How Does Strategy Execution Software Work?
Strategy Execution Software is often described as “a place to easily create and share company values and goals, as well as track key performance indicators necessary to accomplishing those goals” (G2).
Think of it as bringing your dusty binder or spreadsheet to life, transforming your strategy into a living, breathing plan with real-time updates! No more last-minute scrambling at the end of a quarter to gather updates from multiple sources, applications, and documents.
More than 70% of today’s businesses would fail within three weeks if they suffered a catastrophic loss of paper-based records due to fire or flood. –Gartner
Likely every department tracks and reports in different formats essentially creating silos of data and information. Strategy Execution Software breaks down those silos through real-time updates and notifications. It keeps employees on track and working towards what is important through reminders and required status updates. It helps create a culture of strategy execution!
8 Things You Should Look For in Strategy Execution Software…
When looking for a Strategy Execution Software, you want to consider the following:
Power of Dashboards and Visualizations
Make sure your Strategy Execution Software has easy-to-use data visualizations, showing the health of business strategies, goals, and objectives. At MPOWR Envision, we call this our Strategy Map or Sunburst view.