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Management

Strategic thinking – what’s that and how to develop it?

What is Strategic thining? Have you wondered how to develop it?

Strategic thinking is the process of analyzing a complex situation, identifying potential challenges and opportunities, and developing a long-term plan of action that aligns with your overall goals and objectives. It involves thinking critically, creatively, and holistically to identify the best course of action to achieve your desired outcome.

Leading with strategic thinking

To develop strategic thinking skills, here are some steps you can take:

  1. Define your goals and objectives: You need to know where you want to go before you can develop a strategy to get there. Be specific and clear about your goals.
  2. Gather information: Collect information about your industry, market trends, competitors, and any other relevant data that will help you make informed decisions.
  3. Analyze the information: Analyze the data you have collected to identify trends, patterns, and potential challenges.
  4. Identify potential solutions: Use your analysis to identify potential solutions and strategies that will help you achieve your goals.
  5. Evaluate the pros and cons: Evaluate the pros and cons of each potential solution to determine which one is the most effective and efficient.
  6. Develop a plan of action: Develop a detailed plan of action that outlines the steps you will take to implement your chosen solution.
  7. Monitor and adjust: Regularly monitor your progress and adjust your plan as needed to ensure that you stay on track and achieve your goals.

In addition to these steps, there are other things you can do to develop strategic thinking skills, such as:

  • Reading books and articles on strategy and business management
  • Participating in strategic planning workshops or courses
  • Seeking feedback from others on your strategic thinking abilities
  • Practicing strategic thinking through role-playing exercises or simulation games
  • Surrounding yourself with people who have strong strategic thinking skills, and learning from them.

By practicing these steps and continuously seeking to improve your skills, you can become a more effective strategic thinker and achieve greater success in your personal and professional life.

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By Swatantra Kumar

Swatantra is an engineering leader with a successful record in building, nurturing, managing, and leading a multi-disciplinary, diverse, and distributed team of engineers and managers developing and delivering solutions. Professionally, he oversees solution design-development-delivery, cloud transition, IT strategies, technical and organizational leadership, TOM, IT governance, digital transformation, Innovation, stakeholder management, management consulting, and technology vision & strategy. When he's not working, he enjoys reading about and working with new technologies, and trying to get his friends to make the move to new web trends. He has written, co-written, and published many articles in international journals, on various domains/topics including Open Source, Networks, Low-Code, Mobile Technologies, and Business Intelligence. He made a proposal for an information management system at the University level during his graduation days.

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