Developing Strategic Thinking

One key aspect of being a successful leader is thinking strategically. Author Rich Horwath shares five practical techniques to develop this crucial leadership capability. One technique is to maintain a contextual radar that captures key factors in your business environment, such as market trends, customer needs, competitor activities, and internal initiatives. Another technique is to prioritize insight velocity by continuously updating plans with new learnings and evolving insights. Horwath also emphasizes the importance of regular mental workouts to strengthen leadership skills, including performance statements, visualization, and personal statements. Moreover, Horwath highlights the significance of decision-making and the need for executives to focus on high-quality decisions that truly matter, rather than being overwhelmed by a large number of decisions. Finally, the technique of batching is endorsed, as it allows leaders to process similar items together, reducing transitions and optimizing energy and productivity.