The Mindmap is a visualization technique to graphically establish connections between several ideas or pieces of information. MindMap enables the visual representation of an organization’s strategic plans, decomposition, and current status. It helps internal and external users to establish traceability across strategic initiatives, assess progress against set goals, and objectives making everyone in the organization realize their role and how their efforts impact the overall strategy or vis-a-versa.
The central premise of using a MindMap is to component or decomposition the organization’s drivers, goals, objectives, and projects. Organization drivers are constantly shaped by and influenced by the external and internal forces; the external drivers include markets, competition, taxes, regulations, technology, and customer needs, and the internal drivers may include mission, people, technology, training, policies, and profit.
Goals are the specific financial and non-financial objectives an organization intends to achieve over a specific period. The time frame for Goals can span from three to five years, but it depends on organization preference. Objectives are sometimes used interchangeably with goals, but objectives usually refer to specific targets for which measurable results can be obtained over the timeframe allocated under the aligned Goal. A project consists of interrelated activities with a beginning and an end that uses limited resources to achieve an objective.
Core-Strategy users can build organization strategy and align with driver, goals, and objectives. Strategy Map helps to visually depict the aligned drivers, goals and objectives/ projects relationships and real-time status. Role-based Strategy Map views help articulate management’s thinking and how it can bring managers about a change.
Often organizations build their strategic plans by incorporating “best practices.” These practices are generally created by assuming that the external environment is predictable. On the other hand, a strategic thinker will always be receptive to nuances and relationships between different parameters. Therefore, a needs to understand and diagnose the amplitude of a situation, which can be simple, complicated, or complex depending on internal and external influences.
Advantages of MindMap
There are numerous advantages of using a MindMap to establish or view the status of various initiatives across the organization. It brings eternal and internal stakeholders such as management and employees on the same page as leadership. It enhances communication and automates accountability and reporting laterally and horizontally across the organization. It discourages the siloed thinking and act alone attitudes and promotes success against the organization’s goals. The real-time status reporting means no more PowerPoints slide decks, emails trails, stale data reporting or reporting data in future meetings.
Core-Strategy is an enterprise grade strategy management tool for modern enterprises. It helps organizations to formulate, plan, implement and evaluate progress of driver, goals and objectives. Providing evidence-based decision management capability to senior leadership. Sign up for a no-obligation trial toda
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