You may have heard that strategy mapping is a systematic, robust and trusted process for managing strategy throughout its entire lifecycle, but in my latest LinkedIn article, Six Secrets of Strategy Mapping, you can find out six things about strategy mapping that you may not know about.
- A strategy map is actually a logic diagram: it reveals how the component parts of the map (its strategic goals) interconnect logically.
- Strategy mapping enables strategy validation: it enables missing goals to be identified and surplus goals (the things you really don’t need to be doing) to be removed.
- Strategy mapping is part of the answer to the strategy adoption challenge: by delegating goals and linking them to the organisation’s ultimate purpose, everyone gets a genuine sense of ownership and involvement.
- Strategy mapping provides the glue to connect strategic goals with their measurement and risk assessment: strategy mapping’s networked approach to KPIs combines robust measurement with relevancy of what you measure. Failure Modes and Effects Analysis (FMEA) allows strategic risk assessment to be tackled systematically.
- The origins of strategy-mapping trace back over 80 years: strategy mapping has its roots in Value Engineering (1940s) and function analysis (1960s).
- A version of strategy mapping is at the heart of one of the world’s leading management frameworks: The Balanced Scorecard, provides a framework for measuring the success of strategy implementation.
Alternatively, see my previous LinkedIn articles on Turning Strategy into a Manageable Process with Strategy Mapping and Four Benefits of Strategy Mapping, or find out more about our services to facilitate your in-house management of strategy across the entire strategy lifecycle.