Software for strategic planning is more than just a tool for creating documents. It assists teams to remain on the same page and helps to ensure that they are executing. It also helps with collaboration and flexible processes. Your team will be able to create a concise, clear and effective strategic plans with the right tool.
A solid strategic plan starts with a mission statement that gives the sense of direction and purpose. It outlines the business’s mission and values, as well as what it plans to accomplish. It also identifies the challenges and opportunities, allowing the company understand its current position and possible future direction.
After the mission has been defined, it is time to set goals. There are a variety of goal-setting methods to choose from, including the balanced scorecard (BSC), OKRs, SWOT analysis and scenario planning. These methods allow you to establish annual goals that are tied to the strategic goals and objectives of your company.
It’s important to track and report progress once the goals have been established. This has traditionally been done using spreadsheets. However, this could be tedious and prone to errors. It is also challenging to ensure that the spreadsheet is aligned between multiple versions of the spreadsheet.