Top six strategic management tools

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Top six strategic management tools

Want to take your business to the next level? These apps will help you reach your goals.

Although you may be familiar with project management tools, which help your business keep track of projects, it's important to monitor the progression of your overall strategy, too.

Project management breaks each project up into bite-sized pieces, ensuring you can keep track of the development, testing and deployment of software. Strategic management keeps tabs on everything else, with its most important element being its ability to monitor continuous development and innovation.

Strategic management software combines the planning, monitoring, analysis and assessment of everything that happens in an organisation to ensure it meets its business goals. 

However, it's not particularly complex, because the majority of strategic management tools can integrate with other platforms – it just acts as the overall top view of your organisation's activities.

To help you navigate through the world of strategic management tools, we've rounded up six of the better options – complete solutions that can help make your company much more productive.

Aha!

Platform: web

Price: free for up to five users; US$74 per user per month for Premium plan

Aha! helps you ascertain your company's goals, target market, value proposition and more, and gives you the tools you need to carry out your business strategy once you know these things.

Although it'll take quite a lot of effort to set up if you haven't already set out your business's strategy, Aha! arms you with all the information you need to succeed.

Once you've decided upon your key metrics, you can then use the platform to build more in-depth strategies, track the competition's performance, work out the finances needed to achieve your goals and analyse its success.

Cascade Strategy

Platforms Android, iOS, web

Price: US$21 per user per month for Basic plan or US$29 for Pro plan (with advanced features)

Cascade Strategy is an all-in-one strategic management platform, enabling you to create a plan, execute it and then assess how well your business did from a single dashboard.

If your strategy is likely to change, Cascade Strategy allows you to make tweaks whenever you need to, customising to suit your own business needs rather than trying to make your company fit its templates.

When it comes to rolling out the strategy, the platform allows you to manage individual projects, goals and KPIs centrally, integrating with a range of other tools and allowing for collaboration between colleagues and departments, whether you need to share documents and files or chat in real time.

Envisio

Platforms: Web

Price: On application

Envisio has been designed for strategy management in education and governmental organisations. However, if you work in either of those sectors, you'll find Envisio to be a strong strategy management platform.

Because it uses a framework familiar to public sector organisations, it builds upon the processes governments are likely to use, with an easy-to-use interface offering complete transparency.

Managers are able to view planned progress, measure performance outcomes, review comments, and generate reports to boards or other bodies to demonstrate their progress.

OnStrategy

Platforms: Android, iOS, web

Price: from US$650 per month

OnStrategy isn't just a software platform; the company is also a team of advisors that will help you implement your strategy by building a custom platform according to your business's specific needs. You'll work alongside a dedicated strategist to give your business the best chance of success in executing the strategy within a specified timeframe, too.

The software covers the entire end-to-end strategic process, from building a corporate plan, directing tasks to specific departments, executing the strategy, transparently reporting progress across the entire organisation, and of course the ability to track performance from one dashboard.

SAP Strategy Management

Platforms: iOS, web

Cost: Price on application

From one of the most well-known business management companies, SAP's contribution to the strategic management sector takes an operational approach to strategic management, combining planning, benchmarking, strategic management, performance score-carding and collaboration tools in one easy-to-use product.

You can track your performance against competitors, and the board can easily see whether you're hitting KPIs with scorecards that present the information in a clear and concise way.

SAP's Strategy Management tool encourages collaboration, with the ability to add comments related to KPIs, objectives and initiatives, so everyone can have input in the business strategy.

One of our favourite features is the ability to see the status of each strategy via status indicators that change according to how well you're doing.

StrategyBlocks

Platforms: Android, iOS, web

Cost: Free for starter version or US$220 per year for Premium plan

StrategyBlocks prides itself on its stunning interface and we must agree – it looks super-sleek, with what it calls an 'interactive' interface. Each element of your strategy is signposted on the cascading architecture, with each widget displaying exactly where you're up to in that part of your plan.

Aside from the interface, StrategyBlocks can be hosted either in the cloud or on-premises. The latter is particularly useful for highly regulated businesses that perhaps don't want to store their data in the cloud.

Data regarding performance is autonomously collated and processed to give a better overview of your progress and with the added bonus of risk management, you can be sure your strategy is implemented.

This article originally appeared at IT Pro.

Copyright © ITPro, Dennis Publishing
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