What are Strategy Maps?
Strategy maps are visual diagrams that show the cause-and-effect relationships between an organization's objectives, internal and external factors, and the actions it plans to take to achieve its objectives. They are used to communicate and align an organization's strategy across all levels of the organization, from top management to front-line employees.
A strategy map typically consists of a series of boxes or bubbles that represent the different elements of an organization's strategy. These elements may include objectives, key performance indicators (KPIs), internal processes, customer groups, and learning and growth. Arrows connecting the boxes show the causal relationships between these elements, illustrating how the organization will achieve its objectives through specific actions and initiatives.
Strategy maps can be used to communicate the strategy of a business, nonprofit, or government agency, and they can be tailored to fit the specific needs of the organization. They are often used in conjunction with balanced scorecards, which are management tools that help organizations track and measure progress towards their strategic objectives.
Overall, strategy maps are useful for aligning an organization's resources and efforts towards a common goal and for communicating the strategy in a clear and visual way.