Can My Company Use EOS for Strategic Planning?
The Entrepreneurial Operating System, also known as EOS, is a fantastic way to get your organization aligned on vision, accountability, and execution. However, it wasn’t designed to develop your overarching strategic plan.
If you need help creating or refining strategy, here are three frameworks I recommend:
Balanced Scorecard – This strategic framework can help you define objectives across four perspectives: financial, customer, internal processes, and learning and growth. It keeps strategy balanced and measurable, taking into account the most important aspects of your business. Make sure to check out a blog post I wrote specifically about the Balanced Scorecard.
OKRs (Objectives and Key Results) – Popularized by Silicon Valley companies, OKRs set bold goals and measurable outcomes. It’s perfect for tracking progress on what matters most strategically. I wrote a very comprehensive article on OKRs if you want to learn more!
Blue Ocean Strategy – I have talked about this book in several of my YouTube videos because this is one of my favorite strategy frameworks. The Blue Ocean approach helps you find uncontested market space, creating new demand rather than fighting for existing customers in the “red ocean”.
There are several other strategy models you can take a look at, these are just three of my favorites that I have found to be most applicable. Pick one or combine different parts of them to build a strategic foundation that works for your business. Then, use EOS to keep everyone aligned and accountable as you put that strategy into action!
