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6 strategies and tactics for Smart Strategy

What is Smart Strategy strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Smart Strategy strategy can seem daunting, particularly when you're focused on your daily workload. For this reason, we've compiled a selection of examples to fuel your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

How to write your own Smart Strategy strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Smart Strategy strategy examples

You will find in the next section many different Smart Strategy tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for building a strategy plan

  • ⛳️ Strategy 1: Conduct a thorough analysis

    • Identify the main objectives and goals
    • Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)
    • Analyse market trends and industry data
    • Evaluate competitor strategies
    • Gather insights from key stakeholders
    • Assess internal capabilities and resources
    • Identify potential risks and challenges
    • Determine the success factors
    • Evaluate current performance metrics
    • Prepare a comprehensive report of findings

  • ⛳️ Strategy 2: Develop actionable objectives and goals

    • Define specific, measurable, achievable, relevant, and time-bound (SMART) goals
    • Align objectives with the overall mission and vision
    • Prioritise goals based on impact and feasibility
    • Determine key performance indicators (KPIs) for each goal
    • Set short-term and long-term objectives
    • Break down goals into actionable steps
    • Assign responsibilities and timelines
    • Establish a monitoring and evaluation framework
    • Develop contingency plans for potential obstacles
    • Communicate goals and action plans to the team

  • ⛳️ Strategy 3: Implement the strategy plan

    • Create a detailed action plan and timeline
    • Allocate resources and budget
    • Train and equip team members
    • Initiate action steps according to priorities
    • Monitor progress regularly
    • Adjust strategies and actions based on feedback
    • Conduct regular team meetings to review progress
    • Publicise achievements and progress within the organisation
    • Continuously gather data and evaluate performance
    • Refine the strategy plan based on lessons learned
swot-analysissmart-goalsstrategy-manageranalyststrategy-teamimplementation-team
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Strategies and tactics for creating a SMART strategic plan

  • ⛳️ Strategy 1: Utilise the guiding framework

    • Review the guiding framework and ensure it aligns with the overall vision and mission
    • Define specific and measurable objectives within the guiding framework
    • Identify relevant stakeholders who will contribute to the success of the framework
    • Allocate resources effectively, ensuring sponsors and champions are involved
    • Develop a detailed work plan that outlines milestones and deadlines
    • Determine performance measures to assess the progress of initiatives
    • Integrate best practices from the industry into the guiding framework
    • Conduct a SWOT analysis to identify strengths, weaknesses, opportunities, and threats
    • Align the guiding framework with the strategic initiatives and goals
    • Ensure continuous monitoring and updating of the framework as necessary

  • ⛳️ Strategy 2: Align vision, mission, and values with strategic initiatives

    • Clearly define the organisational vision, mission, and values
    • Ensure that all strategic initiatives incorporate the core values of the organisation
    • Set specific goals that align with the vision and mission of the organisation
    • Identify key strategic initiatives that will drive the goals and objectives
    • Engage with sponsors and champions to support strategic initiatives
    • Use performance measures to track the progress of each initiative
    • Incorporate industry best practices into strategic initiatives
    • Develop a timeline for the implementation of strategic initiatives
    • Regularly review and update the vision, mission, and values as needed
    • Communicate the alignment of vision, mission, and values to all stakeholders

  • ⛳️ Strategy 3: Implement a robust strategy execution process

    • Define a clear strategy execution process with detailed steps
    • Identify operational initiatives that support the strategic plan
    • Assign roles and responsibilities for the execution of the strategy
    • Develop a work plan with clear timelines and key milestones
    • Ensure resource allocation is aligned with strategic priorities
    • Establish performance measures to evaluate strategy execution effectiveness
    • Use the SWOT analysis to adapt and refine the strategy execution process
    • Incorporate feedback loops to make data-driven adjustments
    • Leverage industry best practices to enhance strategy execution
    • Create a communication plan to keep stakeholders informed throughout the process
smart-strategyalignmentstrategy-designerperformance-evaluatorstrategic-planning-teamexecution-team
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Strategies and tactics for defining strategic goals

  • ⛳️ Strategy 1: Conduct a SWOT analysis

    • Identify and list the organisation's strengths
    • Determine and document the organisation's weaknesses
    • Research and outline potential opportunities in the market
    • Identify and note any current threats facing the organisation
    • Gather input from key stakeholders during the process
    • Analyse the gathered data to find patterns and insights
    • Summarise findings in a comprehensive report
    • Use the analysis to inform goal setting
    • Share findings with the broader organisation
    • Revisit and update the SWOT analysis annually

  • ⛳️ Strategy 2: Set SMART goals

    • Define specific goals that align with the company's vision
    • Ensure goals are measurable with clear criteria for success
    • Verify goals are achievable and realistic within available resources
    • Confirm each goal is relevant to company values and long-term objectives
    • Establish a time frame for achieving each goal
    • Assign responsibility for each goal to appropriate team members
    • Break down goals into smaller, actionable tasks
    • Review goals regularly and adjust as necessary
    • Communicate progress towards goals across the organisation
    • Celebrate milestones and recognise team achievements

  • ⛳️ Strategy 3: Engage employees in goal setting

    • Create opportunities for employees to participate in goal setting
    • Facilitate workshops or brainstorming sessions for idea generation
    • Encourage cross-departmental collaboration in setting goals
    • Develop a feedback system for employees to share insights
    • Form diverse committees to oversee goal implementation
    • Provide training to align everyone with the strategic objectives
    • Set up regular meetings to discuss progress and barriers
    • Incorporate employee suggestions where feasible
    • Publicly recognise and reward contributions to goal achievement
    • Conduct periodic surveys to gauge employee engagement and adapt accordingly
swot-analysissmart-goalsstrategy-plannerbusiness-analystexecutive-teamhr-team
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Strategies and tactics for offering accurate Forex trading signals

  • ⛳️ Strategy 1: Utilise support and resistance levels

    • Identify key support and resistance levels on the currency pair charts
    • Use historical data to confirm the significance of these levels
    • Schedule regular reviews to update the levels as market conditions change
    • Set alerts for when price approaches these levels
    • Utilise support as a buy signal when the price bounces off it
    • Utilise resistance as a sell signal when the price reverses from it
    • Combine with volume analysis to confirm strength of bounce
    • Employ stop-loss orders slightly beyond these levels
    • Backtest this approach using historical data for effectiveness
    • Adjust strategy based on the backtest results

  • ⛳️ Strategy 2: Incorporate smart money concept

    • Study market patterns indicating accumulation or distribution by institutional players
    • Use volume analysis to identify potential smart money activity
    • Monitor for false breakouts as potential smart money traps
    • Set a watchlist for major currency pairs most influenced by institutional traders
    • Look for major price moves following muted periods as smart money involvement
    • Integrate smart money analysis with support and resistance levels
    • Use smart money signals to confirm buy or sell decisions
    • Educate on institutional strategies and their common patterns
    • Develop an alert system for when smart money activity is detected
    • Constantly refine understanding with ongoing market education

  • ⛳️ Strategy 3: Analyse fair value gaps

    • Identify gaps between market closing and opening prices that indicate fair value gaps
    • Use high volatility periods to spot significant fair value gaps
    • Mark historical fair value gaps for future reference
    • Watch for prices returning to fill these gaps as potential entry points
    • Integrate fair value gaps with support and resistance for signal confirmation
    • Backtest fair value gap trading to ensure reliability of signals
    • Implement entry and exit strategies around fair value gaps
    • Utilise software tools for accurate identification of gaps
    • Stay updated on economic news that might affect fair value gap formation
    • Use fair value gaps in combination with smart money concepts for strengthened signals
forex-tradinganalysistradermarket-analysttrading-teamresearch-team
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Strategies and tactics for preparing a smart strategic plan

  • ⛳️ Strategy 1: Define clear and measurable goals

    • Review and summarise each section of the content list to identify key themes
    • Use the SWOT analysis to identify potential opportunities and threats
    • Establish specific, measurable, achievable, relevant, and time-bound (SMART) goals
    • Align goals with the vision, mission, and values outlined in the content
    • Define key performance indicators to measure success
    • Prioritise goals based on potential impact and alignment with strategic initiatives
    • Identify any resource constraints that may impact goal achievement
    • Communicate goals clearly to all stakeholders
    • Set up regular review meetings to assess progress against goals
    • Adjust goals as necessary based on performance data and changing circumstances

  • ⛳️ Strategy 2: Develop detailed action plans for execution

    • Create a work plan based on established timelines for each strategic initiative
    • Assign responsibilities to sponsors and champions for each goal
    • Identify specific resources required to execute each initiative
    • Develop contingency plans to mitigate potential risks
    • Integrate best practices from the industry into action plans
    • Establish a communication plan to ensure transparency and alignment
    • Implement a project management tool to track progress and manage tasks
    • Schedule regular check-ins to monitor execution and address issues
    • Document lessons learned for continual improvement
    • Celebrate milestones achieved to maintain momentum and motivation

  • ⛳️ Strategy 3: Monitor and evaluate performance rigorously

    • Implement a performance measurement system to track progress
    • Use performance data to evaluate the effectiveness of strategic initiatives
    • Conduct regular strategy review sessions with key stakeholders
    • Adjust strategies and action plans based on performance outcomes
    • Incorporate feedback from team members and stakeholders into evaluations
    • Benchmark against industry best practices to identify areas for improvement
    • Report progress consistently to sponsors and champions
    • Recognise and reward achievements to reinforce positive outcomes
    • Ensure that performance measures are aligned with strategic objectives
    • Use findings from evaluations to inform future strategic planning cycles
strategic-planninggoal-settingproject-managerstrategistleadership-teamperformance-evaluation-team
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Strategies and tactics for raising Public Awareness, Engaging Policymakers, and Building Community Support for Harm Reduction

  • ⛳️ Strategy 1: Raise public awareness

    • Organise public awareness campaigns about harm reduction
    • Leverage social media platforms to disseminate information
    • Create informative content such as brochures and pamphlets
    • Partner with local media to highlight harm reduction stories
    • Conduct community workshops and seminars
    • Develop a website dedicated to harm reduction information
    • Use storytelling to share real-life experiences and successes
    • Collaborate with influencers and community leaders
    • Participate in public events and fairs
    • Distribute educational materials in public spaces

  • ⛳️ Strategy 2: Engage policymakers

    • Schedule meetings with key policymakers and stakeholders
    • Present well-researched data and case studies on harm reduction
    • Develop policy briefs and position papers
    • Invite policymakers to community events and workshops
    • Gather support from international organisations
    • Conduct advocacy training for local advocates
    • Form an advocacy coalition with aligned organisations
    • Use media advocacy to influence policy debates
    • Host roundtable discussions with policymakers
    • Monitor policy developments and respond with advocacy actions

  • ⛳️ Strategy 3: Build community support

    • Establish community working groups focused on harm reduction
    • Provide training for community health workers
    • Foster partnerships with local NGOs and community-based organisations
    • Develop peer education programmes
    • Organise community forums to discuss harm reduction needs
    • Create support networks for affected individuals and families
    • Involve religious and cultural leaders in advocacy efforts
    • Hold regular town hall meetings to gather community feedback
    • Implement harm reduction services and pilot programmes
    • Evaluate community programmes and share success stories
harm-reductionpublic-awarenesspolicymakercommunity-health-workeradvocacy-coalitioncommunity-working-group
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How to track your Smart Strategy strategies and tactics

Having a plan is one thing, sticking to it is another.

Setting good strategies is only the first challenge. The hard part is to avoid distractions and make sure that you commit to the plan. A simple weekly ritual will greatly increase the chances of success.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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