Strategy Map — How to Visualize and Reach Your Goals

A simple visualization that helps you embrace and share your strategic aims is a strategy map. This alignment will ultimately contribute to better engagement across all groups that you depend on to achieve your goals. In this article, we will discuss what a strategy map is, how to create one, what the benefits of using a strategy map are, as well as discuss how the HKMLC Smart Board can enhance your strategic mapping process.

What is a Strategy Map?

If a Balanced Scorecard is used to develop a strategy map, then a strategy map is a visual representation of all the critical objectives to be achieved by the organization to implement its overall strategy. It usually contains a number of goals that should be interconnected to understand how they fit into the larger picture. A strategy map allows teams to visualize all their strategic objectives and, consequently, prioritize action in relation to other strategic priorities.

How to Create a Strategy Map

Identify Your Strategic Objectives (That Constitutes the First Step in Creating a Strategy Map) This should be broken down into particular domains of company strategy (financial goals, customer goals, internal processes). Once you clarify your goals, systematize them into a visual framework in which they all connect. This strategic mapping process aids in ensuring that each goal is aligned with — and ultimately furthers — the overarching strategy.

Advantages of Using a Strategy Map

Tips on Strategy MapsBenefits of the Strategy Map:

· Clarity: A vision and strategic goals of your organization become explicit in a strategy map.

· Alignment: It ensures that every department and team is aligned to the same goals.

· Focus: The visualization of which goals need to be prioritized.

Best Practices for Developing and Using a Strategy Map

Good practices for developing and implementing a strategic map include:

· Get Specific: Have a specific and measurable goal for each goal on the strategy map.

· Involve Stakeholders: Collaborative efforts with significant team members during the development of your document will ensure alignment and buy-in.

· Keep it Updated: Adapt your strategic mapping perpetually to capture existing scenarios.

The HKMLC Smart Board & How It Improves Strategy Mapping

The HKMLC Smart Board is a fantastic device for enriching strategy mapping. This gives you the ability to create interactive strategic maps that are also visually stunning and can be updated in real time. Collaboration is also promoted on the board, as multiple users can work on it at once, making sure everyone is on the same page, running toward the same goal.

Level up your strategic mapping with HKMLC Smart Board for a more productive and interactive planning experience. Learn how the HKMLC Smart Board can transform your strategy planning here.