Strategy Template
A well-thought-out strategy document can drive successful projects and help teams meet their goals. Ramp, a corporate finance operations platform, uses a strategy template to serve as the near-term roadmap for its teams.
It walks users through seven steps: goal, hypothesis, right to win, metric, initiatives, risks, and long term outcomes. Each step is a piece of the overall strategy that documents the path to success. Supported by solid hypotheses, the document creates a clear strategy to achieve objectives.
Using this template, teams are empowered to prioritize initiatives, focusing on high-impact actions that minimize risk and compound success in the long term.
Strategy Template
This template serves to outline a clear and crisp (1-2 pages tops) strategy document for each pod that will govern the near term roadmap. This document defines the goals of the team, justifies how achieving this goal will help us grow, and outlines the priorities of the team to achieve them.
- Goal → What do you want to see in the world?
- Hypothesis → Why do you think this will work?
- Right to win → Why are we uniquely positioned to do this?
- Metric → How will you measure that it does?
- Initiatives → What do we need to do to reach the goal?
- Risks → Why would we fail & what should we do about it?
- Long Term outcomes → How will this work compound?
Goal
Define your team’s purpose & north star metric.
Hypothesis
Explain your hypothesis for how we reach our goal - this is the strategy
Right to win
Why do you think we are uniquely positioned to accomplish this goal vs. everyone else
Metrics
Link to dashboards. Limit to 3 metrics tops. Define the metric, the value, and commentary on the status (red/yellow/green)
Initiatives
Define a prioritized list of initiatives to achieve these goals. Limit to 3-4 initiatives per goal
Key Risks
Long Term Outcomes
What are the long term outcomes that will build on top of this work for our competitive advantage in the market?
A well-thought-out strategy document can drive successful projects and help teams meet their goals. Ramp, a corporate finance operations platform, uses a strategy template to serve as the near-term roadmap for its teams.
It walks users through seven steps: goal, hypothesis, right to win, metric, initiatives, risks, and long term outcomes. Each step is a piece of the overall strategy that documents the path to success. Supported by solid hypotheses, the document creates a clear strategy to achieve objectives.
Using this template, teams are empowered to prioritize initiatives, focusing on high-impact actions that minimize risk and compound success in the long term.
