David Collis - Harvard Business School professor
Most executives cannot articulate the objective, scope, and advantage of their business in a simple statement. If they can’t, neither can anyone else.

DAVID COLLIS - HARVARD BUSINESS SCHOOL PROFESSOR

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@rylz450

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Career

MORE IDEAS FROM THE ARTICLE

Invite Dissent To Build Others’ Commitment

An executive needs those she leads to translate strategic insights into choices that drive results. For people to commit to carrying out an executive’s strategic thinking, they have to both understand and believe in it. But repeated explanations don’t necessarily increase people’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.

Identify The Strategic Requirements Of The Job

When someone is promoted into a function that requires strategic leadership it’s easy to spend time fixing what was wrong in their previous function but that often isn’t what the strategic leadership position requires. So, identify the strategic requirements of your job and focus on them.

Uncover Patterns To Focus Resource Investments

Once a strategic plan is set, resources must be aligned to focus on that contributionGreat 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 — financial, operational, customer, and competitive data — will reveal critical foresight about future opportunities and risks and allow proper resource management.

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RELATED IDEAS

5 Steps To Strategic Thinking
  1. Align to your vision. When you're clear about what you want, you're able to describe it in vivid detail and hypothesize how to get it. 
  2. Ask questions. Ask yourself what are your vision, goals and resources.
  3. Give it some thought. Find a quiet place and reflect. Write in detail your answers from the previous step. Set up a meeting with people from different backgrounds and discuss matters of strategy.
  4. Plan. Identify your action items to achieve your short-term and long-term goals. 
  5. Diagram. Diagramming, mindmapping, brainstorming, drawing pictures, mocking up graphs and charts… All of these techniques stimulate your creativity and can break you out of the box. 

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IDEA

Being More Reflective

Strategic thinkers understand and dig deeper when analyzing processes, developing and applying performance metrics, collecting data and producing analytics for better decision-making. They challenge the involved to consider answers for important questions.

The power of taking on extra jobs

Many managers and leaders focus obsessively on their current jobs. They don't believe they can be successful without that single focus.

However, most realize that to advance your career, especially to the C-suite, you need diverse experiences in a variety of functions, industries, and geographies.

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