Do leaders at your organization know what strategy is and how they can create it? Rich Horwath, CEO of the Strategic Thinking Institute, thinks the answer might surprise you. “Pass out notecards at your next meeting and ask everybody to write down their definition of strategy. You’ll typically find that most people don’t have the same definition. Before you can have sound strategic thinking in place, there needs to be an understanding of what strategy is, and how it differs from other business planning terms like mission, vision, goals, objectives and tactics.”
How can leaders at your organization think and act more strategically? Horwath shares some tips.