Strategic Thinking versus Strategic 'Planning'

Dr. William (Bill) Corley,
Consultant, Atlanta, Georgia


"Innovate. If you're not innovating...you're decaying."

My preferred description of a valid contemporary planning process is: "Strategic Thinking"

Most of us, though, belong to the "Christopher Columbus School of Management." Here's Columbus:

Most strategic plans" consist of...

It's logical, easy to develop, BUT not enough! Ther're mostly quantitative rather than qualitative!

What our organizations need is:

"More than ever, insight into tomorrow is the difference between success and failure." Think globally; act locally; stay in front of the trends. READ! At least books a month! Anticipate what's going to happen; develop programs to meet those needs.

From 1961 to 1986, GE led the world in new patents. In 1990, it was 5th; in '91, 8th. GE, like most U.S. companies was "stuck in rut" and surpassed by many foreign companies. GE was "lost" in its strategic plan.

"Foreign competition" bested us while we were engrossed in "strategic planning." It doesn't work! Why?

"We are engaging in the Third World War. This one won't be won by Schwartzkoff. It's going to be won by someone who can think." July 8, 1991, Forbes magazine

Strategic Thinking (ST) causes us to think through qualitative aspects; we must decide on a common and shared vision and strategy for the future of the organization.

The two key elements for Strategic Thinking:

Strategic Thinking…

Decision that "fit" [the profile, vision] are kept, applied; all others ignored, rejected

Strategic Thinking is the framework for strategic and organizational plans.

An organization's strategic profile:

Questions tou should ask:

Vision - a mental image produced by the imagination
Value - "a principle or standard considered worthwhile or desirable."

10 steps that keeps Strategic Thinking off the shelf and into action...