Translate the Strategy into executable terms terms through Balanced Scorecard

Translating strategy into actions and cascading to all organizational levels is the key to connect all activities and align them with the strategic direction. fruiStrategy helps you translate strategy through Balanced Scorecard methodology which includes strategic objectives with cause-and-effect linkages and each objective has the measures with multiple level KPIs.

The performance gaps are identified by establishing targets and measuring actuals on periodic basis and the gaps can be closed by strategic initiatives. The initiatives or projects can be defined to achieve performance expectations and close the value gap.

The strategic objectives can be aligned with initiatives existing and new initiatives can be approved only based on the alignment. This will ensure that no projects are taken up without considering the alignment to the strategy.

Translate organizational goals to Objectives and Key Results

fruiStrategy helps you translate organizational goals to objectives and key results through OKR methodology. The strategic initiatives can be aligned to deliver results and achieve organizational goals. Key results can be monitored continuously with proper measures so the progress can be achieved. The organizational goals can be broken down by clearly defined objectives. Achieving the objective success will close performance expectations and deliver competitive advantage. The Key Results against each objective will help you to link to the people and align the whole organization towards achieving organizational goals.

Prepare Budgets aligned to Strategy

Perform budgeting process in alignment with the strategy which include capital expenditure budget, operational expenditure budgets, and projected financial statements. fruiStrategy helps you to all-in-one system in an integrated way. Align business processes with strategy by linking them to strategic objectives and prioritize operational excellence initiatives and execute them through initiative management.

Align People Objectives to Strategic Objectives

The people performance objectives can be defined with relevant measures and linked to strategic objectives. This will link top down and bottom up linking to align people performance. fruiStrategy helps you to assess the performance individual level by defining individual objectives, measures and linking them to strategic objectives. The people performance also can be done through assessing team performance. fruiStrategy help you to define teams, team objectives, measures and link to strategy objectives. The 360-degree assessment can help you to see overall employee engagement and satisfaction. fruiStrategy help you to perform 360-degree assessment in alignment with strategy.

Identify organizational risks in Strategy execution

The Risks can be identified in achieving results for strategy execution. The Risks can be identified against each strategic objective for strategic risks and also tactical risks. The project risks can be identified at the project level. fruiStrategy help you to define all enterprise risks and report them properly periodically. The budget also can be assigned for mitigating or managing risks which can be tracked through Risk Actions.

Align Operations to Strategy

Operational Excellence is a key management priority focuses on continuous improvement in an organization's operations to achieve sustainable competitive advantage. It involves systematically identifying and eliminating inefficiencies and waste in processes, reducing costs, improving quality, and increasing productivity. Operational Excellence can be achieved by using various methodologies such as Lean, Six Sigma, Total Quality Management (TQM), and Continuous Improvement.

fruiStrategy aligns all your operational excellence initiatives to the strategy. The business process alignment can highlight the important business processes to deliver strategic objectives and close the measure gaps.

Operational Excellence is not a one-time event, but rather a continuous process of improvement. It requires a culture of continuous learning and improvement, where everyone in the organization is focused on achieving the common goal of excellence in operations. To achieve this, organizations need to foster a mindset of innovation, collaboration, and continuous learning.

Perform robust business operations and complete projects successfully

Strategy execution is mainly taken place through processes of operational management, project management, and strategy management. The measures and results need to be reported periodically at a set frequency. Comparing targets with actuals gives an idea about performance and the managers need to analyse and recommended actions along with measure numbers.

Align business processes and operational excellence initiatives to Strategy

Perform robust operations consistently through business processes to run the business successfully to generate revenues, meet profitability, sustainability, and customer satisfaction. Running operations successfully is the major priority for operations managers and also achieving excellence in operations is major expectation. To achieve operational excellence, you need to identify the key business processes, identify the gaps, and plan to close the gaps through appropriate methodology.

The methodologies include Lean Six Sigma, TQM, TPM, and others. Whatever methodology you use, always make sure that the improvement initiatives need to be aligned to the strategy.

Report targets and actual data for Measures periodically

The operations managers need to report on strategic objectives and measures. Each objective owner and measure owner need to report the progress on periodic basis preferably monthly. fruiStrategy help you to do so easily. The multiple level of KPIs can be reported manually or it can be populated through integration through ERP or any other systems. The reporting covers theme story, objective story, measure story, and initiative story of balanced scorecard.

Report project status, milestones, and lessons

Project progress needs to be reported periodically which is an essential part of project management. The project manager should provide regular updates to stakeholders, including sponsors, team members, and customers, on the project's status and progress towards achieving its goals. This helps keep everyone informed, ensures transparency, and enables timely decision-making and problem-solving. fruiStrategy help project managers to update the story of project on periodic basis.

Pay attention to Risks and report periodically

Periodic risk reporting is an essential component of a comprehensive risk management program. It involves the regular collection, analysis, and communication of information about potential risks and their impact on an organization. The purpose of risk reporting is to provide stakeholders with a clear and concise understanding of the risks faced by the organization and the measures being taken to manage them.

Key Risk Indicators performance can be updated by Risk Managers on the go and ensure that the risks are constantly taken care of as a part of strategy execution. fruiStrategy provides integration capability with all systems to get the actual performance numbers directly reported.

Communicate budget performance to all the managers

Budgeting manager is responsible for tracking the progress of the organization's budget on a periodic basis, and reporting this progress to relevant stakeholders. Once data has been gathered, the budgeting manager will compare actual results to the budgeted amounts. This involves identifying areas where actual results have exceeded or fallen short of budgeted amounts, and analyzing the reasons for any variances. fruiStrategy helps you to record actual budget numbers and generate variance reports.

Measure people performance and report

HR Managers can collect people performance information periodically for personal objectives and measures and report them in the system. If the data available in any other system it can be collected and transferred to fruiStrategy automatically. The individual performance and team performance can be reported on monthly basis to see the variance against the targets. The 360-degree review results to show the employee engagement and satisfaction can be done quarterly and reported through system.

Conduct Strategy & Operational Reviews and take Actions

Conduct strategy reviews to assess the strategy execution periodically and the progress of strategy execution to take corrective actions. Any emerging strategies can be reviewed and corrective actions can be taken to set the right direction. The key outcome of strategy reviews is actions required by the managers. fruiStrategy empowers strategy execution team to assign actions to individuals with clear accountability. The task will be assigned along with an email notification and reminders which avoids any slippages of key actions.

Analyse performance of through interactive dashboards

fruiStrategy helps you be on track for better understanding of performance to take informed decisions. All the performance information in real time will be in one place with easy access. You can access current period and previous period information along with attachments without remembering or storing in your local computers.

Take timely and appropriate actions

The actions could be meeting actions, general actions, ESG actions, general chat, or budget actions. fruiStrategy helps managers monitor action items and make sure nothing is missed. The actions can be initiated for all strategy sessions which include objectives, measures, initiatives, risks, OKR, people, and others.

Strategy reporting book help you to use for strategy reviews and board meetings. The collection key strategy objectives and performance indicators give you the overall performance of the organization. For board reporting, it includes revenue and expenses dashboards of all business units and shared service units along with overall profitability and sustainability performance information.

Transform organization to achieve sustainable growth through SFO Assessment

The process of strategic transformation typically involves several phases, including strategic analysis, visioning and goal-setting, planning, implementation, and monitoring and evaluation. Successful transformation requires strong leadership, effective communication, collaboration and alignment across the organization, and a willingness to embrace change and take risks. It is a complex and challenging process and it will lead to significant improvements in organizational performance, competitiveness, and long-term success. fruiStrategy help you to manage overall organizational transformation in a systems driven approach.

Assess Portfolio Performance through overall PMO Performance

fruiStrategy helps you perform Portfolio performance by summing up the performance of all projects and programs with their weightages. The performance reported on periodic basis for each project is multiplied with the project weightage and overall PMO performance is calculated automatically by fruiStrategy. The program performance is calculated for all projects connected by weighted average. fruiStrategy calculates portfolio score by summing up all weights and scores of programs and projects connected and gives one number to monitor for the overall performance.

Sustainability Performance through ESG

The sustainability index can be calculated by Environmental, Social, and Governance (ESG) assessment. The ESG assessment score assessed can helpful to know the progress from sustainability point of view and focus on closing the gaps in Environmental, Social, and Governance initiatives. This is a major focus of organizations for next decade and everyone have to align towards ESG compliance.