Why Strategic Thinking is Critical
Leaders need to make informed decisions by strategically evaluating the situation, brainstorming potential solutions and analyzing the possibilities and outcomes.
Strategic people can see the connections between ideas, plans, and resources.
The good news is that to be more strategic, you don’t need a new title or new role. You need to practice being deliberate and planned in your thinking and actions.
Are you a strategic thinker?
Do you take the time to understand the global environment you’re working in?
Do you consider both the short-term and long-term when planning?
Do you look for opportunities rather than focus on the problems?
Do you incorporate multiple perspectives to make a decision?
Do you take the time to predict the possible outcomes of a decision?
If you’ve said no to any of the above, you may need to brush up on your strategic thinking skills.
4 Ways to Think More Strategically
1. Know your work environment inside-out
We tend to focus on our day-to-day role, rather than consider the business environment we’re working in. But you can’t be strategic if you don’t understand the big picture.
You need to know your company, your business, your competitors and the marketplace:
Take time learn and understand your company’s goals, vision and values. Most importantly, identify how your role contributes to each of these.
Stay up-to-date on news, laws and regulations that may impact your industry or your business. Learn what’s changing and why, and if you need to take action.
Research your company’s major competitors and other organizations in the environmental field. What are they doing well? What could be adopted? Where does your company stand and why?
Understanding the entire business environmental you work in will help you anticipate challenges and plan ahead.
2. Challenge your perspective
Acquiring strategic thinking skills requires you to consider multiple perspectives. This could include your staff, the client or other stakeholders.
Question everything instead of accepting information at face value.
Uncover biases and challenge current beliefs and mindsets. Just because you’ve always done something that way, doesn’t mean you should continue to.
Engage in “what-if” thinking. For example, “If we do this, what will our clients think? Is something we have not considered?”
Strategic thinkers are willing to change directions and pursue new goals when it makes sense to do so.
You’ll need to consider worst-case scenarios, long-term consequences and possibilities.
But you’ll need to leave your ego at the door. Don’t take it personal if your idea may need to shift to changing project conditions.
4.Make a Decision
Sometimes leaders need to take a stand and make a decision. You may not have all the information required to make the best decision, so you’ll need to arrive a “good enough” position.
You’ll need to make a decision based on what you know now. And to re-evaluate a decision when new information arises.
Don’t be a perfectionist. Balance timing, quality and practicality in your decision making.
Environmental Leaders are Strategic Thinkers
Build your strategic thinking skills by knowing your business environment, challenging your perspective, adapting to the situation, and making a decision. What are other ways you can improve this skill?