True or false: A strategic roadmap should include business impact.A.TrueB.False
Question
True or false: A strategic roadmap should include business impact.
A. True
B. False
Solution
Answer: A. True
A strategic roadmap is a visual representation that outlines an organization's goals, processes, and the strategies required to achieve those goals over a specific timeline. Its primary purpose is to guide decision-making and ensure alignment across various departments. Including business impact in a strategic roadmap is essential because it allows stakeholders to understand the potential effects of strategic initiatives on the overall business performance.
Business impact encompasses the tangible and intangible benefits that arise from implementing the strategies outlined in the roadmap. This could include revenue growth, cost savings, market share expansion, or improvements in customer satisfaction. By integrating business impact, the roadmap helps prioritize initiatives based on their potential returns, ensuring that resources are allocated effectively and that the organization remains focused on achieving its overarching goals. Hence, the statement is true.
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