Written by: The Balanced Scorecard Institute
“I think and think for months and years. Ninety-nine times, the conclusion is false. The hundredth time I am right.” (Einstein).
Strategy development is not a “cookbook” process. It is a challenging, heuristic task that requires strategic thinking. Strategic thinking involves several traits:
- The ability to use consistent definitions of planning terms and to understand their distinctions;
- Awareness of the distinctions between project planning and strategic planning;
- The ability to discuss and describe items in plans at the appropriate “strategic altitude”;
- Awareness of the dynamic system effects in organizations, such as delays and feedback;
- The openness to new ideas and encouragement of creativity and innovation;
- The openness of the planning process to a team of employees of various ranks and functions;
- The degree to which alternative strategies and scenarios are considered;
- The linkage of strategic planning to budgeting;
- The ability to write and speak with clarity and simplicity.
Evidence for the degree of strategic thinking can be found in the organization’s strategic planning documents.
Enhance your #strategicthinking and #strategicdevelopment skills by registering for the Balanced Scorecard Associate Certificate Programme carded for March 25th, 26th & 27th, 2020 at the Lok Jack GSB, Campus.
To learn more about becoming an internationally certified Balanced Scorecard Associate click HERE
For further information:
(868) 310-3031 (Trinidad) or +592-673-5980 (Guyana)
odac@lokjackgsb.edu.tt
