Identify your business priorities and agree to work on them
Organizations use strategy as a concept to make the organization needed and necessary. Strategic planning is to make sure the organization is fit for the tasks in the future.
How To Plan your Strategy & Business with Enterprise Architecture.
Dragon1 Enables You to do Strategic Planning
You will make better decisions if you create a conceptual architecture blueprint for your organization.
The challenge board members and directors are facing is that the organization is becoming more and more complex. Its ecosystem is changing every second, new technologies and concepts arise every minute and the organization is switching from a human-based organization to a computer or robot-based organization.
Strategy is a plan of action designed to achieve a long-term or overall aim.
This all makes it much more difficult to define new strategies and execute them. It is hard to develop a new strategy on your own or work without exploring various what-if scenarios. Therefore, Dragon1 supports everyone in developing their strategies with a unique set of collaboration, modeling, and visualization features. Together as a strategic planning team, you can get the job done.
Alignment of Goals and KPIs
How great would it be if you could visualize and manage the impact of your strategy on the business? If you were able to do this, think of what it means to realize your goals, objectives, and aims. If you want it to be true you need to model and visualize your strategy first and then model and visualize your business.
Strategy vs Tactics: Insights at a strategic, tactical, operational level.
The steps and actions you need to take before is to collect all the necessary data for modeling your strategy and business. Dragon1 helps you in doing that by hinting at what you need to collect and next import the data. And to make no secret of it: collecting the correct strategic data is the hardest part of strategy development. Using the Dragon1 Enterprise architecture platform to model and visualize it, is the easiest part.
Take, for instance, goals and KPIs. You can administer goals, objectives, aims, and many more of these strategy data types. Goals and KPIs are the two most used.
A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives and goals. Dragon1 encourages you to define every data type you collect as we do here with KPIs. The better you know what a KPI is, the higher the quality of data you collect and enter.
Also goals, objectives, and targets have a specific relationship. Also bringing orders in this will increase the quality of the data and model you create.
Organizations use KPIs to evaluate their success in reaching targets.
The question to you is: do you have all your goals, objectives, targets, and KPIs ready to enter?
No? No problem at all. Just give us a call and we'll help you.
Yes? Well, create a free trial account and start developing your new strategy. Monitor its execution by visualizing KPIs on the Dragon1 platform.
Over 100 organizations already have created a strategy map and have used it to make better strategic decisions. Are you next?
Business Strategy
A business strategy is a busy road to cross to achieve the desired goals and objectives. It is like long-term business planning. Planning strategy, like a business strategy, often covers about 5 years.
Four common steps in strategic planning are:
- 1. Settle a vision for your business
- 2. Define a mission
- 3. Set out objectives
- 4. Establish norms, values, goals, programs, and projects.
All these activities are supported on the platform. This enables you to create a business strategy you can think of.
Often a list of ten Business Priorities to direct and guide the business strategy planning is defined.
A list of trending business priorities is:
- 1. Modernizing the business model
- 2. Optimizing the operating model
- 3. Modernizing workforce skills
- 4. Centralization
- 5. Globalization
- 6. Focus on export
- 7. Business Process Outsourcing
- 8. Partnerships
- 9. Intellectual Property and Patenting
- 10. Innovation and Startups
IT Strategy
Technology strategy (information technology strategy or IT strategy) is the overall plan that consists of objective(s), principles, and tactics relating to the use of the technologies within a particular organization.
One can develop an IT strategy apart from the business strategy, but aligning these two will boost the competitiveness and adaptivity of the organization.
Like the strategy in business also the activities to develop an IT strategy are supported. This enables you to create an IT strategy you can think of.
It is common to define a list of ten IT priorities for IT strategic planning.
A list of trending IT priorities is:
- 1. Digital Transformation
- 2. Cyber Security
- 3. Robotics
- 4. Virtual Reality and Augmented Reality
- 5. 3d Printing
- 6. Business Intelligence
- 7. Smart Engines and Big Data
- 8. Cloud First and DevOps
- 9. Self Service
- 10. Create a digital ecosystem-ready organization
Strategic Planning Process
The process for strategic planning is a mixture of activities to plan your strategy, so you can execute it. To name a few: setting priorities, focusing energy and managing resources and operations, ensuring employees and stakeholders are working towards a common goal, establishing agreement around intended outcomes and results, and assessing and adjusting the direction of the organization in response to a changing ecosystem.
To make sure you balance all these activities. It is a best practice to use a framework or approach to do strategic planning.
Often strategic planning results in creating a strategic plan. A strategic plan is a document that contains the goals of the organization and the course of actions needed to achieve those goals plus all of the other critical elements that are developed during the planning exercise.
Kaplan and Norton
The most used diagram to communicate strategy is the Strategy Map of Kaplan and Norton.
The strategy map idea was featured in several books and articles during the late 1990s by Robert S. Kaplan and David P. Norton. Their original book in 1996 'The Balanced Scorecard, Translating strategy into action', contained diagrams that were later called strategy maps. Read more on Wikipedia about Strategy Map.
The strategy map is a diagram that is used to document the primary strategic goals being pursued by an organization or management team.
Dragon1 Trial Account
Dragon1 supports you in developing and doing strategic planning and creating a strategic plan. But not only a textual one. Also an effective visual one. By creating a blueprint showing the business processes and IT systems with each other and their interdependencies, you will see patterns and opportunities you otherwise would not see.
By using the platform, you will be able to make better decisions in strategic planning and have better-aligned processes and better-integrated systems.
Are you interested in developing your strategy & planning and want to be supported? Sign up today for your Trial Account.