How to improve your strategic thinking

To improve your strategic thinking skills you need to outline clear goals, collect data and information, and analyze your situation. Here are some details on these steps and others to take to improve your strategic thinking:

• Outline clear goals

  The first step in improving your strategic thinking is to set some goals for yourself, as these will help you to stay motivated and focused when at your job. You can use the SMART method for establishing your strategic thinking goals, this includes goals that are specific, measurable, attainable, relevant, and time-bound (SMART).

• Collect data and information

  Dive into collecting data and information that is relevant to your industry and profession. You can reference industry-related publications, trade journals, public databases, and other information sources to help you gain information on clients, customers, and competitors in your field.

• Analyze the data

  Take the data and information you have researched, and use it to find patterns and trends. You should also use these items to evaluate strengths, weaknesses, risks, and opportunities.

• Use creativity

  Commit to doing daily brainstorming sessions or mind-mapping activities to develop new and innovative ideas, solutions, and strategies.

• Examine your options

  This applies to many different contexts, you should then evaluate your options, and gauge the potential risks and rewards of each decision. Most scenarios are going to have both potential risks and potential benefits.

• Make informed decisions

  Use the research you have performed to make informed decisions and choices. You should also come up with a plan of action for your new strategy or strategies.

• Execute your plan

  Take your plan of action and implement it. Along the way, you should monitor and track its progress, and make any necessary adjustments.

• Learn from your experience

  Evaluate and refine your approach to continue to improve your strategic thinking.