors that often occurs when several people are involved, and the employee feel empowered and trusted.

Eliminate the Excel sheet

A lot of information is lost when you use Excel as the reporting tool, due to files being stored in the wrong location, information is not available when you need it, people updating in the wrong column and so on. With Strategy Orchestrator, you will have everything on hand in the correct place, and collected at the designated time. With an intuitive app or in the web browser, there is never a reason not to deliver on time, and there is no one to wait for to update, so that the sheet is available for edit. The program even sends out notifications when it is time to deliver on the values, eliminating the process of nagging.

Information flow and an adaptive approach to strategy

There are often changes in the market that interfere with how a company’s strategy is executed. A plan need to change when external factors change. Even if the overall goal is the same, the way they are reached need to adapt. Often the information needed to know of the changes, lay with the employees that are far from the top management. It is therefore vital that companies have a low barrier for information flow. In Strategy Orchestrator, we open for all employees to read and comment on the strategies of the company, lowering the barrier to give feedback to top management. This again can lead to greater profit and higher commitment in the company.     

Get a head on innovation

By having one place to report on strategy and communicate on strategic themes, there is a chance of new ideas arising. When an employee knows where she can communicate ideas directly to the top management, they know where they should deliver the ideas. We even put in a “new idea” check box, to make it easier to comment with a new idea, related to existing strategy. Of course the biggest job her is to communicate that the company are open for input and innovation, and that job needs to be done face to face.

In Conclusion; by using the 9 steps Gartner suggest in combination with Strategy Orchestrator, you are one step closer to be a part of the managers that feel they are in control of their strategic execution. 

New features in Strategy Orchestrator

Strategy Orchestrator continues to work with the customers and add features that are vital for companies to operate in the best possible way. The newest addition to our software is the possibility to not only measure KPI’s, goals and follow up on projects. We now also offer the possibility to keep track of OKR’s along side the companies strategy.

OKR - Objective and Key results is a measurement on employee, team and company basis, where the focus is to align the strategy and goals across the organisation. It has always been a goal for Strategy Orchestrator to better the transparency in companies, and with the possibility to track OKR’s alongside KPI’s we believe that the internal transparency will blossom. If you would like to read more about OKR’s please follow the link bellow to our blog post about OKR’s.

New features release January 2019:

  • New Canvas pages (in addition to Mission and Vision) for

    • SWAT analysis

    • Value proposition canvas

    • Go-to-market plan

    • Story telling canvas

    • Company culture canvas

  • Preview KPI reminders, and added division filter

  • Add option when saving KPI to move immediately to KPI Values page

  • Tags (Admin page, Report page for Goal,KPI, actions and initiative)

  • Sort risk values on custom value

  • User image on Goal modal / popup and added vertical scrolling if text exceed canvas height

  • Odata integration - includes child objects

  • Improved notifications on mobile app

  • New privilege to add the option to add and edit KPI's to users without data administrator privileges

  • Share page/screeenshot page, choose to exclude/include menu

  • Option to add extra logging to analyze user behaviour and usage

  • Added option to leave "Reminder days" on KPI empty, to avoid alerts to be sent. 0 means the notification will be sent same day as the period for KPI ends

New languages supported: Spanish, Arabic (RTL), Swedish, Danish and one specifically for handling OKRs

OKR's, align the strategies of individuals, teams and organisation.

OKR's, align the strategies of individuals, teams and organisation.

OKR is an abbreviation for Objective and Key Results, where the goal is to make the company focus on the main strategies, prioritizing and pulling together. The concept was first introduced by John Doerr in the book “Measure what matters”. In his book, the objective is described as the place we want to go and the key results is how we get there. There should only be a limited number of key results per objective (2-5) so that the employees don’t lose track, but keep focused.

The Top Ten Startup Metrics You Must Be Prepared To Present To Potential Investors

The Top Ten Startup Metrics You Must Be Prepared To Present To Potential Investors

If you have a good product, that's nice. A huge market is cool. But in the end it's all about your ability to execute on your business ideas that counts for VC's and investors.

Are you prepared? We recommend not using Powerpoint to present these numbers, but a tool like Strategy Orchestrator to convince them you are in control and focused on following up on your goals.

These are some of the metrics you should be prepared to discuss: