Focus On Business Execution
Profit mapping is used by companies to execute their strategy no matter what it is. Strategy can range from everything to improving profitability, increasing customer satisfaction, reducing costs, becoming more flexible in product or service delivery, reducing waste, and so on.
As companies translate strategy into measurable objectives, profit mapping then bridges the gap between planning and execution. It does this by identifying:
- The nature of the problem within the context of the capabilities and constraints of the organization.
- The specific parameters under management control that are linked to the business challenges.
- The sensitivity of the various parameters for improving business performance.
- An execution roadmap showing the specific steps and actions required to achieve the business objectives.
Read more about this topic: Pro FIT-MAP Methodology
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