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The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving
405: New York Times and Wall Street Journal bestselling author, Rich Horwath — How to Develop Your Strategic Fitness
Dec 13, 2023
In this episode, bestselling author Rich Horwath discusses developing a strategic mindset, creating a system for competitive advantage, the importance of strategic thinking and effective leadership, connecting personal and organizational purpose, and the power of bringing value to others.
52:00
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Quick takeaways
- Strategic thinking requires a continuous process and the ability to make trade-offs and focus on areas of strategic advantage.
- Effective leaders set direction, communicate the why behind decisions, and make trade-offs to stay focused on strategic direction.
Deep dives
The Importance of Strategic Thinking and Practical Tools
Strategic thinking is essential for leaders to set direction and create advantage. It is important to have a roadmap for individual leaders to be strategic day in and day out. Strategy is not just a one-time event, but a continuous process. Possessing insight that leads to advantage is key to identifying what is strategic. Many leaders make the mistake of confusing strategy with aspiration, goals, mission, and vision. The ability to make trade-offs and focus on areas of strategic advantage is crucial. It is important to think first, plan, execute, and measure for success.
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