Thursday, September 10, 2009

The Strategic Thinker Issue #2 : Obstacles To Strategic Thinking

Like most senior executives, you are putting in over 60 hours at work each week. How much of these 60-plus hours are spent on strategic – as opposed to operational – issues? Research has found that senior executives like yourself spend less than 10% of a 60-hour week on strategic matters. Hardly enough, especially in these challenging times. And we wonder why many of us consistently get caught off guard by “unpredictable” and sudden events – a certain legislation got passed “overnight”, a competitor has teamed up with another firm and introduced a disruptive business model, an significant client decided to take his business to the competitor across the road, the list goes on . . .

When was the last time you sat your management team members down, gave each one of them a clean sheet of paper, and insisted that they wrote down – in 2 or 3 paragraphs – where you were taking the business? If you haven’t done that before, we’d suggest that you do it soon . . . You might be in for a shocking discovery!

What are we getting at? Simply that there are several obstacles to strategic thinking in organizations that are totally in the hands of seniors executives. Read on by clicking reading our full article here.

It may be the best first step to achieving supremacy in your sandbox!

Visit the Strategic Thinking Process section of DPI Asia's website here.