Change Perspective and Think Strategically - Mind Tools Blog

Change Your Perspective and Think Strategically

May 26, 2014


Rich-Horwath_200x250Clearly, leaders need to be able to think strategically in order to lead effectively. But what does “strategic thinking” actually mean?

In our Expert Interview with Rich Horwath, he defines “a strategy” as a plan to allocate your limited resources, time, talent and budget to achieve your goals and objectives; and “strategic thinking” as the ability to generate new insights or ideas that achieve some kind of advantage.

For Horwath, this advantage can be gained by focusing on three disciplines:

  • Coalesce (or bring together).
  • Compete.
  • Champion.

In his new book, “Elevate“, he explains how you can use these disciplines to your advantage, and he discusses the importance of ‘tradeoffs’ – choosing what not to do.

Listen to the full interview
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Check out the rest of our Expert Interview (premium members only) for more of Rich’s tips on strategic thinking.

Question: What’s your definition of strategic thinking – and how can we get better at it? And what do you prioritize when developing strategy? Join the discussion below!

2 thoughts on “Change Your Perspective and Think Strategically

  1. YolandeMT wrote:

    Hi Mark

    Thanks for sharing. Working without strategy is like being swept around by strong winds or currents!
    What values do you hold important in your business / career and how do they influence your strategy? Looking forward to hear from you.

  2. Mark Grant wrote:

    I agree with your points. Michael Porter summarises it brilliantly in this 2 minute clip, what is strategy?
    …plans and actions that lead to competitive advantage, built around values.

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