A strategic roadmap is a time-based plan that defines where a business is, where it wants to go, and how to get it there. It is a visual representation that organizes and presents important information related to future plans. Strategic roadmaps are a common approach to planning. They are an effective communication tool for managers, and link strategic initiatives with business plans. Roadmapping acts as a focusing device that marshals efforts toward achieving important goals. Strategic decision making is the main factor determining firm success. Sound decisions require timely and relevant information. Strategic roadmapping assumes that different departments and individuals in the organization possess vital information for strategic decision making. A roadmap describes a destination in terms of goals, timelines and intermediate stops on the way. It shows practical steps necessary to get to the desired destination. It considers interdependencies among steps and anticipates alternative routes that help optimize resource allocation and minimize risks. Roadmapping is a collaborative strategic planning process. The first stage is to determine a vision. The vision is a desirable future state that the business would like to have happen. Next, several vision statements are expressed and concrete goals are defined. The third stage is doing a gap analysis. Here, critical capabilities needed for the articulated visions are determined; then, a gap analysis between available capabilities and the needed capabilities is conducted. Finally, a portfolio of actions based on the gap analysis is recommended. For small companies, the first roadmap is a framework to think about strategic planning. Roadmaps are not static tools, and several iterations of the process may be needed to see full benefits. A roadmap does not predict the future. It is a collaborative tool to make strategies and take actions toward a desired future state. It allows evaluation of technological changes and business opportunities that matter for realizing a desired future.
Strategic Roadmap template will be primarily useful for company owners and directors. You can use the slides of this template to present your company development concept. For example, you can display what results your company has already achieved, indicate short-term and long-term goals, describe the resources that are needed to achieve these goals. This template will also be useful for planners. The slides in this template can be used by team leaders to prepare for their weekly sprints with their team members. Department leaders can use this template as they prepare to discuss a department innovation plan. For example, the Logistics Director might discuss with the Warehouse Logistics Manager and Transportation Manager the introduction of a new targeted storage and expedited unloading system using the latest electric forklift trucks. All slides in this template are easy to edit and, if necessary, you can make the necessary changes yourself. Also, this template will be useful for business coaches, university professors, and plant managers.