The concept of a strategy pyramid

 

The concept of a strategy pyramid is a framework used by organizations to align their actions with their core values, vision, and mission. It helps in prioritizing and organizing key elements of a company's strategy.  By following the strategy pyramid, companies can ensure that their actions are aligned with their core values, vision, and mission, leading to a more coherent and effective strategy.

It also provides a framework for decision-making and helps in communicating the company's strategy to stakeholders.

Here's a breakdown of each level of the strategy pyramid:

Core Values: At the base of the pyramid are the core values of the company. These are the fundamental beliefs and principles that guide the organization's behavior and decision-making. Core values define the company's culture and are the foundation upon which the rest of the strategy is built.

Vision: The next level of the pyramid is the company's vision. This is a statement that describes the desired future state of the organization. A clear vision provides direction and purpose, motivating employees and stakeholders to work towards a common goal.

Mission: Above the vision is the mission of the company. The mission statement articulates the purpose of the organization, its reason for existence, and the value it provides to its customers and stakeholders. It answers the question, "What do we do and why do we do it?"

Strategic Objectives: The next level of the pyramid consists of strategic objectives. These are specific, measurable goals that support the company's mission and vision. Strategic objectives help in translating the vision into actionable steps and provide a framework for decision-making and resource allocation.

Actions & KPIs: At the bottom of the pyramid are the actions and key performance indicators (KPIs) that are used to track progress towards the strategic objectives. Actions are the specific initiatives and projects that are undertaken to achieve the strategic objectives, while KPIs are used to measure the success of these actions.