Transform high-level objectives into actionable sub-strategies
Ensure that the strategy is cascaded across every level of the organization in a controlled manner
For corporate strategies to succeed, the direction established by senior
management must be properly communicated to business units, departments, teams,
and execution activities.
Minerva Strategy Management enables strategies to be created within an interconnected,
multi-level structure. A strategy can be defined as the parent or subordinate
level of another strategy. This makes it possible to establish a seamless strategy
architecture extending from corporate strategy to functional strategies
and concrete execution activities.
Strategy components can be created at different levels according to organizational needs.
High-level strategic direction is divided into more manageable and actionable
subcomponents and cascaded across the organization.
Strategy:
Defines the organization’s primary direction and long-term approach in a specific area.
Objective:
Represents the clear and focused outcome expected to be achieved within the scope of the strategy.
Initiative:
Defines a significant program or group of activities to be launched in order to achieve the objective.
Action:
Specifies the concrete task or step to be performed in order to implement the initiatives.
Information such as code, name, level, type, sequence, status, start date, and end
date can be defined for each component. This structure provides a clear view of the
sub-activities into which the strategy has been divided and the current stage of each activity.
Define organizational responsibility
Each strategy can be associated with the relevant strategy management organization.
This establishes corporate ownership of the strategy and enables strategies managed
by different organizations to be monitored within a centralized system.
This approach reduces uncertainty between strategic objectives and organizational
responsibility. Management can more easily assess which organization is responsible
for each strategy and which activities support it.
Steps for creating a strategy
Define the subject, code, name, and scope of the strategy.
Select the appropriate strategy framework for the strategy.
Define the start and end dates and the strategy status.
If the strategy is linked to a parent strategy, establish the relationship.
Define the management organization responsible for the strategy.
Prepare the strategy content using the framework components.
Break down the strategy into objective, initiative, and action levels.
Create tasks, activities, risks, and related management records.
Monitor the execution process through statuses and dates.
Strengthen strategic alignment
Align departmental activities with corporate objectives.
Show which parent strategy is supported by each lower-level activity.
Identify conflicting or duplicated initiatives more easily.
Ensure that strategic priorities are cascaded across the organization clearly and systematically.
Establish a common strategy language across management levels.
Break down major objectives into manageable components and see which
strategic purpose is supported by every action.
System Applications
A strategy is a method or plan selected to achieve an intended future state, such as accomplishing an objective or resolving a problem.
Strategic Planning is the process of defining an organization’s strategy or direction and making decisions regarding the allocation of its resources in order to pursue that strategy.
You can begin creating a new strategy by clicking the "New" button.
Defining the Parent Strategy
If you want the strategy to be hierarchically dependent on an existing strategy, you can select the existing strategy as the "Parent Strategy" from the window.
In the "Strategy Schedule Information" section, you must define the strategy’s Start Date and End Date.
After creating a new strategy (after saving the "New Strategy" screen), the default strategy Status is displayed as "Proposed." You can change it if necessary.
Strategy Status
You can select one of the following statuses from the drop-down list.