Posted by Dave Lorenzo - Business Coach
Strategic thinking is the process whereby you examine the implications of your choices and analyze the options available to you before making a decision. In its highest form, strategic thinking is a distinct perspective that helps you break down complicated processes into easily manageable pieces that can be arranged to present a clear set of alternatives. Engaging in strategic thinking gives you a competitive advantage in business and in life. Five factors that influence strategic thinking are time, control, experience, the unknown, and outcome finality.
The actual process of strategic thinking can be learned. When faced with a problem to solve, you must first disassociate yourself from your emotions, much like a surgeon or firefighter temporarily separates himself from the emotion of a life-or-death situation. Then, you must define what specific outcome you desire. Third, you need to acknowledge your gut instincts about the situation, after which you should research the root cause of the problem. The goal is to get to the most basic level of the desired outcome so that you can take as few steps as possible in order to achieve your goal. Having done that, you can work backwards and look for patterns in the factors that contribute to the root problem. From there, you can generate alternatives for solving the problem, assess the risks involved in each, and then select the best solution. Even after coming up with a solution, though, you should always plan for contingencies. Making plans for worst-case scenarios will allow you to deal with any unexpected problems that arise.