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From start-ups to big men in the business world, thinking skills and strategic planning always play an essential role for the leadership to select and evaluate individuals in the organization.
Strategic thinking is like looking at things from above. To succeed in today’s highly turbulent integrated technology era, practicing open-minded thinking with a broad-based approach to problems will help you anticipate obstacles and opportunities, thereby make timely and accurate decisions.
Strategic planning is a process of making an organization’s vision more realistic by developing skills in teamwork, problem solving, and applying strategic thinking.
Development is a problem for all individuals and groups. To determine a right direction for the business, leaders need to learn strategic thinking and planning skills because of 4 practical benefits of this skill in the business environment:
1. Outline and clearly orient the development path of the company:
No team can succeed without a detailed and clear development plan.
A concrete strategic plan is a map, showing the best routes for your business through the crisis, reaping profits, and taking advantage of opportunities to succeed. A detailed development plan, which can be quarterly or yearly depending on the nature of the organization, is key to success.
2. Clarifying the core issues to be solved
Since a business plan establishes a specific direction of execution, detail will be emphasized, thereby highlighting weaknesses that need to be overcome as well as their urgency.
In addition, each individual in the business with a detailed plan assigned, can understand and closely follow each market change, in order to adjust the most optimal solution.
3. Help businesses understand their own strengths and weaknesses
“Knowing you know me- a hundred battles a hundred wins”. It is no coincidence that the leaders of large enterprises every year “spend” up to 40% of their time to research to come up with a business strategy that is suitable for their business. Creating a clear development plan gives you the clearest and most comprehensive view of your own strengths and weaknesses, understanding your competitors and most importantly, potential customers.
4. Bringing “life reason” to their own employees
A business with a properly oriented vision and development goal will certainly attract and retain talent. An effective business strategy not only benefits the management when implementing the assignment, but the departments and individuals themselves are aware of their duties and importance. This provides a healthy competitive environment, clear and transparent promotion levels.
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