Strategic Planning is not enough, is necessary articulate business strategy through execution keeping strategic thinking
Strategic Thinking
One of the purpose of strategic thinking keep focused on your vision to discover new and imaginative strategies capable of rewriting the rules of competition through deep dive into your company and also take the best possible decisions for the situation. It allows for the envisioning of futures much different than the present. The process used in strategic thinking incorporates innovative and creative ideation to formulate and develop business strategies and scenarios that have a greater chance of success and competitive advantage. Is common consider strategic thinking as the what and why of the business planning process; that is, a way to see your company at 30K feet.
Given that thinking is different from planning, there is a unique skill set needed to effectively think strategically, namely things like creating, imagining, ideating, opening, seeing alternatives, problem solving, and leading, among others. In addition, the tools needed to be an effective strategic thinker include activities like design thinking, lego serious play, brainstorming, mediating, scenario planning, feasibility studies, and root cause analyses.
Modeling the strategy
It is common that the development of scenarios to define strategies that allow taking organizations to the next level become complicated and generate ethereal results.
There are many trends and concepts of strategy such as porter, balanced scored card, blue ocean, and thousands more… however, in our practice in strategic consulting we have found that the simpler the better, the less the better… we agree with the greats in strategy such as Ram Charan and Henry Mintzberg in two crucial aspects: Design simple strategies and Execution, both are key and are part of the fundamental elements of strategic management as well as leadership, innovation, thinking outside the box, etc. …
For the development of scenarios it is important to consider that organizations may be or seek to be in two key moments, one is the origin, the base where everything started, where the original vision of the business was formulated and the dreams were established to take that organization to its full potential, for this it is relevant to consider that the organization and its operating model are fully aligned and linked to the strategy, that the capabilities of the team are defined and developed, develop a culture of accountability and even a high focus on the execution of the strategy on time and with the agreed budget through a stratex.
Strategic Planning
One of the purpose of strategic thinking keep focused on your vision to discover new and imaginative strategies capable of rewriting the rules of competition through deep dive into your company and also take the best possible decisions for the situation. It allows for the envisioning of futures much different than the present. The process used in strategic thinking incorporates innovative and creative ideation to formulate and develop business strategies and scenarios that have a greater chance of success and competitive advantage. Is common consider strategic thinking as the what and why of the business planning process; that is, a way to see your company at 30K feet.
Given that thinking is different from planning, there is a unique skill set needed to effectively think strategically, namely things like creating, imagining, ideating, opening, seeing alternatives, problem solving, and leading, among others. In addition, the tools needed to be an effective strategic thinker include activities like design thinking, lego serious play, brainstorming, mediating, scenario planning, feasibility studies, and root cause analyses.
