Less than a Minute Life Lesson-2410 Promotion and Character

Strategic Thinking

How often do you come across the word “Strategy “in your business? How often have you used the word strategy in your business?

Final question before we proceed to the article “when was the last time you referred a dictionary to understand what is the real meaning for the word strategy”?

Hope these questions have left you in a thinking mode?

Here is an article on:

• What is strategy?
• Origin of the word strategy?
• What is Strategic Thinking?
• Am I a Strategic Thinker?
• Few quotes by Sun Tzu – The Author of –The Art of war – One of the best books written on war strategies.

Sit back and learn the fundamentals before you use such words in your day to day life.

What is Strategy?

The determination of the basic long term goals & objectives of the enterprise and the adoption of courses of action & the allocation of resources necessary for carrying out these goals"

• Have you worked out your long term goal?

Origin of the word Strategy

It is derived from the Greek word “Strategos”. Stratos means Army -Ago means- Guiding/Leading/Moving

• Are you guiding your team based on the long term goal?

What is Strategic Thinking?

Strategic Thinking is a broader and deeper way of thinking on a regular basis about the overall goals of your job, team & organization.

It is longer-term thinking with more systemic and holistic view of your environment.

• How broader and deeper do you think in your role?

Am I Strategic Thinker?

 Strategic thinkers are

·         Are systems-oriented; that is they think holistically and use the helicopter view.

·         Embrace creativity, innovation, intuition, and understand the insight behind the process.

·         Think futuristically and embrace visionary thinking.

·         Act like organisational radars (or antennae) scanning the internal and external environments.

·         Have a worldly mindset.

·         Act as explorers, with heightened curiosity and alertness.

·         Have the ability to keep an open mind to new ideas, and adapt to changing environments.

·         Have the desire and guts to outwit, beat, and out-run competition.

·         Are knowledgeable of their industry and experts in their areas of specialization.

·         Know their finance and risk management.

·         Have a bit of entrepreneurial spirit.

·         Are good communicators (good at asking probing questions and listening).

·         Know how to inspire and lead teams.

Are you doing any/many of the above in your in your role?

Few words on strategy by Sun Tzu

“All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved”

"Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat"

Article compiled by:

M.L.Narendra Kumar