Quick Answer: How Can I Sharpen My Strategic Thinking?

What are the six elements of strategic thinking?

Six common components include: 1) tools for analysis; 2) strategic purpose; 3) values; 4) vision; 5) key goals; and 6) action planning.

We will review each of the components below.

There are a number of different tools used for analysis in strategic conversations..

What is the opposite of strategic thinking?

Most leaders would agree that without strategic thinking, there would be no basis on which to guide operations. … But you can make the opposite case just as convincingly: without operational thinking, there would be no way to put those innovative strategies into action.

What makes a person strategic?

“Being strategic” requires a sense of confidence in one’s decision-making process which cannot be founded on 100% proof of concept. “Being strategic” means being perceptive, future-oriented, open-minded, proactive, working off the front-foot, and making and taking decisions based on evidence and calculated hunches.

How do you test strategic thinking in an interview?

Instead, use one of these six interview approaches.Give Them a Real Problem to Solve. … Ask Them to Review a Flawed Strategic Plan and Identify Potential Problems. … Ask Specific Interview Questions. … Look for Strategic Phrases Within the Answers to Your Standard Interview Questions.More items…•

How do you develop strategic thinking skills?

Improving your strategic thinking skillsBe proactive. Understanding that strategic thinking is all about being prepared for the future, take initiative and do things before you’re asked to, or you need to respond reactively. … Understand counter arguments. … Constantly optimise. … Keep up-to-date with news and trends.

What does strategic thinking look like?

Strategic thinkers do it differently. They understand and dig deeper with regards to analyzing processes, developing and applying performance metrics, collecting data and producing analytics to make more informed decisions. Strategic thinkers have high levels of critical thinking skills.

What is the difference between critical thinking and strategic thinking?

Critical Thinking is a toolset, a methodology, and a process that you use during activities such as problem solving, decision making, innovation, leading, negotiating, influencing, and more. … Strategic Thinking is thinking beyond the specific issue or task at hand.

What are the strategic thinking tools?

Strategic Thinking ToolsPESTLE analysis.Porter’s Five Forces.McKinsey 7 S model.SWOT analysis.

How do you calculate strategic value?

The stand alone value of a business can be calculated by working out the net present value of the future stream of earnings which the business in its own right could generate. Any premium paid above this by the buyer is considered to be the value of the strategic value of the business.

How do you become strategic in classroom?

7 Effective Teaching Strategies For The ClassroomVisualization. Bring d ull academic concepts to life with visual and practical learning experiences, helping your students to understand how their schooling applies in the real-world. … Cooperative learning. … Inquiry-based instruction. … Differentiation. … Technology in the classroom. … Behaviour management. … Professional development.

How do you measure strategic thinking?

3 Ways to measure the value of strategic thinkingPlanning: One quality in strategic thinking is the ability to see the complete picture. … Focus: Where planning is about resource allocation, focus is about people allocation. … Evaluation: Strategic thinking opens the organization up to new ideas.

What is the importance of strategic thinking?

The purpose of Strategic Thinking is to create a strategy that is a coherent, unifying, integrative framework for decisions especially about direction of the business and resource utilization. To do it, Strategic Thinking uses internal and external data, qualitative synthesis of opinions and perceptions.

What are the strategic capabilities?

Strategic capability includes resources and competences that a firm utilises to compete in its business environment. It can therefore constitute a firm’s strengths and weaknesses, and be a source of competitive advantage or disadvantage over its rivals.

Can you learn strategic thinking?

Anyone can develop and competently practice the skill of strategic thinking. … Everybody in an organization can and should be thinking strategically. Strategic Thinking Enhances Personal Leadership. People demonstrate leadership when they choose to step into the leadership zone.

What is meant by strategic thinking?

Strategic thinking is simply an intentional and rational thought process that focuses on the analysis of critical factors and variables that will influence the long-term success of a business, a team, or an individual. … This sort of thinking must account for economic realities, market forces, and available resources.

Is strategic thinking a skill?

Strategic thinking skills are any skills that enable you to use critical thinking to solve complex problems and plan for the future. These skills are essential to accomplish business objectives, overcome obstacles, and address challenges—particularly if they’re projected to take weeks, months, or even years to achieve.