OGSM and KPIs: How to Measure Your Strategy
Measure your Strategy for success! Discover how to set measurable goals and make your strategy more effective.
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Download the OGSM Excel template here and start drawing up your strategic business plan in Excel today. With this template, you can make your plan clear, structured and result-oriented.
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Yes, the OGSM model is suitable for companies of all sizes and industries. Whether you're a startup or a multinational, OGSM helps you clarify goals, implement strategies, and achieve results.
The OGSM model is popular because it:
• Provides structure: It offers a clear and easy-to-understand framework.
• Enhances effectiveness: It emphasises measurable results.
• Boosts engagement: Teams collaborate to achieve shared goals.
OGSM helps organisations translate their vision into concrete actions, driving improved performance and teamwork.
OGSM is an acronym for:
• Objective: The overarching, qualitative ambition.
• Goals: Quantitative and measurable goals.
• Strategies: The methods and choices to achieve the objective.
• Measures: Dashboards and actions to measure progress and results.
The OGSM model offers a powerful structure for making strategic plans clear and executable.
The model helps organisations to focus on their core ambitions and translate them into practical steps. The OGSM model is designed to reduce complexity and engage teams at all levels in achieving shared strategic goals.
An OGSM works by bringing together four core components:
1. Objective: Formulate a clear, inspiring goal, preferably for the long term (2 to 5 years).
2. Goals: Define measurable and SMART goals to achieve the Objective.
3. Strategies: Develop strategies to achieve your Objective & Goals.
4. Measures: Use dashboards with targets and KPIs to measure progress and success, and use actions as tactical steps in execution.
With a well-designed OGSM, you can consistently implement and adjust goals and strategies based on measurable results.
The OGSM model is a strategic framework that helps companies turn their vision into a concrete, measurable and action-oriented plan.
OGSM stands for Objective, Goals, Strategies, Measures and offers a clear way to define long-term goals, develop strategies and monitor progress. The OGSM method is used worldwide because of the simplicity and effective implementation of the strategy.