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Strategic planning software is a tool that helps organizations identify and define short- and long-term goals and priorities. It helps users choose different paths to reach their desired goals and measure their progress. It also helps them gather and track information all in one place, from the formulation to the execution stage.
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Without a properly calibrated strategy, your business will suffer. However, with proper strategic planning, your business can create a clearly visible roadmap, which increases productivity, profitability, and sustainability.
While it sounds great in theory, strategic planning can be quite challenging in reality. For instance, if you develop a business strategy but some employees don't have a clear picture of it, or you get so consumed by processes that the company's objective is eclipsed. To avoid these pitfalls, there are strategic planning solutions available on the market that can help you sail smoothly.
This Buyers Guide details the considerations you need to take before making a purchase decision.
Here's what we'll cover:
What is strategic planning software?
Common features of strategic planning software
What type of buyer are you?
Benefits of strategic planning software
Key considerations
Strategic planning software is a tool that helps organizations identify and define short- and long-term goals and priorities. It helps users choose different paths to reach their desired goals and measure their progress. It also helps them gather and track information all in one place, from the formulation to the execution stage.
Overall, the software provides users the ability to create a detailed and transparent action plan for an organization's growth and helps users make more informed decisions.
Strategic planning process in Aha! Software (Source)
Different vendors offer different features in their strategic planning software solutions. Selecting the right option for your business is easier when you know what common features to look for and what they can help you accomplish.
Strategy map |
Create templates and customized terminologies, rules, and relationships for various elements in a business strategy. |
Strategic frameworks |
Create and implement strategic frameworks or implement pre-existing commonly used frameworks such as balanced scorecard (BSC), objectives and key results (OKR), and theory of change (TOC). |
Custom Fields |
Add custom fields, such as parameters or formulas, to strategic planning elements. |
Milestones |
Break projects and KPIs into milestones for easier management and reporting. |
User management |
Add users or team members to the strategy planning and execution process. |
Notifications |
Share plans and updates with team members via email, or be notified when other users add new goals or update a plan. |
To further understand these features and learn about strategic planning software vendors, call our advisors at 855-998-8505 for free, no-obligation help. They'll help you narrow down your options by listening to your requirements and recommending the best-suited solutions for your business.
Before you start evaluating strategic planning software options, you'll want to know what buyer category you belong to. Most buyers will fall into one of the below categories:
While some of the benefits of strategic planning software may be clear from our discussion above, we've called out the most notable ones below:
Here are some important questions to consider before you purchase strategic planning software:
Note: The applications selected in this article are examples to show a feature in context and are not intended as endorsements or recommendations. They have been obtained from sources believed to be reliable at the time of publication.