I recently received a great question from a twitter friend, Chelsea Duchene @GoFigureChelsea Who asked “how do you switch from opportunity seeking to strategic thinking”? I am paraphrasing slightly, see the conversation above.
What a great question. Over the last decade I have been privileged to design and develop strategies for Small and Medium Businesses, Government Departments, NGO’s, and Social Entrepreneurs. I have noticed that those organisations and projects that invest in and commit to sound strategy are more productive and more pleasant to be involved with.
Being a Strategic Thinker
Being a Strategic Thinker is about having a framework you can repeatedly apply to shift you and your business towards a predetermined goal or target. This framework then becomes a filter through which you make decisions about any new tactics or opportunities and actions are you going to take.
As human beings we are rather irrational illogical creatures. We can tend to become overwhelmed by the pletora of opportunities available to us and mountain of information raining on us.Having a documented strategy that you had committed to, manages the distraction of shiny new objects, and it mitigates against becoming a rampant opportunity chasers.
When you break it down a digital strategy or any strategy for that matter has five key components.
Five Key Components Of Digital Strategy
The first component is assessment or an inventory of the current situation. A big picture view of the environment in which the strategy is operating. This would typically involve some research or fact-finding, however it can be as simple as taking a page and jotting down all the assets or strengths that you currently have or can draw on and a profile of all of the stakeholders that are affected by or involved in the strategy .
The second element is goals or targets, documenting what it is that you want from the strategy.
The third component is an action plan with some activities or actions that you will take in order to reach your goals or targets
The fourth element is some kind of measurement. Metrics that you will use to determine if your strategy is on target or if you need to alter your actions to reach the goals or targets you’ve set out in your strategy.
The fifth and final element is planned reflection or review. The key word is planned. It’s vital to evaluate if your actions and tactics are leading you towards or away from your targets and how are they performing based on the resources you’re using.
Tip of the hat to @eventatpowwows and Rich Schefren for getting the conversation started.
I’d love to know your thoughts? How do you keep in a strategic frame of mind?








