The strategy lifecycle is a framework that guides our work. We develop strategy, allocate resources, make grants, capture and share data on progress, reflect on lessons learned, and course-correct, as necessary. Essential to this process is ongoing dialogue with our grantees and partners, early in the planning process and throughout the strategy lifecycle.
Develop: Although not common at this stage of the foundation’s growth, new strategies may be developed when a major external change requires a fundamentally different approach. Occasionally, we also refresh our strategies. In a strategy refresh, we take a step back to thoroughly examine an existing strategy. It is an opportunity to reflect on progress made, define goals, and agree on a new path forward.
Execute: Each strategy includes a plan for execution—the investments, partner relationships and resources needed to achieve intended results. We work hard to move quickly through strategy development and focus on our core business of execution.
Measure: In order to learn and adjust along the way, we use scorecards and relevant data to track progress against our strategic outcomes. We also use evaluation to understand how we can support our partners’ execution and create actionable evidence about what works best to achieve programmatic outcomes.
Review: Strategy reviews allow us to reflect on progress, priorities, and problems that need to be resolved. Teams review strategies and execution annually with leadership—these reviews give us the chance to make adjustments based on what’s happening on the ground and what we’ve learned.
Adjust: Strategic adjustment and fine-tuning informed by results, evidence and grantee feedback is critical to ensuring that our view of the world accurately reflects changes in the environment and evolution of our partners.