Transcript of Building Strategic Thinking in your Senior Team Delphia E. Croft Managing Principal Croft Consulting...
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- Building Strategic Thinking in your Senior Team Delphia E.
Croft Managing Principal Croft Consulting Group, LLC Brian Acton
President/CEO BMWC Constructors
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- 2014 Croft Consulting Group, LLC2 A True Story
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- 2014 Croft Consulting Group, LLC3 Strategic Thinking Being a
strategic business leader requires both business acumen and
leadership readiness. It requires higher order thinking, in-depth
knowledge and understanding, well-developed mental and emotional
capacity, a great deal of energy and ability to focus. Thinks from
the outside incan link back from the inside out Thinks from the
future to nowthen, can link decisions/actions from now back to the
future Sees the impact of todays decisions on the future Takes a
broad, long-range approach to problem-solving and decision-making
Being able to think in multiple time framesidentifying 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 Involves
objective analysis, thinking ahead and planning Can visualize the
whole organization Links disparate pieces of information, across
boundaries, multiple constituencies
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- 2014 Croft Consulting Group, LLC4 How important is ita recent
study 60,000 managers/executives, 140+ countries, 26 industries 22
leadership practices and 20 measures of effectiveness Leadership
practices examples: innovation, persuasion, communication, results
orientation Effectiveness measures examples future potential,
credibility, business aptitude, people skills Strategic approach to
leadership on average 10 x more important to the perception of
effectiveness than other behaviors studied 2x as important as
communication (the second most important behavior) Almost 50x more
important than hands-on tactical behaviors (Does NOT mean that
tactical behaviors arent important, but they dont differentiate the
highly effective leaders from everyone else) Leaders who scored
well were 6x more likely to be seen as effective as the leaders
that were low on them independent of any of their other behaviors
4x more likely to be seen as individuals with significant future
potential within their organizations
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- 2014 Croft Consulting Group, LLC5 Developing Strategic Business
Leaders Encourage managers to set aside time for strategic thinking
and planning (alone and with others). Learning to think
strategically and develop a strategic approach takes time. Help
them understand that it should be a regular part of their job. Keep
your leaders/managers abreast on what is going on in the market,
the industry, with customers, competitors, new technologies, etc.
that will impact your business now and in the future Keep people
informed on what is happening internally. Actualizing a vision and
executing a strategy requires a free flow of information across
organizational boundaries Connect leaders with a strategic
mentorsomeone who can help keep people focused on strategic
objectives and the impact of their actions. Communicate your
organizational intentions throughoutphilosophy, mission, goal
statements etc. Reward people for evidence of thinking, not just
reacting, wherever possibleshould be part of your cultureproactive
vs. reactivegenerate solutions with the future in mind not just for
today Promote a future perspective by incorporating into training
and development programs Teach what strategic thinking is Encourage
why and when questions Ask questions with a link to a specific
strategic initiative, future impact or impact on customers or
internal stakeholders
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- Board of Directors Executive Leadership Team Operations
Leadership Team 1.President 2.VP Construction 3.Director of HR 4.VP
Marketing & Sales 5.CFO 6.Corp. Controller 7.President Western
Region 8.General Manager Munster 1.VP Construction 2.Manager IS
3.Director of Quality 4.VP Project Services 5.Corporate Counsel
6.President Western Region 7.GM Indianapolis 8.GM Munster
9.Director of Safety