Strategic Planning

Strategic Thinking

9 Traits of a Strategic Thinker

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“I think and think for months and years. Ninety-nine times, the conclusion is false. The hundredth time I am right.” (Einstein).

Strategy development is not a “cookbook” process. It is a challenging, heuristic task that requires strategic thinking. Strategic thinking involves several traits:

  1. The ability to use consistent definitions of planning terms and to understand their distinctions;
  2. Awareness of the distinctions between project planning and strategic planning;
  3. The ability to discuss and describe items in plans at the appropriate “strategic altitude”;
  4. Awareness of the dynamic system effects in organizations, such as delays and feedback;
  5. The openness to new ideas and encouragement of creativity and innovation;
  6. The openness of the planning process to a team of employees of various ranks and functions;
  7. The degree to which alternative strategies and scenarios are considered;
  8. The linkage of strategic planning to budgeting;
  9. The ability to write and speak with clarity and simplicity.

Evidence for the degree of strategic thinking can be found in the organization’s strategic planning documents.

Strategic Thinking

Enhance your #strategicthinking and #strategicdevelopment skills by registering for the Balanced Scorecard Associate Certificate Programme carded for March 25th, 26th & 27th, 2020 at the Lok Jack GSB, Campus.

To learn more about becoming an internationally certified Balanced Scorecard Associate click HERE

For further information:
📞 (868) 310-3031 (Trinidad) or +592-673-5980 (Guyana)
📧 odac@lokjackgsb.edu.tt

Leadership, Workplace Culture and Values


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Chess Piece - Leadership

Ken Chenault, CEO of American Express said, “My role is to define reality and to give hope.”

Leaders question assumptions, look at problems in new ways and create and articulate a vision for the future. In the context of strategic management, leadership includes the following traits:

  1. Leaders set a clear and consistent vision or “picture of the future” of the organisation
  2. Leaders are pro-active in preparing the organisation for the future
  3. Leaders are visible and engaged to ensure that staff understand the common vision and can translate it into terms relevant to their roles
  4. Leaders “walk the talk” in exemplifying the values, ethics and policies of the organisation
  5. Leaders don’t micromanage but trust and encourage employees to contribute their ideas and grow in their careers
  6. Leaders “walk around” and work alongside staff to encourage teamwork.

Many employees are now considered “knowledge workers” – they are hired for their thinking skills.  In this environment employees want to know why they are being asked to do their assignments. Hence strategic management leads to increased employee empowerment and less “command and control” management.

Leadership, Workplace Culture and Values

Enhance your #leadership and #strategicplanning skills by registering for the Balanced Scorecard Associate Certificate Programme carded for March 25th, 26th & 27th, 2020 at the Lok Jack GSB, Campus.

To learn more about becoming an internationally certified Balanced Scorecard Associate click HERE

For further information:
📞 (868) 310-3031 (Trinidad) or +592-673-5980 (Guyana)
📧 odac@lokjackgsb.edu.tt