Thinking strategically begins with being deeply curious about what the future will bring. One of the best ways to exercise curiosity is to look at the trends affecting your industry. The STEEP framework is a handy way to cover all the bases as you look for relevant trends: Social trends: Changes in demographics, lifestyles, social …
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Systems thinking means having the ability to view things in different time scales simultaneously and thus resolving the paradoxes between them. Here are some systems thinking examples. We were asked to facilitate the transformation of a blighted urban neighborhood. We invited a number of “experts” to offer their views to a panel of residents. A …
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This tool lists five keys to organizational strategy based on research into what successful leaders do. Leaders can use this as a checklist to make sure they have considered all the crucial questions in building and managing their business. The Five Keys 1. The business domain is clearly defined – in terms of the customer’s …
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This article describes the characteristics of strategic thinking and planning. It lays out a series of strategic questions, recommendations, and strategic options. It shows the traps to avoid. We recommend this as an excellent guide to all strategic planning processes. Introduction to Strategic Thinking If you want to think strategically, we advise that you start …
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This tool concisely defines nine types of strategy. It lists the factors that should drive an organization’s choice of strategy and includes helpful hints guide your choice of strategy. This is an extremely useful tool to use as part of a strategic planning process. The type of strategy you ultimately choose is driven by these …
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This tool is for leaders who want to understand the six principles of successful strategic positioning. It ensures that leaders are asking the right questions about the overall goals of the company, its business model, and the value that the company creates. Research has shown that companies that follow these six fundamental principles establish and …
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This tool describes how to use strategy teams to plan and implement specific strategies for your organization. Through the effective use of strategy teams, leadership can engage those who will be affected by a strategy in planning and implementation. This helps assure the success of the strategy and helps build higher performing organizations. What does …
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