6 Tips For Strategic Thinking

Strategic LeadershipI recently read a very interesting article in Inc. magazine by Paul Schoemaker; 6 Habits of True Strategic Thinkers

The article focused on the six things that strategic company leaders do well.

  1. Anticipate upcoming changes in your industry by looking beyond your current business strategy and expanding your external networks.
  2. Think Critically when faced with a problem. Question everything to determine the root cause, so the same issue does not recur. Challenge current belief; do not assume that all management or business fads will work for your business. Look beyond the fad and understand the entire impact of a change.
  3. Interpret all the data available when making a decision. There is so much information available at our finger tips today, use it to find patterns and test hypothesis. By doing this, you will decrease any associated risk when a final decision is made.
  4. Decide where you stand on an issue and hold your ground. Develop a system that works for you for making decisions. Even if you are not 100% sure about your decision, be vocal about how you feel about an issue. Don’t sit on the sidelines.
  5. Align your goals with those that you work with. Try to learn what motivates the others on your team and bring the uncomfortable issues to the forefront to discuss. By doing this you will open up a dialogue for new ideas and build trust between team members.
  6. Learn from your mistakes. This is a simple lesson that we have been taught since childhood. Do not ignore or pass the blame when a mistake happens, because no matter how perfect you are mistakes will happen. The most important thing is how you, as a leader, respond to a mistake. When a mistake happens, ask your team for an honest debrief of the situation from their perspective to better understand why things went wrong. If you are in the middle of a project and you feel that the current course of action is wrong, speak up right away to shift the focus of the project in a new direction. Do not wait and hope the current path ends up “okay”.

Check out the full article on Inc.com to learn more about how to become a better strategic leader.

Image: Salvatore Vuono / FreeDigitalPhotos.net

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