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The Importance of a Milestone Chart

A milestone chart is an effective and powerful tool of Strategic Management. The milestone chart of your envisaged entrepreneurial journey leads to fulfillment of your entrepreneurial vision and provides a roadmap to strategic achievements. A milestone chart is also an important tool of internal and external communication with existing and prospective strategic partners... More



Entrepreneurial Strategies    Strategic Planning  ▪  Strategic Thinking





Multiple Users and Uses of a Milestone Chart

Founder: Thinking in terms of milestone events can help you see the big picture of your entrepreneurial journey and organize your strategies, activities and your available resources into a logical sequence of stages and steps. 

Venture Manager: Milestone-based thinking helps you create the most effective strategic business design of your venture, align it strategically, and define the priorities at each stage of your company’s development, growth, and operations.

Entrepreneurial Team: The milestone chart provides strategic alignment, strategic motivation, and intermediate stretch goals, and helps streamline ideation, strategic creativity and intellectual teamwork.

Venture Marketer: Externally, the milestone chart serves as a 30-seconds introduction of the venture to potential strategic partners and funders. It shows what you are attempting to do, why it is important, and how each activity relates to the required level of support and/or funding and to the likely payoff.

VC Investors: The milestone chart facilitates quick understanding of what the startup has achieved so far and what it is planning to achieve in future.

Strategic Manager: The milestone chart helps move effectively towards the strategic intent while and applying a holistic, synergistic, and balanced approach to business systems and practicing results-based leadership.



Strategic Creativity    Strategic Alignment  ▪  Strategy Implementation