9 Reasons Why Every Business is Blind without a Roadmap PPT

Have you ever jumped from a crashing airplane assembling the parachute on the way down? 

Nah! Even, I haven’t. To be frank never even thought of doing it. 

However, starting a new business feels just like this and this feeling is mutual among all the new entrepreneurs stepping into the world of business. Maybe because each and every business is based on trials and errors. Nobody can predict the success of their business beforehand. One has to jump irrespective of their fear of falling.

This is where a Roadmap PPT comes in handy.

I know what you must be thinking. Roadmaps!  What will they do for my business?. They are simply some ugly roads with boring colors, just not what my business wants.

This is what I used to think as a layman. Roadmaps are just ‘Roads’ and ‘Maps’. But NO. It’s much more than that. It is your document of vision, the document of action and blueprint for success. 

“We're all pilgrims on the same journey-but some pilgrims have better roadmaps.”

If you want to explore the world of roadmaps and their uses and know why the most successful businessmen religiously roadmap their business journey, read further.

Who Roadmap- 

Roadmaps are strategic tools that help define a goal or the outcome that the company always desires to achieve. It a route map of all the important milestones, a summary, a synopsis, a guide showing us what needs to be done, how, when, why, by whom it will be done. 

Rome wasn’t built in a day and neither was it built without a roadmap. Even the greatest personalities had a roadmap to reach great heights. Similarly, every business requires a roadmap to flourish or even survive for that matter. 

In this post, you will get to know 9 reasons why a Roadmap PPT makes a good company great and a great company the best!

1. Gives a direction to the Business-A roadmap gives a direction in which the company should move to attain success. Since it provides a clear direction, it acts as a guide for the company by showing the path through which one should climb the mountain of success. 

By providing a clear idea it helps the team to change its direction if in case some risks or threats may occur. 

2. Identify and implement strategies-Roadmapping helps in formulating a good business plan to ensure a successful product line. It leads to cross-functional planning and therefore it helps the team to examine as well as implement competitive strategies. 

By using a Roadmap PPT you can devise an efficient plan to implement these strategies especially related to technology which is an integral part of any business. 

Roadmaps help the team to take appropriate usage and employment of the technology that the company possesses. 

3. Proper allocation of Resources-To achieve its priorities a company requires all its resources to be allocated properly in each and every level. 

Because of road mapping, the team is always working on its resources and allocating them in the best way possible. Therefore, there is no risk of misuse of these resources as they are put to optimum use by the team members. 

4. Setting Practical and Realistic Targets-Roadmapping helps in setting more practical and feasible targets for the company. If the company follows the guidelines then it can easily achieve these targets without any inconvenience. These targets may include product performance, industry-based targets, customer-based targets, etc. 

5. Understanding Complex Challenges-Sometimes the challenges appear too complex to understand and so it becomes impossible to face them. This especially happens in the case of new technology. With the advent of new technology, it is virtually impossible for the team members to anticipate or explain it. 

Roadmapping and sharing it with stakeholders can help the company to anticipate these complex challenges and convert them into comprehensible steps needed to meet these challenges. 

6. Communicating Plans to the shareholders, customers etc.-A roadmap helps the customers, management, suppliers, etc. to get acquainted with the company’s plans whether they are related to technology or products. It acts as a communication tool to clearly explain the direction of the company’s growth and progress to its customers and shareholders. 

It also gives information to the customers to initiate their own planning which can be used to postulate their guidance and reactions. 

In the case of suppliers, a roadmap helps to showcase the partnership setting.

7.  Build a successful development process-Roadmapping helps to build a successful and competent development process for the organization as it takes care of all the aspects needed in the development process. These aspects include initiating ideas, sharing the plan, the vision of the team, the mission of the organization etc. 

8. Measure achievements- Since roadmaps help in anticipating and displaying priorities in a timeline form, the team members can easily access their achievements. They can keep a track of which of the company’s goals have been achieved and which are yet to be achieved.  

They help in analyzing future scenarios and sharing them with important people. They also help in reflecting on a company’s history no matter how old it is and therefore celebrate the changes the company has gone through. 

9. Coping with the Competition-The biggest threat and a challenge that a company faces is from its competitors. It becomes a state of panic for the organization when a competitor launches a new product in the market.

In this case, roadmaps provide a blueprint to the organization to face its competitors. They help the team members to analyze whether their product is competent enough to beat the competitors or not. With this important knowledge, the organization can then decide whether they need to launch a new project or improvise their existing product to counteract the competitors.

Also Read: How to Deliver an Engaging PowerPoint Presentation

Conclusion-

No matter how small or big your organization is, you will always require a roadmap to achieve your goals. Without a roadmap, your company is likely to suffer

So, don’t forget to build own Roadmap using Roadmap PPT templates as a guideline which you can find on SlideTeam.