Friday, December 8, 2023

🧠 IMSPARK: Thinking Strategically Like a Leader 🧠

 

🧠 Imagine... Thinking Strategically Like a Leader πŸ§  

πŸ’‘ Imagined Endstate:
 You have developed your strategic thinking skills and can apply them to any situation or challenge. 
πŸ”— Link: 
πŸ“š Source: 
Horwath, R. (2021, November 23). How to Think Strategically Like a Leader. Harvard Business Review. 
πŸ’₯ What’s the Big Deal: 
Strategic thinking is a crucial skill for leaders, but many are labeled as tactical, not strategic. This article provides a framework to help you improve your strategic thinking capabilities by focusing on three core behaviors: acumen, allocation, and action. πŸš€
By mastering these behaviors, you can set direction, create advantage, and achieve executive excellence.
🌐 Strategic thinking is the ability to generate and apply unique business insights that create competitive advantage and long-term value.
Four key elements of strategic thinking are: a clear and inspiring purpose, a deep understanding of customers and competitors, a distinctive and coherent way to win, and a set of reinforcing systems and capabilities.
πŸ–️ Five practical tips to improve your strategic thinking are:
          1. - Ask yourself what-if questions.
          1. - Reframe problems from different perspectives.
          1. - Seek out diverse sources of information and feedback.
          1. - Test your assumptions and hypotheses.
          1. - Learn from failures and successes. 🌱

#leadership, #StrategicThinking, #ProblemSolving, #Reframing,#IMSPARK,

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