Stage Closed-Loop Management System - The Strategy Map
3 important questions on Stage Closed-Loop Management System - The Strategy Map
What will the strategy map help you to do?
Reduce complexity by decomposing the strategy into themes (for your scenario). The Corporate Strategy is sliced into 4 themes with each a cause-and-effect relationships. And improve the existing strategies and innovate.
After having created the strategy map, to which tool do you link this to measure progress toward an objective?
A balanced scorecard of performance metrics and targets for each strategic objective.
What are the 4 stages of the chain (the strategy map)?
- Company's long-term financial objectives (financial perspective)
- Objectives for customer loyalty and value propositions (customer perspective)
- Goals related to critical processes (process perspective)
- Links to people, technology and organisational climate and culture necessary for successful strategy execution (learning and growth perspective)
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