Business Tips
Thinking Strategically
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- Parent Category: Business Tips
- Category: Management
In the turbulence of daily work filled with product specifications, customer initiatives, sales and team meetings, and hundreds of other items, it's easy to lose sight of that idea. Over the years, the idea transformed into offerings in the form of products or services that a group of potential customers found valuable and were willing to pay for. Cash flow, receivables, intellectual property, brands, careers - everything flows from the idea.
The degeneration of one's ability to think strategically and generate new insights limits both individual and organisational progress. In a 10-year study of leaders at 35 organisations, the primary problem attributed to a lack of success was strategic thinking. Recent studies on leadership have found that the #1 ranked, most valued skill in leaders is strategic thinking.
But only 3 out of 10 managers are strategic. So, why don't companies give more resources to strategic innovation?
‘Elevate: The Three Disciplines of Advanced Strategic Thinking’ provides leaders with a framework and toolkit for developing advanced strategic thinking capabilities. Unlike the majority of books that focus on strategy from a corporate perspective, Elevate gives the individual executive practical tools and techniques to help them become a truly strategic leader. The new framework that will enable leaders to finally integrate both strategy and innovation into a strategic approach that drives their profitable growth is The Three Disciplines of Advanced Strategic Thinking:
1. Coalesce: Fusing together insights to create an innovative business model.
2. Compete: Creating a system of strategy to achieve competitive advantage.
3. Champion: Leading others to think and act strategically to execute strategy.
Every leader desperately wants to be strategic - their business and/or career depends on it. Elevate provides the roadmap to reach the strategic leadership summit.
Elevate puts forth many proven techniques for leaders to gain insight into achieving greater strategic thinking. "Excellence is defined as a deviation from the norm," says author Rich Horwath. "If you are not thinking and acting differently than other companies and other leaders in your industry, you will never excel. Great strategic thinking creates different and unique value for customers. Elevate shows executives how to combine strategy and innovation to form a truly competitive advantage."
Source: Rich Horwath: Elevate: The Three Disciplines of Advanced Strategic Thinking