A Closer Look at Strategic Thinking

You might have heard about strategic thinking and strategic planning, and you might be thinking that they are practically the same. However, thinking strategically and planning strategically are two different concepts but they are quite interrelated and complementary. While planning strategically involves a systematic programming of pre-identified strategies, thinking strategically involves a more integrated perspective of the organization. This underscores the role of strategic thinking in seeking innovation through having thoughts about different futures that can lead an organization to redefine its core strategies, as well as its industry.