The Difference Between Strategic Thinking and Strategic Planning

By: Tom Cramer
    Strategic Thinking and Strategic Planning are related concepts, but they have distinct differences. Let's explore each of them: 1. Strategic Thinking: Strategic thinking refers to the cognitive process of developing insights and envisioning the future direction of an organization. It involves the ability to analyze complex situations, understand the broader context, and identify patterns and trends. Strategic thinking requires a big-picture perspective and the capacity to think critically and creatively about the organization's goals, challenges, and opportunities. Key characteristics of strategic thinking include: a. Visionary outlook: Strategic thinking involves imagining and articulating a compelling …

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Why Narrowing Your Focus Is Critical

As the business landscape becomes more competitive and companies look for ways to cut costs and boost productivity, naturally the CEO is tasked with taking on more. Traditionally, broadening your skills may have been viewed as a way to stay ahead of the competition, but CEO peer group consultants warn that casting a wide net could be working against your ability to propel your company to the next level. And, here’s why… Too much to focus on. The saying, “jack of all trades, master of none” is applicable here. When you divide …

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