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My Introspective

by Laurus Nobilis
My BrainCast

Human Resources

Basic Skills: Strategic Thinking (E)

 

Strategic Thinking

 

 

 


What is the role of Strategic Thinking? What are the tips for development of Strategic Thinking?

 

Posted: Jun 2009


 

Strategic Thinking is the part of Ability to Lead group of basic skills. This skill is primarily managerial skill. The importance of this skill grows with the rank within hierarchy.

Person with developed Strategic Thinking skill considers broader business context and is able to develop and communicate objectives and requirements.  

 

Key Behavioral Indicators

  • Maintains an in-depth understanding of the organization's strengths, weaknesses, and accessible resources.

  • Adopts a long range perspective and can integrate seemingly unrelated facts and processes and draw value-added conclusions.

  • Ensures that the pressure of day-to-day operations does not interfere with the strategic planning process. 

  • Considers organizational views, objectives, culture and impact in the short and long term when making decisions.

  • Understands the effects of external market forces (e.g. customers, partners, suppliers, political and regulatory environment, competitors) on business decisions.

  • Understands the "current reality" when developing strategy to achieve the destination.

  • Sets milestones appropriate to the strategy established 

 

Strategic Thinking is the part of Ability to Lead group of basic skills. This skill is primarily managerial skill. The importance of this skills grows with the rank within hierarchy.

 

Person with developed Strategic Thinking skill considers broader business context and is able to develop and communicate objectives and requirements.  



Tips for Development

  • Identify patterns or connections between situations that are not obviously related to identify key themes or underlying issues in complex situations.

  • Don't view each problem, challenge or opportunity as a unique event. Rather gather data, reflect on the situation and use your knowledge, skills and experience to explain the current situation you are facing. Develop new conceptual models to better understand the situation.

  • Read business case studies to develop strategic thinking and to see how others achieved success in new or complex situations.

  • Analyze problems and opportunities from a broad organizational perspective rather than focusing solely on your area of responsibility. Help others think "big picture" and realize those actions that they take in one part of the organization impact other parts of the organization and the organization as a whole.

  • Avoid reacting to symptoms of problems. Dig deep to identify root cause(s) and take appropriate corrective action.

  • Read business case studies to develop systemic thinking and to see how others achieved success in new or complex situations.

  • Broaden the kinds of materials that you read and look for linkages between seemingly unconnected trends and ideas. In addition to books and articles on business, leadership and innovation, consider reading history, drama, fiction and scientific works to spark your creativity in new directions. Consider reading biographies of well-known innovators and reading detective stories.

  • To gain a broader perspective in issues and problems, apply the suggestions below to current/future projects or issues.

  • Write your answers and learning in a project or personal log.

  • Share your findings and learning with your mentor, manager and/or subordinates on a regular schedule.

 

 

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