Supply chain nightmares, pandemics, policymaking uncertainty, climate change, geopolitical and social upheaval, and rapid technological innovation. These are just some of the unpredictable factors that executives must grapple with as they strive to make the best decisions for their companies, investors, employees, and society.Â
How leaders respond to these challenges defines the fate of their businesses. Those who manage to cut through the confusion give their organizations the best chance of surviving and thriving in an age of unprecedented turbulence. Those who fail to do so leave their ships at the mercy of the storm. Â
But how can you chart a clear and well-founded course when such chaos abounds? I believe there is a way to, at least, put yourself in with the best shot of success: strategic thinking. Thankfully, rather than the sacred domain of a chosen few visionaries, this is a capability that anyone can learn. Â
In my book, The Six Disciplines of Strategic Thinking: Leading Your Organization into the Future, I explore what constitutes strategic thinking, why executives need to adopt this approach to decision-making and leadership, and how to train to do so; how to communicate that approach and its outcomes effectively with their teams; and how to imbibe those teams with the ability to think strategically too. Â
What is strategic thinking?Â
Strategic thinking enables us to scan and assess the landscape to identify potential risks, threats, and opportunities. Based on this assessment, it allows us to figure out what is important and what is not, and, from there, to inspire our organizations to envision and execute the most promising ways of navigating and solving present challenges to thrive in the future. Â
Just as the world around us is not linear, strategic thinking is not a linear process. It’s continuous and cyclical. In revolving through the process in this way, you give your organization the best shot at staying one step ahead of the competition. I call this process RPM: recognize, prioritize, and mobilize (see graphic below). Â