The CEO’s guide: How to Develop a Strategic Roadmap to Success

Determining the company’s mission and objectives

This is the first and very important stage in the planning process. As CEO, you are the one to state the company’s mission, which is its business vision. This includes company values, its purpose, and forward-looking goals that guide the pursuit of future opportunities.

Guided by the business vision, you together with the board of directors can define measurable objectives such as sales targets, earnings growth, the company’s business position, market share, and the organization’s reputation.

Environmental analysis of your business

At this stage, the company’s strengths, weaknesses, and opportunities are to be identified. With the help of analytical tools, like PEST analysis, Porter's 5 forces, SWOT analysis, Growth-share matrix, Scenario Planning, etc., you’ll need to perform industry analysis find out where your competitors are, evaluate entry barriers, and customers.

Strategic options generating

This one is usually the most complicated step. You are to develop several different strategic options that might be available to the organization according to your analysis. It is very time-consuming and involves the participation of all C-level managers or the board of directors.

One of the common planning mistakes of this process is that options are often not brought to the table because somebody believes they won’t work. You should convince the leadership team to articulate the ideas and the logic behind a particular strategic option rather than moving directly into an evaluation stage.

You should be able to describe in one or two pages what is the strategic intent, wherein the value chain you propose to play, what choice of products or services should be sold at what prices, and where to sell them in order to maximize value for the organization.

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Developing a roadmap for the company’s strategic planning

Before you start developing a roadmap, you or someone in charge will have to conduct serious financial analysis, along with tools for sensitive analysis and scenario planning. You will have to spend some time with your team to differentiate between various decisions, scenarios, and options.

When the strategic options have been elaborated, you can put together the plan for the approval of decision-makers. Though it might be not the final one and may involve a couple of rounds of iteration before it is finalized. This plan will be your roadmap for where the organization aspires to be in a couple of years. Don’t consider your plan as a “to-do” list with loads of activities and timelines and individual names, who are responsible for various activities. First, you need to have an agreed-upon plan. This is what Roadmap Planner can help you with.

Roadmap Planner is a Goals strategic communication tool. It lets you create a plan in a few quick steps and show it off to your team, board of directors, and stakeholders.

Strategy implementation in your organization

Implementation of the chosen strategy involves organizing the company’s resources and staff motivation in order to achieve objectives. The way in which it is implemented and executed will guarantee its success or failure.

Oftentimes, those who implement the strategy in the organization are not the same people who build it. You must take special care to communicate the strategy and the reasoning behind it to your employees. Otherwise, the strategy might be misunderstood or lower-level managers will resist its implementation because they do not understand why the particular strategy was selected.

Evaluation and control processes

It’s not over. It’s never over. To ensure your strategic plan performs as designed, you must regularly review and evaluate the process. Refine it as necessary, and make changes if something doesn’t go as intended.

Final words

The implementation of this guide on how to create a strategic planning roadmap for your organization might not seem like an easy task. And it really isn’t. But if you follow these steps, you will finally lead your business to success. Putting together a strategic roadmap plan will optimize your business processes, improve your workflow, and help you to achieve your goals.