Strategies, sometimes called strategic objectives or strategic imperatives, describe a desired future state on an aspect of performance that is critical to an organization's growth and success.
Strategies should:
operate on a pre-defined time scale,
connect to one or more business-critical key performance indicators, and
exist at all levels - enterprise, functional, and team.
It is important to define a set of strategies that connects to the enterprise goals and objectives in order to ensure that all decisions and activities advance the critical interest of the business
How are Strategies Managed in the Platform?
The EON Platform makes it easy to:
Deploy Strategic Objectives
Assign ownership to drive accountability
Generate strategy-specific risk profiles
Create action plans with ownership and due dates and linked to proactive email notifications.
Associate Key Performance Indicators (KPI's) and projects for full visibility into progress
Associate Strategies with organizational structure to ensure alignment
Why Manage Strategies Using the Platform?
The first, overarching reason to manage strategies through the EON platform is to ditch the inefficiencies of managing them through either PowerPoint or Excel.
Organizations also use the strategy management feature in EON for the following reasons:
Align strategies to broader business goals and objectives.
Connect strategies at the enterprise, functional, and team levels.
Track progress on strategies and take action if progress is slow.
Reinforce a culture of transparency and accountability.
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