Create the right management framework for every strategy
Standardize strategy development methodologies tailored to your organization
Successful businesses do not assume that things will naturally work out over time. Instead, business owners and management work to establish long-term objectives by envisioning where they want their organization to be and how they will get there. A Strategy Framework provides structure for this type of long-term planning by focusing on the “Components” described below.
Every organization has a different approach to strategy development based on its
field of operation, management model, and corporate culture. Therefore, an effective
strategy management solution should not merely provide a fixed methodology; it should
also enable the organization to model its own strategic approach.
Minerva Strategy Management enables you to create multiple
strategy frameworks for different purposes. Each framework
can be defined with its own code, name, status, start date, end date,
and descriptions.
Your organization may adopt traditional strategic planning methodologies,
objective-oriented management approaches, models such as the Balanced Scorecard
or OKRs, or a methodology developed specifically for its own needs. Minerva’s flexible
framework structure enables the organization to define its preferred approach and
transform it into a standardized implementation model.
Strategy framework components
Each strategy framework can consist of corporate components that must be addressed
and documented during the strategy development process.
The scope, sequence, and use of these components can be configured according to
the framework being created.
Historical Background:
Document the developments that explain how the organization or the subject
of the strategy reached its current position.
Mission:
Define the organization’s purpose, primary responsibilities, and the value it delivers.
Vision:
Describe the position the organization aims to achieve in the future and its long-term direction.
Core Values:
Establish the principles that guide decisions, behaviors, and corporate culture.
Customers and Stakeholders:
Identify the parties affected by the strategy or those that influence its success.
Customer Value Proposition:
Define the differentiated value that the organization delivers to its customers.
Strategic Goal:
Clearly express the primary outcome that the strategy is intended to achieve.
A repeatable and consistent strategy development process
A defined strategy framework allows the same approach to be reused across
different companies, organizations, business units, or strategic subjects.
This eliminates the need to recreate the methodology for every new strategy;
instead, the strategy development standard adopted by the organization is applied.
A common terminology is established across strategy initiatives.
Missing or overlooked strategy components are prevented.
Structural consistency is maintained across different strategies.
Corporate strategy development knowledge becomes independent of individuals.
Strategy preparation processes are carried out more quickly and with greater control.
Transfer your organization’s strategic management methodology into the system
and apply the same corporate standard to every strategy.
System Applications
Under the "Strategy Frameworks" menu, you can create strategy frameworks and add components to them.
You can begin creating a new strategy framework by clicking the "New" button.
You can also define a Start Date and an End Date for the framework.
Defining Associated Companies
You can define the companies associated with the framework in the "Associated Companies" section by selecting the relevant Companies checkboxes.
After saving the screen, the selected companies will be displayed under the "Companies" tab on the "Strategy Framework Information" screen.
Entering a Detailed Record Description
Under the "Description" tab, you can enter a detailed description of the strategy framework.
Viewing Strategies That Use This Framework
After selecting a strategy framework for a Strategy, the strategy "Code" and "Name" will be displayed under the "Strategies" tab.
Adding Components to a Framework
After completing the strategy framework creation process, you can click the "Components" button for the relevant framework on the "Strategy Frameworks" screen.
After clicking the "New" button, the "New Record Options" will be displayed below the listed components.
You can begin adding these components to a framework by clicking the relevant option, and you can enter a description for each component under the tab bearing the same name as that component.
Each component can be added to a framework only once. Therefore, after a component has been added to a framework, it will no longer appear when you click the "New" button.
After adding all the components listed below to a framework, the "Record Completed" message will be displayed when you click the "New" button.
HBG - Historical Background: A brief history of the company.
MSN - Mission Statement: The mission statement defines what an organization is, why it exists, and its fundamental purpose.
VSN - Vision Statement: The vision statement serves as a company’s roadmap and describes what the organization intends to achieve or accomplish in the medium- or long-term future.
CVL - Core Values: Core values are the principles and beliefs of a company. They support its vision and shape its corporate culture.
CSH - Customers and Stakeholders: The "Stakeholder Model" focuses on creating value for specific groups of people
- such as employees, customers, communities, shareholders, and society.
CVP - Customer Value Proposition: A customer value proposition is a statement that provides prospects with a clear picture of what your brand can offer. It is the primary reason a customer should buy from you. It explains how your product solves customers’ problems or improves their situation (relevance), delivers specific benefits (quantified value), and tells ideal customers why they should purchase from you rather than from a competitor.
GOA - Strategic Goal: A strategic goal is an outcome statement that defines what a company aims to accomplish on a broad scale.
Viewing Strategy Frameworks in a Compact View
You can click the "Panel" button for a strategy framework to view its components.
You can click any "Strategy Component" displayed on the left-hand side to view or edit its record.
To review the components of another strategy framework on the same screen, select the framework you want to view from the "Strategy Framework" drop-down list.