Strategic Planning Frequently Asked Questions and Answers

What Is Strategic Thinking?

Strategic thinking is defined differently by different theorists, and some of those definitions are more research oriented and academic than we might like if we want to provide practical guidance about strategic thinking in the real world. Before looking at the more abstract side, let's provide a simple (and perhaps overly simplistic perspective on strategic thinking)

Strategic thinking is a MINDSET or way of thinking about a business or organization. It can be distinguished by non-strategic thinking by several characteristics.

• Focuses on long term rather than short term
• Involves systems thinking, and focusing on the big picture, NOT just the small one
• Focuses on identifying leverage (how can we use what we have to maximum advantage)
• Is both analytical, and creative processes
• Involves examing assumptions, "the way things have been done around here", and a critical approach that questions what we believe.
• Takes into account that our thinking is going to be partly based on inaccurate information and/or conclusions, and treats any conclusions as tentative or hypotheses.

Major players who have spoken and written on strategic thinking include Mintzberg and Liedtka who developed The Liedtka Model of the Elements of Strategic Thinking.

The Government of Canada has published an excellent piece on this subject -- somewhat academic but very complete, that includes various models and components of strategic thinking, and the relationships of strategic thinking to strategic planning. You can view that article by clicking here. Highly recommended.