Strategic Plan Example
You can take many approaches to achieve your goal, multiple strategies to fulfil your objectives and many tactics to implement your strategy. Let’s connect these together into a similar example. The broader business goal might be to increase retention rates of a software platform. The customer success department might do that by building a community that shares useful tips on using that platform better and increasing the perceived value of the product.
- The community goal is to increase customer retention rates.
- The objective is to get members to share their best tips on using the product.
- The strategy might, in turn, be to turn those that share the best tips into stars that others feel jealous of and want to emulate.
- The tactics can include regular interviews with the top members, webinars featuring stars, inviting these stars to speak at events, or flying them to the headquarters for specific access and previews.
- Then, our action plan will identify the costs involved in doing these interviews and activities. It might identify who is best suited to do them, when they can be undertaken, and steps required to execute them extremely well.
Notice above how everything fits together. Also, notice how the strategy works. By devoting the majority of our resources to create stars and amplify the sense of jealousy (or admiration), we are taking resources away from other areas and other members. This means you face the risk that this will fail and other areas might be a better use for those resources.
In the next few chapters, you’re going to learn more about the community goals, objectives and types of strategy you might choose.