What do you do if your decision-making as an executive is lacking strategic thinking?

If decision-making lacks strategic thinking, it's crucial to reassess priorities, gather more data, seek diverse perspectives, and cultivate a strategic mindset to ensure long-term success.

In such situation it is crucial to assess the current level of strategic ability by conducting a self- assessment which on broader terms cover the following - Closely evaluate the decision making process, to check if they cover strategic analysis, critical thinking and foresight. if internal and external factors are assessed for risk and opportunities - If these past decision align with the organization vision and mission -If you have knowledge of industry trends, market dynamics and competitive landscape -Have you engaged stakeholders in constructive way to get their prespectives - If you foster a culture of collaboration, innovation and creative thinking Create improvement plan to address the gaps

Begin by conducting a thorough self-assessment to identify strengths and areas for improvement in strategic thinking. Recognizing your current capabilities is essential for targeted growth.

If your executive decision-making lacks strategic thinking, it is important to take steps to improve this aspect of your leadership. This may involve seeking feedback from colleagues or mentors, attending training or workshops on strategic thinking, or working with a coach to develop your skills in this area. It is also important to regularly review and reflect on your decision-making processes to identify improvement areas and make necessary changes. Improving your strategic thinking as an executive can help you make better decisions and lead your organization more effectively.

TIP - Cultivate readiness for feedback and learning. Embracing feedback and results from strategic thinking assessments demands a growth mindset. Before diving into these evaluations, anchor yourself in the fundamental reasons behind your desire to enhance your strategic capabilities. Recognizing your overarching 'WHY' provides motivation and resilience, enabling you to value feedback as a stepping stone rather than a setback. Prepare mentally to accept all outcomes, viewing each piece of feedback and every assessment result as an integral part of your learning journey. This openness is key to fully leveraging insights for your development, fostering a mindset that welcomes growth and embraces challenges as opportunities for advancement.

Engage with peers, mentors, and industry experts to glean insights and perspectives. Learning from the successes and failures of others can provide valuable lessons and broaden your strategic acumen.

To improve strategic thinking in decision-making, learn from others. Identify executives known for strategic acumen and study their decision-making processes, seeking insights into their long-term planning, risk management, and problem-solving approaches. Engage in mentorship or coaching with experienced strategists to gain personalized guidance. Participate in industry forums, workshops, and seminars that focus on strategic thinking. Learning from seasoned leaders and experts can provide valuable perspectives and tools to enhance your strategic decision-making skills.

TIP - Pair your learning with guidance from a coach or mentor experienced in strategic thinking. They can offer personalized insights, challenge your perspectives, and guide you in applying what you've learned from other executives. A mentor or coach acts as a catalyst for your development, providing a safe space for experimentation and feedback. This partnership accelerates your growth, helping you to refine your decision-making process and strategic capabilities more effectively.

Yes, learning from others is key but there are mechanisms to assess an individual's traits. Often a purely operational / tactical leader evolves into a senior leadership role off the back of consistently delivering. One in a senior leadership role the lack of strategic thinking capability will become evident. Not an issue as long as the leader recognises this shortcoming and compensates for it in his/her choice of direct reports.

Busco oportunidades para aprender de líderes y profesionales que demuestran un fuerte pensamiento estratégico. Esto puede incluir mentorías, estudios de caso, y la participación en redes profesionales para ganar perspectivas y consejos.

Utilize established strategic frameworks and tools such as SWOT analysis, Porter's Five Forces, McKinsey's 7S Model, and others. These tools offer structured approaches to analyze situations and make informed decisions.

applying frameworks and tools is a vital step in enhancing strategic thinking and decision-making. With Decision Matrix, you can define criteria for decision-making, assign weights to each criterion based on importance, rate each option against the criteria, calculate weighted scores to determine the best option. See SMART and SWOT method too. By integrating frameworks into your strategic planning, you can create a structured approach to navigating complex decisions and aligning them with your long-term vision. Remember, the key is not just to use these tools but to adapt them to your specific context and needs.

In today's decision making, we are not lacking of data to make decisions. Digital transformation is quickly digitizing our value chain where CRM applications, Sales force management, ERP solutions are providing connected information to make strategic decisions. The fact that we have data to look back and ahead, makes leaders more informed in decision making. Applying frameworks such as SWOT analysis, 2x2 reporting, BCG matric and PESTEL, Fishbone strategies provides depth critical thinking and challenge oneself to raise the bar to wholistic thinking. Frameworks navigate wholistic thinking that changes leadership dynamics into an inclusive culture that drives empowerment and curiosity for innovative growth.

Gelegentlich verlieren Unternehmen bei der SWOT-Analyse leicht den Kundenfokus aus den Augen und darum empfehle dass wir speziell für unsere wichtigsten Zielkundengruppen nach dem normalen SWOT mal eine besondere Brille aufsetzen und uns dann die Frage stellen, was wohl für diese Kunden die wichtigsten nächsten Chancen und Risiken sind. Wir können dann daraus recht leicht mögliche nächste Erwartungen an unsere eigenen Produkte, Prozsse und Services ableiten. Diese strategische Methodenvariante nenne ich gerne auch COT ( Customergroup specific Opportunity and Threads )

Me familiarizo y empiezo a aplicar marcos y herramientas de pensamiento estratégico, como el análisis SWOT o el modelo de las cinco fuerzas de Porter, para estructurar mejor mi análisis y planificación.

Practico el pensamiento de escenarios, considerando diferentes futuros posibles y planificando cómo mi organización puede responder. Esto ayuda a desarrollar flexibilidad mental y preparación para diversos resultados.

Adopting a scenario-thinking approach has significantly enhanced my strategic planning. By envisioning various future scenarios, I can better anticipate potential outcomes and prepare for different possibilities. This method allows me to identify opportunities and risks that might not be apparent through traditional analysis. Utilizing scenario planning and matrices aids in visualizing and assessing the implications of each potential future, ensuring that our strategies are robust and adaptable to changing conditions.

Tras tomar decisiones, busco retroalimentación activa de colegas y mentores para evaluar la efectividad de mi enfoque estratégico. La reflexión sobre esta retroalimentación es crucial para mi crecimiento continuo.

Wenn wir systematische Methoden wie ASIT ( Advanced systematic innovativ Thinking ) einsetzen, haben wir eine gute Chance, Ideenvariationen aufzuspüren. Denn ASIT analysiert ganz praktisch, bezogen auf Produkt- oder Serviceideen, nach folgenden Gestaltungsoptionen: - Subtraktion und Disruption Entfernen einer oder mehrerer wesentlicher Komponenten aus einem Produkt, Prozess oder Geschäftsmodell - Verdopplung oder Multiplikation Bestehende Komponenten zu einem System hinzufügen und ihnen eine Wendung geben - Aufgabenzusammenführung Zuweisen neuer Aufgaben zu bestehenden Ressourcen - Attributabhängigkeit Ändern von Variablen in einem laufenden System - Aufteilung Aufteilung in Raum und Zeit

Para fortalecer tu toma de decisiones con pensamiento estratégico, invierte en formación continua y busca mentores con experiencia en liderazgo estratégico. Aprende de decisiones pasadas, amplía tus perspectivas considerando diferentes puntos de vista y asegúrate de que tus decisiones se alineen con los objetivos a largo plazo. Fomenta un entorno que valora el pensamiento estratégico, utiliza datos para respaldar tus decisiones y revisa sus resultados para ajustar tu enfoque en el futuro. Este proceso de aprendizaje y adaptación constante es clave para desarrollar un liderazgo estratégico efectivo.

If your executive decision-making lacks strategic thinking, begin by assessing your current methods. Educate yourself on strategic thinking principles and gather pertinent information. Establish clear objectives that align with your organization's vision, involving key stakeholders in the strategic planning process. Consider the long-term implications of your decisions and seek input from diverse sources. Evaluate both risks and opportunities, and consistently review and adjust your approach for ongoing enhancement. #ahmedalaali11

To enhance strategic decision-making as an executive, assess past practices, develop strategic awareness, seek input from experts, analyze context and consequences, prioritize decisions aligned with strategic objectives, foster strategic discussions, create decision-making frameworks, iterate and learn from outcomes, build strategic partnerships, and invest in professional development.

Es importante recordar que desarrollar pensamiento estratégico es un proceso continuo que requiere paciencia, práctica y disposición para adaptarse y aprender de cada experiencia. Mantener una mentalidad abierta y estar preparado para ajustar tu enfoque basado en nuevos aprendizajes es fundamental para integrar efectivamente el pensamiento estratégico en tu toma de decisiones.