Strategy map creation

What is meant by Strategy map creation?

The term "strategy map creation" refers to the process of visually representing a company's strategic objectives in a strategy map. A strategy map is a diagram that displays the key strategic goals of an organization and the interconnections between them. It is often used within the framework of the Balanced Scorecard and helps to clearly communicate strategy, monitor strategy execution, and visualize strategic priorities.

Typical software functions in the area of "strategy map creation":

1. Visual Diagram Creation: Creation of diagrams to represent strategic goals and their interconnections in a clear and understandable way.
2. Goal Hierarchy: Definition and visualization of the hierarchy of strategic goals and their sub-goals.
3. Goal Linking: Display of the connections and interactions between different strategic goals and KPIs.
4. Integration of KPIs: Incorporation of Key Performance Indicators (KPIs) to measure progress towards strategic goals.
5. Interactive Features: Interactive functions such as drill-down options and linked details to provide deeper insights into individual goals.
6. Reporting: Generation of reports and dashboards to display the strategy map and progress in strategy execution.
7. Customizable Templates: Provision of templates that can be adapted to the specific needs and strategy of the organization.
8. Collaboration Tools: Features for collaboration and feedback exchange within the team or organization to develop the strategy map further.

Examples of "strategy map creation":

1. Balanced Scorecard Strategy Map: A strategy map that integrates the four perspectives of the Balanced Scorecard – financial, customer, process, and learning and growth perspectives.
2. Strategic Goal Maps: Visual maps showing the main goals of an organization and their sub-goals as well as their interdependencies.
3. Growth Strategy Map: A map showing strategic goals related to business growth and the required actions and resources to achieve them.
4. Process Optimization Map: A strategy map focusing on business process optimization and illustrating how these processes are linked to overall business goals.
5. Digital Transformation Strategy Map: A map visualizing strategic goals related to digital transformation and the initiatives required to achieve those goals.