06 Habits of True Strategic Thinkers

01.  Anticipate 

Most of the focus at most companies is on what’s directly ahead. The leaders lack “peripheral vision.” This can leave your company vulnerable to rivals who detect and act on ambiguous signals. To anticipate well, you must:

• Look for game-changing information at the periphery of your industry
• Search beyond the current boundaries of your business
• Build wide external networks to help you scan the horizon better

 

02.  Think Critically

“Conventional wisdom” opens you to fewer raised eyebrows and second guessing. But if you swallow every management fad, herdlike belief, and safe opinion at face value, your company loses all competitive advantage. Critical thinkers question everything. To master this skill you must force yourself to:

• Reframe problems to get to the bottom of things, in terms of root causes
• Challenge current beliefs and mindsets, including your own
• Uncover hypocrisy, manipulation, and bias in organizational decisions

 

03.  Interpret 

Ambiguity is unsettling. Faced with it, the temptation is to reach for a fast (and potentially wrongheaded) solution.  A good strategic leader holds steady, synthesizing information from many sources before developing a viewpoint. To get good at this, you have to:

• Seek patterns in multiple sources of data
• Encourage others to do the same
• Question prevailing assumptions and test multiple hypotheses simultaneously

 

04.  Decide

Many leaders fall prey to “analysis paralysis.” You have to develop processes and enforce them, so that you arrive at a “good enough” position. To do that well, you have to:

• Carefully frame the decision to get to the crux of the matter
• Balance speed, rigor, quality and agility. Leave perfection to higher powers
• Take a stand even with incomplete information and amid diverse views

 

05.  Align

Total consensus is rare. A strategic leader must foster open dialogue, build trust and engage key stakeholders, especially when views diverge.  To pull that off, you need to:

• Understand what drives other people's agendas, including what remains hidden
• Bring tough issues to the surface, even when it's uncomfortable
• Assess risk tolerance and follow through to build the necessary support

 

06.  Learn

As your company grows, honest feedback is harder and harder to come by.  You have to do what you can to keep it coming. This is crucial because success and failure--especially failure--are valuable sources of organizational learning.  Here's what you need to do:

• Encourage and exemplify honest, rigorous debriefs to extract lessons
• Shift course quickly if you realize you're off track
• Celebrate both success and (well-intentioned) failures that provide insight

THE STRATEGIC DECISION  |  Paul J. H. Schoemaker

For more information regarding strategic thinking and its application to your web properties.  Contact me at db@davidbadajoz.com or visit www.davidbadajoz.com.

Short Message Service

Facebook and Twitter are great channels that marketers can use to reach new audiences and participate in two-way interactions with consumers. Unfortunately, both social networks are also undeniably scattershot as marketing tools. Segmenting and personalizing your communications effectively using either one is difficult, and even your most dedicated fans and followers will likely not read many of your messages.

The chronological layout of Twitter timelines, coupled with the sheer volume of tweets many users receive, makes it almost inevitable that your followers will miss some of your tweets. And Facebook's EdgeRank algorithm can prevent your posts from appearing in your fans' News Feeds if you're not creating content that's consistently interesting to them.

Those facts make a good case for the need to write compelling social media content. They also underscore the value of converting your social media followers into SMS- and email-marketing subscribers. As people who have a genuine, expressed interest in your products and services, your fans and followers are the perfect targets for those efforts.

By recruiting your social fans and followers to your email and SMS lists, you can forge deeper relationships with them by offering more personalized and targeted content than you ever could via social media alone.

You can also increase the likelihood that your communications will be read—particularly in the case of SMS, since 83% of all text messages are read within an hour of being received.

For more information regarding branding your business.  Contact me at db@davidbadajoz.com or visit www.davidbadajoz.com.