If your organization is going to achieve its key objectives, it is vital to ensure the work your people do is aligned with top-level strategies. To get everyone working towards the same goals, you need to plan carefully, communicate clearly, and use the right tools. Clarity by Broadcom is one of the tools that can help make this process smart and easy.
Clarity is a corporate investment management solution, that can be used for both project and non-project investments. Clarity provides a single source of truth for all investment-related information, making it easier to align the work tied to investments with your strategy and get complete visibility and traceability. Here are three simple steps to aligning work with strategy using Clarity.
Step 1: Get Clarity (pun intended) on your strategy and goals
Before you can align your work with your strategy, you need to define your strategy and goals. This involves identifying your organization's mission, vision, and values, as well as setting specific goals and objectives that will help you achieve your strategy. Once you have a clear understanding of your strategy and goals, you can use Clarity to capture all of those items. You can then create a roadmap that outlines the projects and other investments that will help you achieve your goals. It's like having a treasure map that leads you straight to the pot of gold.
Clarity also allows you to create one or more investment hierarchies that reflect the different dimensions your organization uses to track efforts. You might roll up sustainability initiatives to a sustainability officer and to the individuals in affected regions. Alternatively, you can provide a technology rollup to different regions and to the central IT team. You can create high-level portfolios to represent your strategy, and then break them down into programs and other investments that support your goals. This makes it easy to see how each investment contributes to the overall strategy, and helps ensure alignment, so everyone is moving in the same direction—toward that pot of gold.
Step 2: Communicate, communicate, communicate
Once you have defined your strategy and goals and created a roadmap in Clarity, it's important to share them with your team. In fact, the primary purpose of a roadmap is to help build a consensus among stakeholders about the plans to follow. This helps ensure that everyone understands the organization's priorities and is working towards the same goals. Clarity provides several capabilities that can help with the communication process:
- Customization. Clarity allows you to create custom tables, fields, and views that align with your organization's terminology and workflows. This helps ensure that everyone is using the same language and working in the same way, which reduces confusion and improves collaboration.
- Dashboards and reports. You can use Clarity to create dashboards and reports that provide real-time updates on investment progress and key performance indicators (KPIs). This makes it easy to track progress towards your goals and identify areas that need attention, so you can take corrective action before problems become too big to handle.
- Collaboration. Clarity provides a simple-to-use collaboration platform that allows team members to communicate and share information in real time. This makes it easy to ask questions, share ideas, and provide feedback, which helps ensure that everyone is on the same page.
Step 3: Keep tabs on progress and pivot as needed
Aligning work with strategy is an ongoing process, and it's important to monitor progress and adjust your approach as needed. Clarity makes doing this a breeze by providing these capabilities:
- Clarity provides powerful analytics and reporting capabilities in the form of a native onboard data warehouse . This enables you to analyze your projects and other investments to understand what's working and what's not, so you can adjust your approach accordingly.
- Clarity offers a flexible platform that can adapt to your changing needs. You can add new investments as your strategy evolves and adjust your investment hierarchies to align with changes in your organization's priorities or structure. You can even add, change, or remove the data fields or tables you are capturing about your investment—all without the need for any scripting or coding.
Aligning work with strategy is critical for the success of any organization. It can be tough, but it doesn't have to be a headache. Clarity by Broadcom can help make this process smart and easy. The solution helps you get clarity (again, pun intended) into your strategy and goals, communicate those priorities extensively and collaboratively, monitor progress, and adjust as needed.
With Clarity, you can ensure that everyone is pulling in the same direction and contributing to the success of your organization. With its powerful investment management capabilities, collaboration platform, and reporting and analytics tools, Clarity provides a single source of truth for all investment-related information, so you can make strategic alignment a reality.