Executive summary
The Quantumrun Foresight Platform (QFP or Platform) features a Strategy Planner project interface that can guide and partially automate your team’s long-range strategy prioritization and strategy formation process in a way that incorporates a comprehensive range of emerging trends.
Challenge to solve
78% of the companies we surveyed failed to effectively incorporate emerging trends into their strategic planning initiatives. As a result, these companies faced increased exposure to risk from outside disruption and lost revenue due to missed market opportunities.
Solution
Use our platform’s Strategy Planner project interface to decide what trends to integrate into your near, medium, and long-term strategic planning objectives.
Applying the Strategy Planner in your strategy development workflow
Depending on your organization’s goals, there are a variety of strategic planning models your organization can follow to achieve its business goals. On the whole, these strategic planning models generally align with the following stages:
Standard strategy planning process
Platform integration with the strategy planning process
Based on the simplified outline above, the QFP can facilitate elements of this planning process in the following ways:
- What are your organization’s goals or objectives?
- What is the vision it is trying to pursue?
- What are the issues or challenges it is trying to solve?
- What are the organization’s strengths and the resources at its disposal? SWOT, financial review, etc.
- What is the current state of the environment in which the organization operates, in all contexts?
- What are the potential future states of the environment in which the organization operates, in all contexts?
- What information/data does the organization need to know to make informed decisions about its future operations and goals?
- Of the insights collected in the previous phase, how should they be prioritized in terms of impact to the organization?
- Of the insights collected in the previous phase, how should they be prioritized in terms of urgency to the organization? Which insights should be planned for immediately, in the medium-term and the long-term?
- Brainstorm actions that can be implemented to address the opportunities and challenges that the organization prioritizes.
- Secure input and approval from the necessary stakeholders on the actions to implement.
- Approve an actionable strategic roadmap for the organization or individual initiatives.
- Assign responsibility for the execution of individual elements of the approved strategy.
- Apply organizational resources to the strategy’s execution.
- Decide what metrics will be used to measure the progress and success of approved actions against stated objectives.
- Build management and communication systems to facilitate the execution of various elements of the strategy.
- Initiate early, real-world tests and use the findings to continually refine or iterate elements of the strategy’s execution.
- Schedule periodic dates to reassess the overall strategy.
How to use the Strategy Planner
To learn about the various features of the Strategy Planner project interface, please click here.
To learn tips and tactics about how to effectively use the Strategy Planner project interface, please click here.
Learn more
To learn more about the methodology behind the Strategy Planner project interface or start your free trial of the platform, please contact a Quantumrun Foresight representative at Platform@Quantumrun.com
