Saturday, July 27, 2019
Strategic Thinking Competencies
Liedtka observed five “major attributes of strategic
thinking in practice” that resemble competencies:
Systems perspective, refers to being able to understand
implications of strategic actions. "A strategic thinker has a mental model
of the complete end-to-end system of value creation, his or her role within it,
and an understanding of the competencies it contains."
Intent focused which means more determined and less
distractible than rivals in the marketplace. Crediting Hamel and Prahalad with
popularising the concept, Liedtka describes strategic intent as "the focus
that allows individuals within an organization to marshal and leverage their
energy, to focus attention, to resist distraction, and to concentrate for as
long as it takes to achieve a goal."
Thinking in time means being able to hold past, present and
future in mind at the same time to create better decision making and speed
implementation. "Strategy is not driven by future intent alone. It is the
gap between today’s reality and intent for the future that is critical." Scenario
planning is a practical application for incorporating "thinking in
time" into strategy making.
Hypothesis driven, ensuring that both creative and critical
thinking are incorporated into strategy making. This competency explicitly
incorporates the scientific method into strategic thinking.
Intelligent opportunism, which means being responsive to
good opportunities. "The dilemma involved in using a well-articulated
strategy to channel organisational efforts effectively and efficiently must
always be balanced against the risks of losing sight of alternative strategies
better suited to a changing environment."
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