What is a Strategy Board?
A Strategy Board is an essential tool within Shorter Loop designed to help product managers and teams articulate, organize, and monitor strategic objectives for their products or projects.
By offering a clear visual representation of goals and initiatives, the Strategy Board ensures that every team member is aligned with the overarching business objectives, fostering a focused and collaborative environment for success.
Whether you’re launching a new product or refining an existing one, the Strategy Board helps ensure that every step you take is aligned with your broader business goals.
Create Objectives, Opportunities, Solutions, and Experiments
The Strategy Board allows product professionals to seamlessly integrate key elements of strategic planning into their workflow.
Create Objectives
Define clear, actionable objectives (SMART- specific, measurable, actionable), for your product or project. These objectives should be specific, measurable, and aligned with your overall business goals.
Identify Opportunities
Identify potential opportunities that can help achieve these goals. These opportunities might stem from market research, customer feedback, or internal innovation.
Develop Solutions
For each identified opportunity, brainstorm and develop possible solutions. This stage encourages creative thinking and the exploration of various approaches to tackle challenges or capitalize on opportunities.
Design Experiments
Test your solutions by designing experiments that validate their effectiveness. By running controlled tests, you can refine your strategies based on real-world results, ensuring that your final approach is data-driven.
How to Create a Strategy Board
Navigate to the left menu of the Dashboard. Click on the ‘Strategy Board’.
2. Below, you can see the Default Page of the ‘Strategy Board’.
Create a New Objective on the Strategy Board
Create a New Opportunity for Every Objective
Create a New Solution for Every Opportunity
Create a New Experiment for every Objective and Opportunity
