Many organizations face challenges when turning their big plans into actual actions and results. Even with a clear direction, they run into issues like unclear priorities, conflicting agendas, siloed teams, and a lack of visibility when trying to turn these plans into tasks for their teams. The real challenge is making sure everyone is on the same page and contributing to shared goals, especially in a constantly changing business world, where showing the value of their work to stakeholders and customers is crucial.
A big reason for these challenges is the gap between strategy and getting things done. This gap means there’s a disconnection between the big goals of the organization and the day-to-day tasks needed to reach them. This common challenge has a big impact on how well organizations perform, affecting things like alignment, teamwork, communication, transparency, responsibility, and flexibility.
The idea behind Prakya’s Strategy Board
The execution of strategy requires alignment among different teams throughout the process. Since strategy is a long-term effort, teams need to consistently check their alignment. Top management is responsible for checking and guiding teams to ensure correct execution.
While many tools document work progress, top management and business teams prefer seeing progress in the context of the overall business strategy. This creates a gap, as explained in the infographic.
To bridge this gap, Prakya developed a strategy board linking organizational strategy to execution, automatically translating work progress into strategic context. This enables the top management team to make decisions and provide guidance.
In its current version, this feature ensures perfect alignment between strategy and execution, embodying Prakya’s core principle. As our founder, Raghu Konka, puts it:
“Teams across the organization see the same data, even if the data is wrong!”
Bridging the gap from strategy to execution through Prakya’s Strategy Board
Prakya offers a streamlined method for visualizing, prioritizing, and tracking strategic initiatives. The Strategy Board, a key feature, facilitates top management in aligning strategy with executed work, ensuring ongoing progress awareness. It enables business and product owners to maintain focus on tasks contributing to strategic advancement, transforming the strategy into a dynamic document. Prakya effortlessly connects strategy and execution, ensuring stakeholders are informed with minimal effort, creating visibility across the community.
- Prakya’s Strategy Board efficiently manages OKRs, ensuring alignment and progress tracking.
- The Strategy Board adeptly handles Strategic Initiatives and Roadmaps, providing a comprehensive approach to vision translation.
- It delivers multidimensional visibility across the stakeholder community, fostering transparency and collaboration.
- Prakya’s Strategy Board incorporates Context-Sensitive Stakeholder Analytics and Dashboards, enhancing precision in strategic decision-making.
Advantages of Prakya’s Strategy Board
Here are some of the benefits of using Prakya’s Strategy Board:
Effortlessly aligns your work with business strategy
With Prakya’s Strategy Board, you can easily demonstrate how your execution level work supports the strategic objectives of your organization. You don’t need to waste time and energy on creating reports or presentations that explain your work to the business stakeholders. Prakya’s Strategy Board automatically connects your work to the relevant goals and shows your progress and impact.
Simplifies your Work Execution
You don’t have to waste time and energy figuring out how your work contributes to the strategy. Prakya’s Strategy Board does that for you. It connects your work to the strategic goals and shows you the impact of your actions. You can focus on doing your work with confidence and clarity, knowing that Prakya’s Strategy Board will keep you aligned with the strategy.
Communicates your work effectively
Have no worry about how to present your work to the business level users. You can avoid the confusion and inconsistency that may arise from hiring specialists who have different interpretations of how to showcase your team’s work. You can trust Prakya’s Strategy Board to communicate your work in a way that is relevant and meaningful to the business.
SAFe Compliance for Scalability
Prakya ensures scalability from small teams to enterprises , adhering to all the goodness of Scaled Agile Framework (SAFe). Organizations can confidently use the tool for agile transformation and growth.
Ensures data consistency and alignment
Data consistency and alignment are crucial for effective strategy and execution. With Prakya, you can avoid data discrepancies or inconsistencies that may arise from different teams or levels of the organization using different sources of data. Prakya’s Strategy Board allows you to access and analyze the same data as your execution teams and strategic teams, ensuring that everyone is on the same page and working towards the same goals. You can rely on Prakya’s Strategy Board as a single source of truth for your strategy and execution.
A Clear and Direct Way to Align Work with Strategy
Prakya’s Strategy Board helps you connect your work to the strategic goals of your business. It shows you how your work contributes to the strategy and how it is measured and tracked. You don’t have to deal with any filters, smokescreens, hidden agendas or biases that might affect the data or the communication. The Strategy Board gives you a transparent and objective view of how your work aligns with the strategy and how it is moving towards achieving it.
Achieve Complete team alignment and accountability
Strategy Board lets you see the same data as your team members, other teams, and stakeholders, so you can make informed decisions and avoid confusion and delays. It also creates a transparent system where everyone can see the progress and performance of the strategy and hold each other accountable. With Prakya’s Strategy Board, you can ensure that your team is on the same page and working towards the same goals.
A Simple and Intuitive System for Technical Teams
If you are a technical team, you want to focus on your core skills and interests, not on learning a complicated or unfamiliar system. That’s why Prakya’s Strategy Board is the perfect solution for you. It helps you align your work with the strategy in a simple and intuitive way. You can easily see how your tasks and projects contribute to the strategic goals and outcomes. With Prakya’s Strategy Board, you can achieve technical excellence and creativity while staying connected to the strategy.
Advanced Functionalities of Prakya’s Strategy Board
1. Holistic Visibility with Feedback and Feedforward Loops
Gain comprehensive insight into your work processes through Prakya’s Strategy Board, leveraging both feedback and feedforward loops.
Feedback Loops: Assess your team’s performance and identify areas for improvement.
Feedforward Loops: Anticipate and prepare for the future by seeking guidance on potential project impacts.
Example: Inquire about the effects of taking on a new project with specific user stories and story points and receive insights on the ideal team and adjustments to accommodate the project seamlessly.
2. Predictive Analytics for Informed Decision-Making
Harness the power of predictive analytics provided by Prakya, enabling strategic decision-making based on data-driven insights.
Resource Allocation: Receive guidance on how to effectively allocate resources.
Task Prioritization: Optimize task prioritization for enhanced efficiency.
Workload Balancing: Maintain a balanced workload across your projects.
Risk and Bottleneck Avoidance: Proactively avoid risks and bottlenecks with informed decision support.
Example: Utilize Prakya to compute metrics that guide resource allocation, task prioritization, workload balancing, and risk mitigation strategies.
3. User-Friendly Interface for Effortless Project Management
Experience a seamless project management process with Prakya’s Strategy Board’s user-friendly interface.
Project Creation and Updates: Easily create and update projects.
Team Monitoring: Effortlessly monitor the progress of your teams.
Task Assignment: Streamline task assignment processes.
Communication Hub: Facilitate communication with team members.
Example: Leverage the simplicity of Prakya’s Strategy Board’s interface for tasks such as dragging and dropping user stories, assigning tasks, tracking progress, and fostering effective team communication.
Prakya’s Strategy Board empowers users with an array of advanced features, ensuring a sophisticated yet user-friendly platform for strategic work management. It serves as a pivotal link between strategic planning and agile execution, effectively addressing the persistent gap that hinders organizational success. By seamlessly connecting work progress to overarching business strategies, Prakya’s innovative solution facilitates alignment, transparency, and informed decision-making across all levels of an organization.
