MPOWR Envision, a user-friendly, cloud-based software solution, gives business leaders easy access to real-time information and the ability to create actionable goals on a shared electronic platform. Tools like high-powered Dashboards, Key Performance Indicators and Action Plans allow your organization to focus on the business metrics that are most important. Communication and transparency across the plan allows the team to pull in one direction, ensuring organizational alignment and the realization of real strategic goals. This is how you See Execution HappenSM.
The environment begins at the top with your mission, vision, values and continues with the goals, action plans, success factors, and data that cascade down through the organization.
- Mission is the purpose of your organization and the people that you serve. Succinctly put, it answers the question, “What is good for whom?” It rarely changes and is a constant reminder of what you do.
- Vision is where you want to take your organization in the future – either specifically defined or more generally stated. It answers the question, “What will our future look like 2, 3, 4 years down the road?” It changes frequently as you achieve your vision and you create a new one.
- Values are statements of your non-negotiables. They are the fundamental building blocks of culture and play a part in every decision you make. They can be a list of one word adjectives or a description of the things on which the organization will not compromise.
There are six layers of hierarchy available to you in the Envision platform:
- Segments: Segments hold the main stakeholder areas within your Strategic Plan. For example, departments within your organization, such as Human Resources and Marketing or functional competencies that cross departments, such as Quality, Delivery, Customer Support. You choose the segments that are most appropriate for you.
- Strategies: Strategies are high-level initiatives Strategic Plan. Within a Strategy you can have multiple Objectives, Tactics, and Action Items.
- Objectives: Objectives state the end goal that your strategy seeks to achieve. Use an Objective if you have Tactics or Action Items associated with it that will fall underneath this Objective’s umbrella. If you choose to only utilize Tactics/Action Items, you will be unable to create Objectives.
- Tactics/Action Items: Tactics and/or Action Items are the specific weekly, monthly or quarterly tasks that team members must complete to achieve your objectives or tactics if you have only one level of action items. Action Items are the final level within a Strategic Plan.
- Key Performance Indicators (KPIs): Key Performance Indicators are the metrics for your Strategic Plan. Time-based KPIs can be graphed according to numeric, percentage, or currency-based goals, with color-coded (green-yellow-red) performance thresholds and target values, allowing for both progress monitoring and trend analysis. Having measurable goals that can be linked to strategies and action plans across departments allows for transparent communication and proactive pursuit of strategies, enabling execution.
- Critical Success Factors: Critical Success Factors are the things you MUST get right for your organization to be successful. They are not necessarily a level in your Strategic Plan cascade, but are still connected through multiple layers of the plan. Critical Success Factors should be agreed upon by all on the team.
This is a visual representation of a Strategic Plan: