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Strategy Execution Software: 8 Reasons It May Be The Missing Piece Of Your Strategy Puzzle

Strategic planning is tough—but strategy execution software could be the solution you’ve been searching for.

Co-Founder & Alabama Native

 

You just spent a lot of time and money on developing or revising your strategy. You may have paid a consultant anywhere from $5,000 to $500,000 depending on the size of your organization and the effort that was put in. You have a set of goals, some measures that will demonstrate success, and a list of all of the great projects or actions you will undertake over the next five years. There are many processes available you can go through to tackle your strategic plan, but you’re starting to realize the sheer number of things that need to get done in order to accomplish your strategy.

So the big question is, where do you go from here? How do you get started with strategy execution?

You can learn more about ClearPoint here. No obligations. (Really.)

The next step is finding a strategy execution software, a tool that allows you to manage projects and measure performance and progress. It also allows you to link everything back nicely to that big, pretty strategic plan you just created. It even allows you to keep all interested parties up-to-date with pertinent information.

Strategy execution isn’t a simple process—but it’s one we at ClearPoint have mastered. Take a look at the top eight things that get in the way of strategy execution and how strategy execution software can help you alleviate these roadblocks.

Strategy Execution Software: 8 Reasons It May Be The Missing Piece Of Your Strategy Puzzle

1. It allows you to visualize your plan.

One of the big challenges of a strategic plan is that not everyone understands the plan or even knows what it is. Being able to visualize your strategic plan is very important, as it allows everyone to get on the same page.

Excellent strategy execution software helps you take the elements of your Balanced Scorecard—the actions, strategies, and goals—and structure them in a way that fits your company, not in a way that fits their software. If the software is too rigid and forces you to visualize your plan according to their format, look elsewhere.

2. It drives accountability.

You might be responsible for the overall strategic plan, but you can’t execute your organization’s plan on your own. You need to involve other people, from individuals in other departments to the management team. Strategy execution software can be extremely helpful in this process by allowing you to assign ownership and accountability—great software also provides views where people can see only what they’re responsible for or how the things they’re responsible for link to the rest of the strategy.

This is all possible in ClearPoint, which also allows you to send reminders and create reports based on what each user and department needs.

3. It makes collecting data easy.

One of the hardest things about reporting on your strategic plan is collecting data. This can be a challenge, because you typically need to get it from a variety of sources—and ensuring that it’s all up-to-date can cause quite a headache. Software that can integrate with multiple data sources is hugely helpful.

ClearPoint makes this simple with Data Loader, which easily links to spreadsheets, CSV files, and databases and can be set to load automatically on whatever schedule you choose.

4. It allows you to update all your projects in the same place.

Of course you need updates on your measures, but you also need updates on your projects, which tend to be very different data-wise. Depending on the size of the project (e.g., if you have a lot of different project managers), there may be a large number of updates that need to take place regularly. This can make version control messy—but software can help.

In ClearPoint, you can dish the responsibility of project updates to the project owners, which alleviates this version control nightmare. Additionally, you can easily link your projects to your measures to better understand how they’re affecting one another.

5. It helps you create professional reports.

Professional reports—sometimes called “briefing books”—are documents for your leadership team. You may currently be creating these in PowerPoint (after grabbing information for them from Excel). The problem is, this system is likely very time-consuming.

With ClearPoint’s strategy execution software, you can customize professional reports easily and quickly both online and offline. Furthermore, these reports are automatically formatted to match your company’s branding, which is great for impressing key stakeholders.

6. It gives you a place to track your action items and meeting notes.

During strategy review meetings, you’re constantly discussing, making decisions, and creating tasks for various people—but these things are rarely followed up on. Consider this: If you meet either quarterly or monthly about your strategy for five years, you’re meeting between 20 and 60 times. Even if only 10 action items come of each meeting, not following through on them could mean 200-600 strategic actions down the drain! Thus, tracking your action items is a critical part of strategic execution—and it’s one software can help with. For example, most strategic execution software allows you to determine accountability, link action items to projects, goals, and measures, and follow up with the appropriate person when the need arises. This is a much more efficient way to manage than dancing between multiple pieces of software and wondering who’s handling what.

7. It links operations to strategy.

You’re putting a lot of time and effort into your strategic plan, but you also have important operational tasks to handle. The higher the priority they are, the more likely they’ll need to be discussed in both your operations meeting and your strategy meeting.

But are you able to be certain that you’re working with the same piece of information in both places? This is something that strategy execution software enables!

You can use ClearPoint to track both your operations and strategy, or you can use the ClearPoint API to allow communication between the two systems.

8. It allows you to communicate your results.

If you’re a government or nonprofit organization, putting the results of your professional reports online allows your citizens or stakeholders to see your performance and gain trust.

This is simple with ClearPoint—you simply push the information live directly from the online software, so you get what you want, when you want it.

Getting Started With Strategy Execution Software

After you’ve invested a great deal of time and energy in your strategic plan, you have two options: ignore the strategic plan and hope that you can execute it using standard operating procedures or invest time, energy, and processes in managing your strategic plan. If you choose the latter option, software will help you make the most of your strategic plan with the least expense to your company.

Nine out of 10 organizations fail to meet their strategy. Wouldn’t it be great to be part of the 10% that actually follows through with their strategic plan? We think so. That’s why we created ClearPoint. More than 150 organizations trust ClearPoint to take their organization to the next level—and we want you to experience it for yourself with a no-strings-attached demo. Our strategy execution expert will give you a quick tour of ClearPoint. If it's a match, we'll set you up with a free trial or demo. 

Strategy Execution Software: 8 Reasons It May Be The Missing Piece Of Your Strategy Puzzle
 

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