Strategic Thinking in Today's Business World
In today's highly competitive and fast-changing business world, everyone should know how to think strategically. As such, you can then ensure that our business leverages the full range of creativity and knowledge embodied in the internet business such as Wealthy Affiliate. If things don't seem to be alright for your business, you need to look for solutions instead of choosing to jump ship. Many people do that when the going gets tough.
You are likely to become a strategic thinker if you show the following personal traits:
- Curiosity: This means that you're interested in what's going on in your company and the wider business environment.
- Flexibility: You are able to adapt approaches and shift ideas when new information suggest the need to do so.You keep on changing your strategies and adjusting your goals and objectives.
- Future focus: You keep an eye out for opportunities that are valuable in future as well as threats that may arise. You are involved in continuous research to identify better ways of running your business.
- Openness: You welcome new ideas from others. You are open to advice and information sharing so as to become more knowledgeable.
- Breadth: You are interested in broadening your knowledge and experience. You engage in continuous learning to identify the strategies that work and to discard the things that don't work.
Strategic thinking is an ongoing process instead of a one-time event. People who think strategically continuously reassess their business environment .i.e. they learn from those who are successful in their businesses. I am not talking about copying everything that other people are doing, I am talking about being creative and innovative in what you do.
Finally, we can say that strategic thinking process involves setting the stage to take into account a high-level view of your business environment and ultimately applying your skills in a systematic way to achieve results.
Are you thinking strategically to achieve results? Let me get your views below:
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Being flexible means you are adaptable to change, which is constant. I think I am doing quite well in that department.
My curiosity got me here and I am better for it. I don't think you can be curious without being open-minded.
Focus? Hmm... working very hard on that. It's been a challenge lately.
Thanks for this post, Ben!
Hi Ade,
Thanks indeed for the comments.
Happy to hear that you're flexible, curious and open minded. Hope you will be able to focus more.
Once more I am forever grateful.
Cheers.