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10 strategies and tactics for Finance

What is Finance strategy?

Team success often hinges on the ability to develop and implement effective strategies and tactics. It's a bit like playing chess, except that you have more than 1 player on each side.

Identifying the optimal Finance strategy can be challenging, especially when everyday tasks consume your time. To help you, we've assembled a list of examples to ignite your creativity.

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

How to write your own Finance 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.

Finance strategy examples

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

Strategies and tactics for enhancing Efficient Business Operations for Tasting Matters

  • ⛳️ Strategy 1: Streamline order and payment processes

    • Set up automated WhatsApp responses for order confirmations
    • Create a Google Forms link for order placements to feed directly into a centralised sheet
    • Train staff on capturing transactions and collections in real-time through an easy mobile form
    • Use Yoco's API to automatically record card transactions in a Google Sheet
    • Develop an automated reminder system for order collections
    • Implement a simple loyalty programme to encourage repeat orders
    • Set up a bi-weekly check-in via WhatsApp reminders to encourage repeat orders
    • Integrate Google Sheets with Whatsapp Business for concise customer tracking reports
    • Introduce a simple budgeting sheet for tracking expenses related to orders
    • Create an efficient alert system for low-stock products

  • ⛳️ Strategy 2: Enhance market presence and optimize sales strategy

    • Schedule recurring monthly market appearances to ensure income stability
    • Introduce a customer feedback system using Google Forms to gather market insights
    • Analyse customer data to identify best-selling pies and adjust production priorities
    • Prepare a marketing calendar focusing on high-impact sales periods like December
    • Train staff to handle market setups and sales autonomously to free up Christine's time
    • Design a digital marketing flyer with unique selling points to distribute before markets
    • Utilise digital QR codes on flyers for easy access to WhatsApp catalogues
    • Create a market-specific promotional offer to attract new customers
    • Utilise platforms like Canva to create engaging social media posts pre-market days
    • Set up a partnership with local coffee shops to boost brand visibility

  • ⛳️ Strategy 3: Implement efficient business and financial management systems

    • Develop a Google Drive system for organised document storage and sharing
    • Set up a Financial Snapshot template to simplify monthly financial tracking
    • Automate monthly financial reports via Google Sheets for quick business insights
    • Create a clear business plan outline to guide future expansion efforts
    • Incorporate regular strategic reviews focusing on business goals and market dynamics
    • Establish a clear governance structure with defined roles for all team members
    • Schedule bi-monthly progress check-ins to adjust priorities and assess output
    • Create attractive, engaging branding elements for consistent usage in all materials
    • Conduct a bi-annual strategy workshop to refine vision and adjust goals
    • Activate an emergency cash buffer for business stability in unforeseen circumstances
order-automationmarket-optimizationmarketing-manageroperations-managersales-teamfinancial-analysis-team
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Strategies and tactics for developing a Strategic Framework for University Growth

  • ⛳️ Strategy 1: Enhance Campus Infrastructure and Facilities

    • Upgrade and decorate lecture rooms and seminar spaces
    • Expand and upgrade medical, engineering, and IT laboratories
    • Develop a new library expansion project
    • Establish a second medical laboratory
    • Install a robust IT structure with green and sustainable technology
    • Open a new campus branch in a strategic location
    • Replace and upgrade university's transport vehicles
    • Collaborate with public and private sectors for infrastructure investment
    • Implement eco-friendly practices in all campus operations
    • Develop and enforce strong health and safety guidelines

  • ⛳️ Strategy 2: Foster Academic Growth and Student Engagement

    • Revise and enhance the academic curriculum regularly
    • Introduce student empowerment and development programs
    • Integrate co-curricular activities to promote holistic learning
    • Provide mentoring and tutoring systems for student support
    • Expand transformational education experiences with global outreach
    • Implement a comprehensive enrolment management plan
    • Offer competitive scholarships and financial aid
    • Encourage community engagement through volunteering and projects
    • Foster an inclusive and collaborative educational environment
    • Implement quality recruitment processes for diverse and skilled faculty

  • ⛳️ Strategy 3: Strengthen Research and Resource Management

    • Prioritise socio-economic research in university's agenda
    • Create partnerships with local and international organisations
    • Develop a strategic financial plan for sustainable funding
    • Enhance the university's internal and external communication
    • Introduce a robust monitoring and assessment framework
    • Cultivate a culture of continuous improvement and innovation
    • Strengthen the support for research activities and infrastructure
    • Develop a resource utilisation policy for efficiency
    • Organise seminars and workshops to showcase research
    • Provide training for staff on resource management and efficiencies
infrastructure-improvementacademic-excellenceuniversity-administratorcurriculum-developerinfrastructure-developmentacademic-affairs
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Strategies and tactics for preparing a comprehensive mall review strategy

  • ⛳️ Strategy 1: Establish a robust mall management structure

    • Appoint a mall general manager to oversee overall operations
    • Set up specialized departments for operations, leasing, marketing, and finance
    • Designate managers for each department to ensure focused leadership
    • Implement weekly cross-departmental meetings for alignment on objectives
    • Create clear reporting structures with department heads reporting to the general manager
    • Conduct quarterly reviews of the management structure to identify areas for improvement
    • Develop a succession plan to maintain leadership continuity
    • Integrate communication and project management tools for improved collaboration
    • Organize bi-annual team-building activities to strengthen team dynamics
    • Set up performance evaluation criteria for department heads

  • ⛳️ Strategy 2: Maximize tenant occupancy through strategic lease management

    • Establish a dedicated leasing department for managing tenant relations
    • Develop a tenant mix strategy to balance retail, F&B, and service stores
    • Introduce a lease expiry management system for timely renewals and negotiations
    • Set up KPIs for monitoring occupancy rate, lease terms, and tenant satisfaction
    • Conduct market research to identify potential new tenants and sectors to enhance the mall's offering
    • Review and adjust lease terms to reflect current market conditions
    • Implement a feedback system for tenants to express needs and concerns
    • Organize regular tenant meetings to discuss and negotiate leasing issues
    • Provide incentives for anchor tenants to ensure long-term occupancy
    • Develop a contingency plan for managing high vacancy rates

  • ⛳️ Strategy 3: Enhance financial transparency and operational efficiency

    • Set up a finance and accounting department for revenue and cost management
    • Implement monthly financial reporting to track profitability and operational costs
    • Introduce a centralized billing system for tenant payments
    • Automate vendor and supplier payments to optimize cash flow
    • Conduct regular financial audits to ensure accuracy and compliance
    • Establish an expense management policy for cost control
    • Analyze financial data to identify trends and areas for cost reduction
    • Train staff in financial literacy to enhance fiscal responsibility
    • Create an annual budget plan aligning with mall objectives
    • Integrate accounting software for streamlined financial operations
mall-managementtenant-occupancygeneral-managerleasing-managerfinance-departmentleasing-department
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Strategies and tactics for enhancing Human Rights Protection and Promotion

  • ⛳️ Strategy 1: Expand Access to Justice

    • Develop and distribute basic legal knowledge materials in local languages
    • Set up free and culturally adapted legal assistance services in rural, peri-urban, and post-conflict areas
    • Partner with local NGOs and community leaders to identify and address justice access barriers
    • Train community paralegals to offer legal aid within their communities
    • Launch awareness campaigns about legal rights and services available
    • Establish mobile legal clinics for remote areas
    • Create hotline services for immediate legal advice
    • Advocate for state support in justice accessibility initiatives
    • Monitor and evaluate the effectiveness of legal assistance programs
    • Facilitate workshops with legal professionals to discuss rights protection

  • ⛳️ Strategy 2: Empower Community Human Rights Defenders

    • Identify young and female human rights defenders from marginalised groups
    • Organise regular training sessions on human rights and legal advocacy
    • Provide mentorship programs pairing new defenders with experienced ones
    • Create peer-to-peer support networks for shared learning and resource exchange
    • Facilitate workshops on community mediation and accountability
    • Provide resources for human rights educational materials
    • Schedule monthly follow-ups to assess progress and address challenges
    • Build partnerships with regional and international human rights organisations
    • Develop digital platforms for sharing insights and experiences
    • Host annual conferences to recognise and motivate defenders

  • ⛳️ Strategy 3: Integrate Legislative Reforms

    • Conduct research to identify legislative gaps affecting vulnerable communities
    • Engage stakeholders in participatory reform processes
    • Draft inclusive legislative proposals based on evidence
    • Advocate for the adoption of proposed reforms through targeted campaigns
    • Establish a coalition of civil society organisations to support reform efforts
    • Organise public consultations to gather community input
    • Use data to illustrate the need for change in policy discussions
    • Collaborate with lawmakers to present reform proposals
    • Create informational campaigns to educate the public on proposed reforms
    • Monitor and report on the implementation of new laws
human-rightsjustice-accesscommunity-paralegalhuman-rights-defenderlegal-assistance-networklegislative-reform-coalition
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Strategies and tactics for implementing OKRs in the Finance Department

  • ⛳️ Strategy 1: Define clear objectives

    • Conduct a meeting with finance team members to identify priorities for the upcoming quarter
    • Analyse past financial performance to determine areas needing improvement
    • Set three to five clear and measurable objectives for the finance department
    • Align finance objectives with overall company goals
    • Ensure that each objective is challenging yet achievable
    • Draft a document listing proposed objectives for review
    • Gather feedback from finance team on proposed objectives
    • Revise objectives based on team feedback
    • Present finalised objectives to leadership for approval
    • Communicate approved objectives to the finance team

  • ⛳️ Strategy 2: Draft measurable key results

    • Identify quantifiable metrics that align with each objective
    • Consult with team leaders to ensure key results are challenging yet realistic
    • Ensure key results include specific numbers or dates for assessment
    • Draft initial key results and share them with the finance team for input
    • Rework key results based on team feedback
    • Align key results to support achieving finance department objectives
    • Establish methods of tracking each key result consistently
    • Set up a shared digital workspace for OKR tracking
    • Publish finalised key results in the team’s communication platform
    • Tell the team about the importance of tracking and achieving key results

  • ⛳️ Strategy 3: Monitor progress regularly

    • Schedule weekly meetings to review progress on OKRs
    • Assign responsibility for each key result to specific team members
    • Create a dashboard to visualise progress towards key results
    • Set up reminders and updates for milestone deadlines
    • Recognise and celebrate small wins as they occur
    • Conduct monthly check-ins on OKR progress to adjust strategies as needed
    • Address obstacles hindering progress during meetings
    • Provide additional resources or support for key results lagging behind
    • Document learnings from ongoing OKR implementation
    • Prepare a quarterly review report to present to leadership on OKR outcomes
performance-enhancementtransparencyteam-leadersfinance-team-membersfinance-departmentleadership-team
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Strategies and tactics for establishing a 10-Year Strategic Plan for HKMH Incorporated Land Group

  • ⛳️ Strategy 1: Empower economic growth for customary landowners

    • Conduct customary landowner workshops to understand their needs and goals
    • Develop a landownership equity scheme for HKMH ILG in commercial ventures
    • Facilitate access to development finance institutions
    • Initiate projects supported by international donors
    • Implement government grant writing training for community leaders
    • Reinvest 40% of profits into local social programmes
    • Establish a community trust fund for health, education, and infrastructure
    • Collaborate with stakeholders for equitable profit sharing
    • Develop monitoring and evaluation frameworks for economic projects
    • Launch campaigns on the benefits of economic empowerment

  • ⛳️ Strategy 2: Diversify and sustainably utilise natural resources

    • Conduct feasibility studies for agriculture and fisheries
    • Initiate organic certification processes for farms and processing
    • Develop supply chains for fishery and agriculture products
    • Establish community marine conservation zones
    • Partner with research institutions for R&D in renewables and agriculture
    • Launch education campaigns on sustainable practices
    • Integrate cultural heritage into eco-tourism planning
    • Create youth agri-cooperatives to promote agriculture involvement
    • Develop infrastructure for processing and value addition
    • Ensure compliance with environmental, social, and governance policies

  • ⛳️ Strategy 3: Enhance community participation and workforce development

    • Conduct regular community meetings to involve stakeholders
    • Implement local hiring priorities for present projects
    • Design annual youth upskilling programmes
    • Collaborate with educational institutions for workforce training
    • Create public awareness campaigns about development projects
    • Establish partnerships with local businesses for community projects
    • Launch mentoring programmes for young entrepreneurs
    • Incentivise local businesses that collaborate with community projects
    • Set up feedback mechanisms to improve project engagement
    • Implement digital tools for real-time monitoring and community feedback
sustainable-developmenteconomic-empowermentcommunity-leaderproject-managerdevelopment-teamfinance-team
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Strategies and tactics for developing a Manufacturing Manager for Promotion Readiness

  • ⛳️ Strategy 1: Enhance Leadership Skills

    • Identify specific leadership traits required for a managing director and assess current proficiency
    • Enrol the manager in advanced leadership training courses
    • Organise mentorship with current managing directors within the industry
    • Facilitate participation in leadership seminars and networking events
    • Provide opportunities for leading cross-departmental projects
    • Implement regular 360-degree feedback sessions
    • Encourage active participation in board meetings and strategy sessions
    • Assign the manager to lead a corporate social responsibility project
    • Develop problem-solving and crisis management exercises
    • Set measurable goals for leadership skill improvement

  • ⛳️ Strategy 2: Broaden Financial Acumen

    • Provide training on financial analysis and management accounting
    • Assign a finance mentor to guide through key financial principles
    • Involve in the preparation of departmental budgets and forecasts
    • Review and analyse financial statements with the finance team
    • Participate in cost reduction and profit maximisation projects
    • Attend workshops on economic trends impacting the industry
    • Encourage certification in financial management, such as CIMA or ACCA
    • Assign financial performance review meetings with executives
    • Pass on responsibility for financial risk assessments in their department
    • Set KPI's to assess financial decision-making capabilities

  • ⛳️ Strategy 3: Expand Industry Knowledge and Networks

    • Subscribe to leading industry publications and ensure regular updates
    • Attend key conferences and trade shows related to the industry
    • Encourage joining a professional industry association
    • Set goals for networking with industry thought leaders and peers
    • Identify and study key trends and innovations affecting the sector
    • Facilitate visits to other manufacturing plants and facilities
    • Engage in regular discussions with suppliers and partners
    • Set up informational interviews with CEOs from different sectors
    • Target involvement in collaborative projects with industry groups
    • Keep a reflective journal documenting industry learnings and insights
leadership-trainingfinancial-acumenmanaging-directorfinance-mentorfinance-teamindustry-groups
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Strategies and tactics for improving financial management

  • ⛳️ Strategy 1: Optimise cash flow management

    • Implement regular cash flow forecasting to understand future financial positions
    • Establish a centralised process for managing accounts receivable and payable
    • Negotiate better payment terms with suppliers to enhance cash flow
    • Schedule automatic reminders for outstanding invoices to ensure timely payments
    • Develop a cash reserve policy to manage unexpected expenses
    • Utilise technology to track cash flow in real-time
    • Regularly review and adjust cash flow strategies to respond to business needs
    • Implement training for staff on cash management practices
    • Conduct periodic analysis of cash flow reports to identify patterns
    • Incorporate cash flow management KPIs in financial reporting

  • ⛳️ Strategy 2: Enhance budgeting processes

    • Develop a comprehensive budgeting framework across all departments
    • Set realistic and achievable financial goals linked to strategic objectives
    • Use historical financial data to inform budget forecasting
    • Engage department heads in the budgeting process for alignment
    • Implement a rolling budget approach to accommodate changing business dynamics
    • Integrate budgeting software for accuracy and efficiency
    • Establish a budget review cycle to track progress and variances
    • Provide training for staff on budget management and analysis
    • Incorporate performance-based incentives linked to budget adherence
    • Utilise scenario planning to prepare for financial uncertainties

  • ⛳️ Strategy 3: Strengthen financial reporting and analysis

    • Create standardised templates for financial reporting
    • Schedule regular financial audits to ensure compliance and accuracy
    • Invest in data analytics tools for deeper financial insights
    • Foster a culture of financial transparency across the organisation
    • Ensure timely dissemination of financial reports to key stakeholders
    • Set up dashboards for real-time financial monitoring
    • Conduct training sessions on interpreting financial data
    • Establish key financial KPIs to track organisational health
    • Engage in benchmarking against industry standards
    • Review financial reports regularly to inform decision-making
finance-optimizationreportingfinancial-analystbudget-managerfinance-teamaccounting-team
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Strategies and tactics for improving Business Performance

  • ⛳️ Strategy 1: Conduct a comprehensive audit

    • Review website for mobile optimization and ensure all features are functional on mobile devices
    • Test website usability monthly using both phone and computer
    • Ensure the phone number is placed prominently, in bold, and is clickable
    • Update website to include visible and functional social media links
    • Schedule and execute at least two targeted email campaigns to clients each month
    • Gather data to determine consultation closing ratios and begin tracking
    • Develop a plan to implement cross promotions instead of discounting
    • Evaluate current use of Google PPC and explore optimisation options
    • Identify the average revenue from sold consultations
    • Analyse patient retention trends and set improvement goals

  • ⛳️ Strategy 2: Optimise operational efficiency

    • Schedule regular weekly or monthly staff meetings
    • Evaluate ratio of long-term versus new employees and set goals for improvement
    • Educate staff about company mission and vision through workshops
    • Design and implement a formalised consultation process
    • Review and update position descriptions for all staff members
    • Introduce team or individual bonuses based on performance metrics
    • Provide staff with complimentary treatments to encourage engagement
    • Implement an attractive retail commission structure
    • Conduct annual reviews for all employees to give feedback and set development goals
    • Create detailed Standard Operating Procedures (SOPs) for key processes

  • ⛳️ Strategy 3: Enhance financial health

    • Track annual revenue growth and set ambitious but realistic goals
    • Aim to exceed an annual revenue of $1 million if not already achieved
    • Set and monitor monthly sales targets segmented by service type
    • Develop a robust bonus structure for exceeding sales goals
    • Implement a quarterly review of all business expenses
    • Ensure labor costs remain under 30% of total income
    • Maintain marketing expenses within 5% to 15% of total income
    • Calculate and enhance marketing ROI
    • Measure staff productivity and hourly output to identify improvement areas
    • Determine current facility revenue capacity and plans for maximisation
business-operationsfinancial-performancemarketing-manageroperations-managerfinance-teammarketing-team
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Strategies and tactics for integrating Activities for a Legacy of Faith and Impact

  • ⛳️ Strategy 1: Build a unified organisational structure

    • Define roles and responsibilities across all entities under Baruka Jethro Inc.
    • Create a clear communication plan for seamless interaction between divisions
    • Establish key performance indicators for each division to track progress
    • Implement regular inter-division meetings to promote knowledge sharing
    • Develop a shared vision and mission statement for Baruka Jethro Inc.
    • Utilise shared resources to optimise efficiency across divisions
    • Create an organisational chart to visualise the interconnected structure
    • Allocate budget for shared technology infrastructure and operational tools
    • Implement a centralised digital platform for collaboration and project management
    • Schedule quarterly reviews to evaluate integration progress and adjust strategies as needed

  • ⛳️ Strategy 2: Strengthen family and organisational bonds

    • Initiate weekly Bible studies and family night activities
    • Establish a digital communication platform for family updates and collaboration
    • Organise quarterly family meetings to discuss family business and shared goals
    • Develop a family mission statement and core values document
    • Create a family investment trust to consolidate and expand resources
    • Launch pilot projects for family business expansions, leveraging existing resources
    • Ensure children are involved in family business discussions and learning activities
    • Plan family retreats focused on spiritual growth and bonding
    • Build language and technology proficiency with designated family learning tools
    • Implement a family calendar for shared activities and personal growth tracking

  • ⛳️ Strategy 3: Leverage digital platforms and global networks

    • Expand the digital presence of Elmeleckraah Ministry through social media
    • Partner with global ministries to organise international evangelisation campaigns
    • Utilise digital tools for managing and expanding Guardian Wings Foundation programmes
    • Host webinars and online workshops to attract consulting clients internationally
    • Network with international organisations for potential consulting projects
    • Develop an investment platform for Azjeet to showcase innovative approaches
    • Utilise data-driven approaches to attract donors and partners for GWF
    • Engage with blockchain innovators for potential partnerships with Azjeet
    • Strengthen global branding efforts with a focus on interconnectedness
    • Implement digital impact tracking for donor engagement in GWF
organisational-synergydigital-transformationproject-managercommunications-officerfamily-engagement-teamdigital-strategy-team
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How to track your Finance strategies and tactics

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

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

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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