Strategic Thinking - Deepstash

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Strategic Thinking

Defined as the process that determines the manner in which people think about, assess, view, and create the future for themselves and others. It’s a combination of mindset and techniques that determines one’s ability to know their goal and how to achieve it.

Strategic thinkers are highly sought after for leadership positions and are able to imagine the big picture, identify the possible impact of their decisions and project the way to get there. 

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  1. Vision: they use a mix of logic and creativity to define ambitious but rigorous visions of what needs to be achieved. 
  2. Framework: taking into account their own biases, timeline and resources, they can define their objectives and develop multiple action plans.

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Competition and Profitability

The existence of competition in the market allows for companies to become motivated to increase their profits. It may feel like playing the game of tug of war, however, it is much more complex than that.

It's not about being the biggest company, but rather, profitability.

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Competition makes markets strive to earn more than their counterpart, here, we listed the five forces that influence the competitive market.

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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 re...

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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.

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