Strategic Thinking & Planning
To be an effective leader, it is important for you to improve your strategic thinking by:
- imagining the ideal outcomes you want for the business, then
- working backwards to develop steps to achieve your vision
Here are 3 simple steps to get you started:
- Force yourself to think strategically beyond the tactical thinking you often use to achieve weekly, monthly and quarterly goals.
- Plan strategically by considering:
- how your organisation will look like and be structured in future
- your observations of processes and problems beyond “on the ground”
- driving forces that will make your ideal outcomes happen, e.g. vision, mission, values, incentives, empowerment, etc.
- your business intent, e.g. whether to be market leader or follower, a low cost or high value player, key targets and timeframe, etc.
- Develop your strategic vision by defining your ideal position. This should include:
- conditions that are necessary for your business to be productive
- the niche in the marketplace that your business will fill
- opportunities that exist both currently and in the future
- strategies you will use to achieve your vision
Good strategic thinking should challenge assumptions about your business. Even more, it should uncover potential or previously unrecognised opportunities.