What leadership skill do your employees, colleagues, and peers view as the most important for you to have? According Robert Kabacoff, the vice president of research at Management Research Group, a company that creates business assessment tools, it's the ability to plan strategically.
He has research to back it up: In the Harvard Business Review, he cites a 2013 study by his company in which 97 percent of a group of 10,000 senior executives said strategic thinking is the most critical leadership skill for an organization's success. In another study, he writes, 60,000 managers and executives in more than 140 countries rated a strategic approach to leadership as more effective than other attributes including innovation, persuasion, communication, and results orientation.
But what's so great about strategic thinking? Kabacoff says that as a skill, it's all about being able to see, predict, and plan ahead: "Strategic leaders take a broad, long-range approach to problem-solving and decision-making that involves objective analysis, thinking ahead, and planning. That means being able to think in multiple time frames, identifying what they are trying to accomplish over time and what has to happen now, in six months, in a year, in three years, to get there," he writes. "It also means thinking systemically. That is, identifying the impact of their decisions on various segments of the organization--including internal departments, personnel, suppliers, and customers."
As a leader, you also need to pass strategic thinking to your employees, Kabacoff says. He suggests instilling the skill in your best managers first, and they will help pass it along to other natural leaders within your company's ranks. Below, read his five tips for how to carry out this process.
Dish out information.
Kabacoff says that you need to encourage managers to set aside time to thinking strategically until it becomes part of their job. He suggests you provide them with information on your company's market, industry, customers, competitors, and emerging technologies. "One of the key prerequisites of strategic leadership is having relevant and broad business information that helps leaders elevate their thinking beyond the day-to-day," he writes.
Create a mentor program.
Every manager in your company should have a mentor. "One of the most effective ways to develop your strategic skills is to be mentored by someone who is highly strategic," Kabacoff says. "The ideal mentor is someone who is widely known for his/her ability to keep people focused on strategic objectives and the impact of their actions."
Create a philosophy.
As the leader, you need to communicate a well-articulated philosophy, a mission statement, and achievable goals throughout your company. "Individuals and groups need to understand the broader organizational strategy in order to stay focused and incorporate it into their own plans and strategies," Kabacoff writes.
2. Abney Ramsay Associates
What leadership skill do your employees, colleagues, and peers view as
the most important for you to have? According Robert Kabacoff, the
vice president of research at Management Research Group, a company
that creates business assessment tools, it's the ability to plan
strategically.
3. Abney Ramsay Associates
He has research to back it up: In the Harvard Business Review, he cites a
2013 study by his company in which 97 percent of a group of 10,000 senior
executives said strategic thinking is the most critical leadership skill for an
organization's success. In another study, he writes, 60,000 managers and
executives in more than 140 countries rated a strategic approach to
leadership as more effective than other attributes including innovation,
persuasion, communication, and results orientation.
But what's so great about strategic thinking? Kabacoff says that as a skill,
it's all about being able to see, predict, and plan ahead: "Strategic leaders
take a broad, long-range approach to problem-solving and decision-making
that involves objective analysis, thinking ahead, and planning.
4. Abney Ramsay Associates
That means being able to think in multiple time frames, identifying what
they are trying to accomplish over time and what has to happen now, in
six months, in a year, in three years, to get there," he writes. "It also
means thinking systemically. That is, identifying the impact of their
decisions on various segments of the organization--including internal
departments, personnel, suppliers, and customers."
As a leader, you also need to pass strategic thinking to your employees,
Kabacoff says. He suggests instilling the skill in your best managers first,
and they will help pass it along to other natural leaders within your
company's ranks. Below, read his five tips for how to carry out this
process.
5. Abney Ramsay Associates
Dish out information.
Kabacoff says that you need to encourage managers to set aside time to
thinking strategically until it becomes part of their job. He suggests you
provide them with information on your company's market, industry,
customers, competitors, and emerging technologies. "One of the key
prerequisites of strategic leadership is having relevant and broad
business information that helps leaders elevate their thinking beyond
the day-to-day," he writes.
6. Abney Ramsay Associates
Create a mentor program.
Every manager in your company should have a mentor. "One of the
most effective ways to develop your strategic skills is to be mentored
by someone who is highly strategic," Kabacoff says. "The ideal mentor is
someone who is widely known for his/her ability to keep people
focused on strategic objectives and the impact of their actions."
7. Abney Ramsay Associates
Create a philosophy.
As the leader, you need to communicate a well-articulated philosophy,
a mission statement, and achievable goals throughout your company.
"Individuals and groups need to understand the broader organizational
strategy in order to stay focused and incorporate it into their own
plans and strategies," Kabacoff writes.
8. Abney Ramsay Associates
Reward thinking, not reaction.
Whenever possible, try to promote foresight and long-term thinking.
Kabacoff says you should reward your managers for the "evidence of
thinking, not just reacting," and for "being able to quickly generate
several solutions to a given problem and identifying the solution with
the greatest long-term benefit for the organization."
9. Abney Ramsay Associates
Ask "why" and "when.“
Kabacoff says you need to promote a "future perspective" in your
company. If a manager suggests a course of action, you need to him or
her ask two questions: First, what underlying strategic goal does this
action serve, and why? And second, what kind of impact will this have on
internal and external stakeholders? "Consistently asking these two
questions whenever action is considered will go a long way towards
developing strategic leaders," he writes.
Visit our website: http://www.araainc.com/
10. Abney Ramsay Associates
Ask "why" and "when.“
Kabacoff says you need to promote a "future perspective" in your
company. If a manager suggests a course of action, you need to him or
her ask two questions: First, what underlying strategic goal does this
action serve, and why? And second, what kind of impact will this have on
internal and external stakeholders? "Consistently asking these two
questions whenever action is considered will go a long way towards
developing strategic leaders," he writes.
Visit our website: http://www.araainc.com/