Excecution
•
3 mins
14 October 2024
What is OGSM and why is it important for marketing?
In marketing, we understand how challenging it can be to determine and maintain a clear course. OGSM, which stands for Objective, Goals, Strategies, and Measures, is a powerful strategic planning tool that helps marketers overcome this challenge. It provides a structured approach to defining and achieving marketing objectives, allowing teams to focus on what truly matters.
We often see marketing teams struggling with fragmented strategies and unclear priorities. OGSM offers a solution by simplifying complex marketing plans into a clear and actionable framework. By implementing OGSM, marketers can better align their efforts with business objectives and achieve measurable results that directly contribute to the success of the organization.
The four components of OGSM explained
Let’s delve deeper into the four essential components of OGSM. Objectives form the foundation - these are the overarching, qualitative goals your marketing team wants to achieve. Goals are the quantifiable targets that support these objectives. Strategies describe the approach to achieve these goals, while Measures are the specific metrics used to track progress.
We understand that it can sometimes be challenging to concretely fill in these components. Therefore, it is important to critically think through each step and incorporate input from various team members. By collaboratively working on these elements, you not only create a stronger plan but also generate more buy-in within your team for the chosen direction.
Applying OGSM to your marketing strategy
Implementing OGSM in your marketing strategy may initially seem overwhelming, but rest assured - with the right approach, it becomes a natural part of your workflow. Begin by formulating a clear, overarching objective for your marketing department. Then, translate this into specific, measurable goals that align with broader business objectives.
We have seen how organizations struggled with vague marketing plans, but gained a clear focus after applying OGSM. For instance, an e-commerce company that wanted to increase its market share. By using OGSM, they were able to refine their strategy into concrete actions such as improving the user experience and optimizing their social media campaigns, with clearly measurable KPIs.
Measuring ROI using OGSM
One of the biggest challenges for marketers is demonstrating the return on investment (ROI) of their efforts. OGSM provides an excellent framework for this. By clearly defining measurement points (Measures) in advance that are directly tied to your objectives and strategies, you create a solid basis for ROI calculations.
We understand that it can sometimes be difficult to choose the right metrics. Our advice is to focus on metrics that are directly related to your business objectives. For a B2B company, this might be the number of qualified leads, while an e-commerce company will be more focused on conversion rates and average order value. By consistently tracking and analyzing this data, you can concretely demonstrate the effectiveness of your marketing efforts.
Practical tips for implementing OGSM in your marketing team
Implementing OGSM requires a structured approach and involvement from the entire team. Start with a workshop where you collaboratively define the key elements of your OGSM plan. Ensure that everyone understands the methodology and agrees with the chosen direction. It is crucial to schedule regular evaluation moments to discuss progress and make adjustments as necessary.
We have noticed that teams that successfully implement OGSM often make use of visual aids such as dashboards or scorecards. These make progress visible to the whole team and promote a culture of accountability. Don’t forget to celebrate successes - every achieved goal, no matter how small, is a step in the right direction and deserves recognition.
Common mistakes when using OGSM and how to avoid them
Although OGSM is a powerful tool, we often see organizations encountering certain challenges during implementation. A common mistake is setting goals that are either too ambitious or too cautious. It is important to formulate realistic yet challenging objectives that motivate your team without being overwhelming.
Another pitfall is neglecting the Measures component. We understand that it may be tempting to focus on strategy and goals, but without clear measurement points and actions, it becomes difficult to make progress. Therefore, pay sufficient attention to defining relevant and measurable KPIs. Lastly, don’t forget that OGSM should be a living document - regular evaluation and adjustments are essential to keeping it effective in a rapidly changing marketing environment.
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