Make Strategic Thinking Part of Your Job - Deepstash
Make Strategic Thinking Part of Your Job

Make Strategic Thinking Part of Your Job

Curated from: hbr.org

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David Collis - Harvard Business School professor

ā€œMost executives cannot articulate the objective, scope, and advantage of their business in a simple statement. If they canā€™t, neither can anyone else.ā€

DAVID COLLIS - HARVARD BUSINESS SCHOOL PROFESSOR

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Invite Dissent To Build Othersā€™ Commitment

An executive needs those he/she leads to translate strategic insights into choices that drive results. For people to commit to carrying out an executiveā€™s strategic thinking, they have to both understand and believe in it.
But repeated explanations donā€™t necessarily increase peopleā€™s understanding and ownership of strategy. Making them discuss the pros and cons of it make it so the problem is better understood and flaws are identified and fixed increasing ownership for success.

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Identify The Strategic Requirements Of The Job

When someone is promoted into a function that requires strategic leadership itā€™s easy to spend time fixing what was wrong in their previous function but that often isnā€™t what the strategic leadership position requires. So, identify the strategic requirements of your job and focus on them.

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Uncover Patterns To Focus Resource Investments

Once a strategic plan is set, resources must be aligned to focus on that contribution. Great strategic executives know how to use data to generate new insights about how they and their industries make money.
Examining patterns of performance over time ā€” financial, operational, customer, and competitive data ā€” will reveal critical foresight about future opportunities and risks and allow proper resource management.

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rylz

Geek that loves minimal and harmonious designs. I'm learning Japanese.

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