Strategic plans are used by organizations to establish their objectives and how they plan to accomplish them. It might be beneficial to create a simple strategy rather than one that is excessively complicated or lengthy. This can increase operational efficiency and assist everyone in a company in understanding the planned course of action.
In this blog, we will describe a one-page strategic plan, explain the advantages of utilizing one, and show you how to create one.
What is a One-page strategic plan?
A one-page strategic plan is a basic yet effective organizational planning tool. It gives a simple means of communicating your organization’s action-driven strategy goal and vision to all employees. This ensures that everyone understands what the group aims to accomplish.
A one-page strategic plan provides a concise summary of the company’s intentions. It can serve as an effective depiction of a company’s motivations and ideals. It may assist individuals in remaining engaged with their job, promoting overall corporate development, and assisting an organization in effectively leveraging opportunities.
What are the Benefits of Creating a One-page Strategic Plan?
Have a look at the benefits of creating and using a one-page strategic plan:
1. Provides a common goal to the employees
A one-page strategic plan describes the goals of a company. Employees will have clear shared objectives and a grasp of the organization’s vision as a result of this.
This may assist workers in keeping focused on the company’s objectives and ensuring that each employee’s work matches the goals, purpose, and values of the organization.
2. Simplifies complicated business plans
One-page strategy plans are often simple. They feature simple explanations and directions that are often devoid of complicated words or business jargon. This creates a common understanding among all workers within the organization.
3. Encourages accountability
A one-page strategic plan promotes responsibility throughout the company. Each activity or assignment is assigned to a certain individual. This ensures that everyone knows their role and fulfills their responsibilities.
4. Boosts employee engagement
One-page strategy plans delegate authority to particular staff. Each person has a distinct function and a clear awareness of their objectives and responsibilities. This may make an employee feel more accountable for the company’s success, strengthening their bond with the firm and enhancing their engagement.
Steps To Create a One-page Strategic Plan
A one-page strategic plan is divided into parts that correspond to the planned activities of a business. Most companies organize their plans into columns, with each column focusing on a particular component of the plan. You can create a one-page strategic plan by following these steps:
1. Build a foundation
Begin your one-page strategic plan by identifying your organization’s basis. This contains your organization’s purpose, values, and vision. The mission of your organization is its reason for being. This might be related to its current tasks, and it often depends on an emotional connection to why your company exists.
The values of a corporation are also an important aspect of its foundation. These are the aspects that it regards as significant, and they often dictate how a company operates. Values influence the limits or criteria that your organization utilizes to make choices.
2. Illustrate your competitive advantages
Conduct a competitive study to identify your competitive advantages. Define how you differ from your competition and how you can succeed. Consider identifying your target market as well. Include information about the market in which you operate.
3. List your goals
List briefly the objectives that your company aims to attain. You can specify short-term and long-term objectives, as well as assign deadlines to them. In bulleted style, you can state your long-term strategic objectives as well as precise short-term activities that your company can take to achieve your intended goals more quickly.
4. Define your KPIs
Define your strategy’s key performance indicators or KPIs. KPIs help determines your strategy’s potential success since they give quantitative confirmation of the plan you execute.
When you design a KPI, you may include precise, quantifiable indicators to track the success of your objectives. You can estimate what measures you anticipate creating before you perform your planned activities if you have relevant data to back up your predictions.
5. Choose your implementation model
Determine the methodology for implementing your one-page strategic strategy. This involves how the plan is allocated, implemented, and evaluated. This ensures that your strategy is properly understood and implemented. The implementation model describes the assignment of duties.
This involves defining who in an organization is in charge of which tasks. Each activity is given an owner, who is given specific instructions and clear expectations.
This stage also involves establishing a strategy review cadence. As you arrange strategy reviews, you can define the frequency and manner for reviewing the strategy and its effectiveness. This might assist you in determining the improvements that may be required to attain increased productivity.
6. Mention your strengths, weaknesses, and opportunities
Include in your strategy your company’s capabilities, shortcomings, and trends. Define the top three advantages and drawbacks of the company. Highlight particular industry and organizational trends. Determine how these trends may impact your strategy.
7. Communicate the plan
Communicate your strategy to your company and ensure that everyone in the organization understands your one-page strategic plan. Consider providing copies of your plan at the plan’s first introduction.
Use the short one-page paper as an executive overview of what you aim to accomplish, and thoroughly evaluate and explain each part. Offer to go through the strategy in further depth with anybody in your company who asks for it.
Leverage free PowerPoint templates to communicate your one-page strategic plan with your team in the most effective manner!
8. Include your plan in strategy reviews
Throughout the year, continue to use your one-page strategic plan. Distribute copies during strategy review meetings held monthly, quarterly, and annually. Use the plan to help you evaluate and improve your approach.
In addition, if you included time-sensitive action items in your plan, utilize strategy review meetings to update these action items. Distribute additional copies of your modified one-page strategic plan as needed.
Wrapping It Up
SlideUpLift has created efficient Google Slides templates to match your one-page strategic plan horizontally and vertically, offering a logical framework to structure your strategic vision and ensuring you have all the elements to complete it. The one-page strategic plan’s physical layout encourages prioritizing and simplicity. Because there isn’t much room to write, you must be brief.