Create a Strategy

NOTE: This is a new product that is currently undergoing testing. 

Overview

Congrats! You’re ready to set a long-range strategy. You may want to drive business unit, product, and/or go-to-market outcomes across the organization, or unlock ambition and create ownership across the company. Regardless of the strategy you’d like to set, the importance of connecting the company’s long-term vision to near-term measurable outcomes is clear. 

Create a Strategy

  1. Navigate to https://strategy.myworkboard.com/
  2. If you haven’t set a Strategy yet, click Set your first Strategy. If you’ve already set a Strategy, click on Set new strategy. 
  3. Fill out the fields
    Strategy name: Create a name for your Strategy
    Time horizon: Select either a pre-selected fiscal year compilation ranging from 2-5 years, or select a custom date range
    Strategy type: Choose a Strategy type from the dropdown that most closely aligns to your vision
    Iteration cadence: Select whether you’d like to iterate on your Strategy Annual, Biannual, Quarterly, or Monthly
  4. Select Get Started
  5. (Optional) To quickly add more context to your strategy, click Add additional details 
    1. (Optional) Search and select the strategy or strategies you’d like to link to your strategy
    2. Click Next
    3. (Optional) Search for and select people you’d like to add to your strategy
    4. Click Next
    5. (Optional) Add strategy narrative by clicking Add narrative and then clicking Start strategy or click Skip for now 

Add Strategy Pillars

When creating a pillar, ask the question: What would be true for our team to achieve our strategic vision?

  1. Click the blue button Add pillar
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  2. Enter your Pillar name
  3. Choose Add narrative to add commentary supporting your pillar
  4. Select Add

Pillar Outcomes

The outcomes are the resulting business results if the Strategy is achieved.

  1. Click Add outcome
  2. Describe your outcome
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  3. To add other supporting details to your outcome, click Advanced details
    Outcome: Name of outcome
    Target completion: Target date of meeting outcome
    Target value: The measured target value depending on selected unit of measurement
    Unit of measurement: Select unit measured between Count as percentage, Count as number, Count as currency
    Who will measure progress?: Assign the outcome to appropriate owner
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  4. (Optional) To connect existing Key Results to the outcome, click Link key results
  5. (Optional) Search for and select key results to link to the outcome
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  6. (Optional): Select the check box to include closed objectives. 
  7. (Optional): Choose Link
  8. Click Add

Pillar Assumptions

Assumptions are what must be true in order for the team to achieve the Strategy.

  1. Click Add assumption
  2. Describe your assumption
  3. To add other supporting details to your assumption, click Advanced details
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    Assumption: Name of assumption
    Time horizon: Date by which assumption validity will be addressed
    Who will evaluate validity?: Assign user who will be responsible for evaluating validity
  4. (Optional) To connect existing Key Results to the assumption, click Link key results
  5. (Optional) Search for and select key results to link to the assumption 
  6. (Optional) Choose Link
  7. Click Add

Pillar Investment Plans

Investment plans are the areas that the team must dedicate funding, resources, or time to be setup for success in achieving the strategy.

  1. Click Add investment target
  2. Describe your investment target
  3. To add other supporting details to your assumption, click Advanced details
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    Investment target: Described investment target
    Target value: The measured target value depending on selected unit of measurement
    Unit of measurement: Select unit measured between Count as percentage, Count as number, Count as currency
    Who will track investment?: Assign the outcome to appropriate owner
  4. (Optional) To connect existing Key Results to the assumption, click Link key results
  5. (Optional) Search for and select key results to link to the assumption 
  6. (Optional) Choose Link
  7. (Optional) To link or upload an existing plan, click Link or upload existing plan
  8. (Optional) Paste a URL and name plan or Upload file
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  9. Click Add

Pillar Risks

Risks are potential blockers that prevent the strategy from being realized to its full extent. 

  1. Click Add risk
  2. Title your risk
  3. To add other supporting details to your risk, click Advanced details
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    Risk: Title risk
    Narrative: Further description and explanation of risk 
  4. Click Add

Pillar Linked Objectives

Linked Objectives capture the shorter term OKRs that are influenced by and drive the execution fo this longer range strategy. 

  1. Click Link Objectives
  2. Search for and select objectives you’d like to link
    (Optional): Select the check box to include closed objectives. 
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  3. Click Link

Pillar Attachments

Attachments are any work products or artifacts that are related to your strategy. 

  1. Click Add attachment
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  2. To add an external link paste the URL and name the link
  3. To upload a file, click Or Upload File and add a document from your computer
  4. Click Done
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