You're refining strategic plans with analytics. Which data points should you prioritize for optimization?

It’s time to make data and fact based decisions. Intuition is good … to fill in some blanks from time to time when the answer you need isn’t in the data. Start with your vision (where you want to be in the future AND what you want to be). Then craft your strategy (how you are going to get there). Next decide which metrics (the things you will measure) will help tell you if you are on the right track. Prioritize your metrics from most to least important. The top 2 to 3 metrics are your KPIs - Key Performance Indicators. When it’s time to focus on data for insights, avoid analysis paralysis! While looking at data can be interesting & fun (for some of us) … you need to focus your time and energy on analyzing data connected to your KPIs.

In non-profits, the KPIs could be differently defined for external and internal stakeholders as well as. The solution is to have a set of internal KPIs of success that are useful for most of the external success communication also. These KPIs should end-to-end cover all the Strategic goals of the organisation, and be crisp to understand. Less is more in this.

Tailor approaches to individual customer profiles. Personalized marketing, product recommendations, and focused messaging boost satisfaction and foster loyalty

Operational Efficiency through data is indispensable for any organisation. KPIs play very important role. Key is to have the metrics for all the operational facets set and the performance benchmarks defined. A dashboard-like view is also very useful here, so that it can lead to intuitive thinking and faster decision making. This paves the way for staying on top of the strategic goals and keeps decisions strategically aligned.

Efficient management of production costs is essential for the financial health of any company, monitoring these costs allows for the identification of areas where resources may be misused. A detailed analysis of direct and indirect production costs can reveal opportunities for substantial savings, for instance, the cost of materials, labor, and overhead expenses should be constantly reviewed and compared with industry benchmarks. Reducing waste and improving production processes are effective strategies for cutting costs. Adopting methodologies such as Lean Manufacturing and Six Sigma can help eliminate inefficiencies and improve product quality, resulting in leaner and more economical production.

It's very important to have an understanding of how different or common the strategic goals and its KPIs are when compared to market, that is very important to know where does the level playing field exists and how is organisation's strategy faring in terms of market trends. One actionable here could be to have alerts set up for all important keywords of pursued strategic goals in search engines, to get real time updates of what is happening in the globe on those topics.

Para otimizar a gestão de riscos nos planos estratégicos, sugiro trabalhar na identificação e avaliação de riscos, considerando histórico de incidentes e previsões futuras, além de avaliar a probabilidade de ocorrência e impacto potencial. Buscar a mitigação com planos de contingência e capacidades de resposta, sempre monitorando via KPIs e sistemas de alerta. Não abrir mão da análise dos requisitos legais e pontos já sinalizados em auditorias. Avaliar o impacto financeiro através análises de custo-benefício. Há outras preocupações como comunicação, necessidades dos stakeholders e aspectos tecnológicos.