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WELCOME Strategic Thinking and Acting

WELCOME Strategic Thinking and Acting. Strategic Thinking and Strategic Acting : A collaborative approach to moving forward with clarity and conviction. Video. OVERVIEW. Overview Why think at all? A balcony view Defining strategic thinking Why i t matters

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WELCOME Strategic Thinking and Acting

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  1. WELCOMEStrategic Thinking and Acting Strategic Thinking and Strategic Acting: A collaborative approach to moving forward with clarity and conviction. Video

  2. OVERVIEW Overview Why think at all? A balcony view Defining strategic thinking Why it matters Review strategic thinking skills - steps From thinking it to doing it Parameters of strategic acting Looking ahead, reflection

  3. TAKE 10: TIME TO THINK • When and where do you find the time to engage in focused thinking? • How do you define strategic thinking and how does it apply to your work/life?

  4. WHY DO WE THINK AT ALL? Thinking (noun) - The process of using one's mind to consider or reason about something. • Strategic thinking is the ability to see the total enterprise, to spot the trends and understand the competitive landscape, to see where the business needs to go, and to lead it into the future.

  5. THREE LEVELS OF THINKING

  6. FOUR TYPES OF DECISIONS

  7. ASSESSING STRATEGIC THINKING SKILLS

  8. STRATEGIC THINKING The cognitive processes required for the collection, interpretation, generation, and evaluation of information and ideas. (Hughes & Beatty, 2005) • The information and ideas that emerge become critical building-blocks which inform how we plan for our organizations, our professional responsibilities, and our careers.

  9. STRATEGIC THINKING AND LEADERS • The key task assigned to the leader is to climb up on the balcony and point the way forward. • They influence people toward a specific direction, goal, objective, or outcome. • This requires knowledge of trends, events, and emerging themes that could in some way impact how the leader moves the team or organization forward. • Information gathered from thinking strategically provides a more comprehensive, informed, and detailed approach to strategic acting.

  10. STRATEGIC THINKING STEPS • Scan the environment • Build a vision • Reframe • Make sense • Use systems (and scenario) thinking

  11. STRATEGIC THINKING CONSIDERATIONS • Embrace uncertainty • Examine uncomfortable scenarios • Keep opposites in mind • Remember success can be blinding

  12. About Case studies Case studies require us to analyze problem situations and reach our own conclusions concerning the outcome. • Name the issue. • Review the facts. • WHO is the ultimate decider? • List the key stakeholders. • Determine what matters. • Assess why it matters and to whom. • Assess your relationship with key stakeholders. • Make a recommendation.

  13. CASE STUDY Richardson College • Hired consultants • Review the options • Consider outcomes • Make recommendations to task force

  14. Strategic Acting Assessment • Nine questions using a five-point Likert Scale where: • 1 = Considerable Improvement Needed • 3 = Moderate Improvement Needed • 5 = No Improvement Needed

  15. Assessing your Strategic Acting Skills Adapted from the Strategic Acting Skills Assessment (Hughes & Beatty, 2005)

  16. Strategic Acting • Engaging in thoughtful action that is connected to the ideas and possibilities that emerge from strategic thinking and which build momentum, value,and advantage for the organization, department, or team. Lee Iacocca observed, “If I had to sum up in one word what makes a good manager, I’d say decisiveness. You can use the fanciest computers to gather numbers, but in the end you have to set a timetable to act.” Iacocca: An Autobiography (1984, p. 50)

  17. Strategic Acting • Take action in the organization despite the volatility, uncertainty, complexity, and ambiguity. • Commit specific resources which support key decisions and actions for the organization: • Time • Money • People • Personal and organizational reputation

  18. Importance of Strategic Acting • Leaders influence through their actions; what they do should not be haphazard or inconsistent but rather a direct reflection of their overall strategy. • Leaders engage in actions that are ultimately designed to strengthen the performance of others, the organization, and indirectly improve their own value.

  19. STRATEGIC ACTING STEPS • Set clear priorities. • Create conditions for others to excel. • Teach others to think about strategy. • Act decisively in the face of a VUCA environment. • Act with both the short-term and the long-term in view. • Exercise courage and confidence in your decision making.

  20. CASE STUDY - PART II Richardson College • 2/4 year options • Decision is made • How to proceed • Need strategy for implementation • Consultants called back to help

  21. PUTTING IT ALL TOGETHER • Climb up on the balcony of your life. • Engage in focused, strategic thinking. • Identify strategic actions needed to advance organizational and personal objectives. • Make informed decisions based on strategic (scenario) considerations. • Exercise courage that is informed and responsive .

  22. What’s your plan tomorrow? This time tomorrow • How will you build time in your schedule to engage in strategic thinking and acting? • Who will you talk to about strategic thinking and acting in your organization? • What needs to happen in your discipline, department, or larger institution to begin to think and act strategically? • What are the most pressing organizational, professional, or personal areas that you feel need to be addressed? • Who will you surround yourself with to build support and courage to think and act strategically? TIMED PAIR SHARE

  23. BUILD MY ALIGNMENT PLAN (MAP)

  24. WRITING AND REFLECTION Record two to three ideas or issues that came out of the discussion that were most meaningful to you.

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