How to enhance strategic thinking

Abstract

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings In the view of many analysts, how an organization performs is determined to some extent by strategic thinking. Having leaders with essential traits, behaviors and actions is therefore imperative. The importance of strategic thinking is acknowledged within many companies. Despite this, its development is typically far from smooth. Objectives lack clarity, participation is limited and a narrow range of approaches are evident. Inadequate assessment of programs is an additional impediment. Use of competency models is seen as one way of addressing these problems. Such models have been variously defined but are essentially aimed at ascertaining general and specific skills and attributes needed to perform a job efficiently. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.