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How does A true Leader Thinks.?..~~..Six..Habits.



BRILLIANT MISTAKES | Paul J. H. Schoemaker
Mar 20, 2012

The 6 Habits of True Strategic Thinkers

You're the boss, but you still spend too much time on the day-to-day. Here's how to become the strategic leader your company
needs.
In the beginning, there was just you and your partners. You did every job. You coded, you met with investors, you emptied the
trash and phoned in the midnight pizza. Now you have others to do all that and it's time for you to "be strategic."
Whatever that means.
If you find yourself resisting "being strategic," because it sounds like a fast track to irrelevance, or vaguely like an excuse to slack
off, you're not alone. Every leader's temptation is to deal with what's directly in front, because it always seems more urgent and
concrete. Unfortunately, if you do that, you put your company at risk. While you concentrate on steering around potholes, you'll
miss windfall opportunities, not to mention any signals that the road you're on is leading off a cliff.
This is a tough job, make no mistake. "We need strategic leaders!” is a pretty constant refrain at every company, large and small.
One reason the job is so tough: no one really understands what it entails. It's hard to be a strategic leader if you don't know what
strategic leaders are supposed to do.
After two decades of advising organizations large and small, my colleagues and I have formed a clear
idea of what's required of you in this role. Adaptive strategic leaders — the kind who thrive in today’s
uncertain environment – do six things well:

Anticipate


Most of the focus at most companies is on what’s directly ahead. The leaders lack “peripheral vision.” This can leave your company
vulnerable to rivals who detect and act on ambiguous signals. To anticipate well, you must:


      Look for game-changing information at the periphery of your industry
      Search beyond the current boundaries of your business
      Build wide external networks to help you scan the horizon better


Think Critically


“Conventional wisdom” opens you to fewer raised eyebrows and second guessing. But if you swallow every management fad,
herdlike belief, and safe opinion at face value, your company loses all competitive advantage. Critical thinkers question everything.
To master this skill you must force yourself to:


      Reframe problems to get to the bottom of things, in terms of root causes
      Challenge current beliefs and mindsets, including their own
      Uncover hypocrisy, manipulation, and bias in organizational decisions


Interpret
Ambiguity is unsettling. Faced with it, the temptation is to reach for a fast (and potentially wrongheaded) solution. A good strategic
leader holds steady, synthesizing information from many sources before developing a viewpoint. To get good at this, you have to:


        Seek patterns in multiple sources of data
        Encourage others to do the same
        Question prevailing assumptions and test multiple hypotheses simultaneously


Decide


Many leaders fall pretty to “analysis paralysis.” You have to develop processes and enforce them, so that you arrive at a “good
enough” position. To do that well, you have to:


        Carefully frame the decision to get to the crux of the matter
        Balance speed, rigor, quality and agility. Leave perfection to higher powers
        Take a stand even with incomplete information and amid diverse views


Align


Total consensus is rare. A strategic leader must foster open dialogue, build trust and engage key stakeholders, especially when
views diverge. To pull that off, you need to:


        Understand what drives other people's agendas, including what remains hidden
        Bring tough issues to the surface, even when it's uncomfortable
        Assess risk tolerance and follow through to build the necessary support


Learn


As your company grows, honest feedback is harder and harder to come by. You have to do what you can to keep it coming. This is
crucial because success and failure--especially failure--are valuable sources of organizational learning. Here's what you need to do:


        Encourage and exemplify honest, rigorous debriefs to extract lessons
        Shift course quickly if you realize you're off track
        Celebrate both success and (well-intentioned) failures that provide insight


Do you have what it takes?


Obviously, this is a daunting list of tasks, and frankly, no one is born a black belt in all these different skills. But they can be taught
and whatever gaps exist in your skill set can be filled in. I'll cover each of the aspects of strategic leadership in more detail in future
columns.


Paul J. H. Schoemaker: Founder and Chairman of Decision Strategies Intl. Author, professor, entrepreneur and speaker.
Research Director of the Mack Center for Technological Innovation at Wharton, where he teaches strategy and decision-making.




~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
__._,_.___


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Trainers forum thinkers

  • 1. How does A true Leader Thinks.?..~~..Six..Habits. BRILLIANT MISTAKES | Paul J. H. Schoemaker Mar 20, 2012 The 6 Habits of True Strategic Thinkers You're the boss, but you still spend too much time on the day-to-day. Here's how to become the strategic leader your company needs. In the beginning, there was just you and your partners. You did every job. You coded, you met with investors, you emptied the trash and phoned in the midnight pizza. Now you have others to do all that and it's time for you to "be strategic." Whatever that means. If you find yourself resisting "being strategic," because it sounds like a fast track to irrelevance, or vaguely like an excuse to slack off, you're not alone. Every leader's temptation is to deal with what's directly in front, because it always seems more urgent and concrete. Unfortunately, if you do that, you put your company at risk. While you concentrate on steering around potholes, you'll miss windfall opportunities, not to mention any signals that the road you're on is leading off a cliff. This is a tough job, make no mistake. "We need strategic leaders!” is a pretty constant refrain at every company, large and small. One reason the job is so tough: no one really understands what it entails. It's hard to be a strategic leader if you don't know what strategic leaders are supposed to do. After two decades of advising organizations large and small, my colleagues and I have formed a clear idea of what's required of you in this role. Adaptive strategic leaders — the kind who thrive in today’s uncertain environment – do six things well: Anticipate Most of the focus at most companies is on what’s directly ahead. The leaders lack “peripheral vision.” This can leave your company vulnerable to rivals who detect and act on ambiguous signals. To anticipate well, you must: Look for game-changing information at the periphery of your industry Search beyond the current boundaries of your business Build wide external networks to help you scan the horizon better Think Critically “Conventional wisdom” opens you to fewer raised eyebrows and second guessing. But if you swallow every management fad, herdlike belief, and safe opinion at face value, your company loses all competitive advantage. Critical thinkers question everything. To master this skill you must force yourself to: Reframe problems to get to the bottom of things, in terms of root causes Challenge current beliefs and mindsets, including their own Uncover hypocrisy, manipulation, and bias in organizational decisions Interpret
  • 2. Ambiguity is unsettling. Faced with it, the temptation is to reach for a fast (and potentially wrongheaded) solution. A good strategic leader holds steady, synthesizing information from many sources before developing a viewpoint. To get good at this, you have to: Seek patterns in multiple sources of data Encourage others to do the same Question prevailing assumptions and test multiple hypotheses simultaneously Decide Many leaders fall pretty to “analysis paralysis.” You have to develop processes and enforce them, so that you arrive at a “good enough” position. To do that well, you have to: Carefully frame the decision to get to the crux of the matter Balance speed, rigor, quality and agility. Leave perfection to higher powers Take a stand even with incomplete information and amid diverse views Align Total consensus is rare. A strategic leader must foster open dialogue, build trust and engage key stakeholders, especially when views diverge. To pull that off, you need to: Understand what drives other people's agendas, including what remains hidden Bring tough issues to the surface, even when it's uncomfortable Assess risk tolerance and follow through to build the necessary support Learn As your company grows, honest feedback is harder and harder to come by. You have to do what you can to keep it coming. This is crucial because success and failure--especially failure--are valuable sources of organizational learning. Here's what you need to do: Encourage and exemplify honest, rigorous debriefs to extract lessons Shift course quickly if you realize you're off track Celebrate both success and (well-intentioned) failures that provide insight Do you have what it takes? Obviously, this is a daunting list of tasks, and frankly, no one is born a black belt in all these different skills. But they can be taught and whatever gaps exist in your skill set can be filled in. I'll cover each of the aspects of strategic leadership in more detail in future columns. Paul J. H. Schoemaker: Founder and Chairman of Decision Strategies Intl. Author, professor, entrepreneur and speaker. Research Director of the Mack Center for Technological Innovation at Wharton, where he teaches strategy and decision-making. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • 3. __._,_.___ TRAINERS FORUM - The LARGEST Community of TRAINERS in India (and beyond!). To get in touch with over 6000 Trainers,