StratNavApp is a collaborative tool designed to aid in both the development and execution of business strategies.
It offers a range of features to support strategic planning and implementation, such as:
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Strategy Development: StratNavApp helps with the initial stages of strategy development by providing tools for analysis, planning, and goal setting. It allows users to map out their strategy using mission and vision statements, values, goals, objectives, KPIs, and targets. The platform also facilitates strategic analysis, enabling users to start their strategy from a solid foundation.
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Strategic Analysis Tools: StratNavApp incorporates various models and frameworks such as SWOT, PESTEL, McKinsey 7S, and Porter's 5 Forces to analyse a business and its competitive environment. It supports the use of strategy canvases, the Business Model Canvas, and the Balanced Scorecard. The platform helps users understand key entities and relationships in the strategy development process through its meta-model.
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Goal Setting and Tracking: StratNavApp provides tools for setting strategic goals. It uses the balanced scorecard framework to organise goals and highlight the different natures and relationships between them. The platform also allows for the creation of a strategy scorecard for tracking goals and KPIs. Additionally, the goal/initiative matrix shows which initiatives support which goals, aiding in prioritization.
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Action Planning and Execution: The platform assists in turning strategy into action by providing tools for planning strategy execution. Users can create and link actions to other elements of their strategy to enhance execution efficiency. The platform also includes features like a personal calendar and personal actions to streamline project management. It also helps users manage deadlines in strategic planning.
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Collaboration and Communication: StratNavApp promotes collaboration by allowing users to share their projects with their team. It facilitates communication by enabling users to format detailed content to improve clarity and by using meetings to manage the strategy process. The platform can be integrated with other systems, such as CRM platforms, and with calendars for efficient collaborative strategy implementation and execution. StratNavApp also helps to streamline global collaboration across time zones.
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Monitoring and Reporting: StratNavApp allows users to track the progress of their strategic initiatives using the Initiative Status Report and to generate strategy reports. It enables the tracking of KPIs, including formatting the numeric output of KPIs. The system also has integrations with Zapier to add KPI measurements to the strategy scorecard.
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Data Management and Security: StratNavApp offers features like autosave to protect work and prevent data loss. It has locked fields to prevent users from overwriting each other's changes during updates. The platform also ensures data security with measures like secure data centres, TLS encryption, and multi-factor authentication. Users can also upload and link supporting documents directly to their strategy content.
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Additional Features: StratNavApp includes a range of other tools such as a RAID Log for managing risks, actions, issues, and decisions, as well as features to manage stakeholders effectively with bookmarklets for integration with LinkedIn. StratNavApp also has tools for working with scenarios and also for customising Microsoft Word reports and for downloading images of strategy models.
In summary, StratNavApp provides a comprehensive platform that supports all phases of strategic planning, from initial analysis to execution, monitoring, and reporting. It includes a variety of tools and features that facilitate effective strategy development, collaboration, and execution.