Introduction to Strategic Thinking
A. understand what strategic thinking is and why it is important;
B. identify the skills and competences related to strategic thinking and get ideas on how to improve them.
Strategic thinking is a process that defines the manner in which people think about, assess, view, and create the future for themselves and others.
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One of the keys to becoming a great leader is to constantly improve your strategic thinking, so you can adjust to new global realities. Yet with time limits and stress from work and family, managers often feel they don’t have the time to improve. That is a mistake.
Your own career and the future of your company depend on your strategic thought and its constant improvement.
A study of more than 10,000 executives showed that strategic thinking is the #1 most important leadership competency today. But, only 23 percent of managers are strategic.
Learn more about strategic thinking, it's importance and the skills that a strategic thinker should develop!
Strategic thinking can be defined as “the ability to generate insights on a continual basis to achieve competitive advantage.”
An insight is when you combine two or more disparate pieces of information in a unique way to create a new approach. The insight provides you with an understanding of the true nature of the issue at hand.
Watch the Former British Prime Minister Tony Blair discusses the advice he received from Bill Clinton about the need to schedule time to think strategically. Do you have time to think strategically?
Learn about the habits of True Strategic Thinkers in the interview with Howard Schultz, CEO of Starbucks.
How to develop the habit of everyday strategic thinking and as well as seven questions that will help you get out of the daily activity trap and think more strategically.
TIPS AND TRICKS:
Try these three approaches to improve your strategic thinking skills:
1. Constantly question your own opinions. Seek out information that contradicts your point of view and you’ll end up with a more complete view of any situation.
2. Include people with diverse areas of expertise on your team. Their different thinking styles and bodies of knowledge will complement your own—and improve your work.
3. Get out of the office. Whether it’s going for a short walk or traveling to a new destination, when you give yourself a break from work to reflect, you can gain valuable new perspectives.
Strategic thinking is one of the most important leadership competences and helps achieve competitive advantage.
Strategic thinking is not the same as critical thinking, creative thinking, visionary thinking or strategic planning.
Everybody can develop strategic thinking skills by improving their ability to anticipate, critical thinking and observation skills, being open to discussion and learning, learning, learning.
THINK OF SOME ANSWERS TO THE FOLLOWING QUESTIONS:
Why strategic thinking is important to my business?
What are my own strengths and weaknesses related to strategic thinking?
How may I improve my strategic thinking skills?