According to a recent article in Harvard Business Review, strategic thinking involves acumen in understanding context, allocation of resources for optimal impact, and action that combines effective collaboration, execution, and personal wellbeing.
We invite you to consider how you can incorporate these elements into your strategic approach, bringing a balance between strategic and tactical thinking. Remember, you’re likely to be already operating more strategically than you realise.
Key Points Covered:
Acumen (How You Think):
– Context Awareness: Understand internal and external factors.
– Insight Development: Extract meaning from context to inform decisions.
– Innovative Thinking: Translate insights into innovative solutions.
Allocation (How You Plan):
– Focus Resources: Strategically allocate finite resources.
– Decision Making: Consider alternatives, trade-offs, risks, and benefits.
– Competitive Advantage: Configure resources for maximum value.
Action (What You Do):
– Collaboration: Enhance collaboration, influence, and understanding.
– Execution: Get things done efficiently and effectively.
– Personal Performance: Manage oneself, prioritize self-care, and maintain a healthy mindset.
Key Timestamps:
– [04:28] Acumen: Context awareness, insight development, innovative thinking.
– [10:34] Allocation: Focus resources, decision-making, competitive advantage.
– [21:05] Action: Collaboration, execution, personal performance.
– [29:32] Challenge to you: to intentionally incorporate the three A’s for strategic thinking into your own development.
Thank you for tuning in to this episode of The Strategic Leader podcast. If you enjoyed the show, please give us 5 stars! It will help others to find the show. And don’t forget to check out previous episodes, and subscribe for more insightful discussions and practical advice on becoming a more naturally strategic leader.
If you have questions about crafting a simple yet effective strategy or need guidance on strategic leadership, we’d love to hear from you.
Feel free to contact us via www.gemmabullivant.co.uk (Gemma) or www.www.wearegoodthinking.co.uk (Fiona). Your queries could inspire future episodes to help you become a more strategic leader.
