Enhance your decision making with these 5 Do's and Don'ts for Measuring Intangibles! 📊 Do's: Define Your Metrics Clearly 🎯 Use the AIE Framework 📈 Focus on Reducing Uncertainty 🌐 Quantify What Matters 📊 Leverage Hubbard Decision Research's Expertise 🔍 Don'ts: Ignore Intangibles 🚫 Rely Solely on Simple Metrics 📉 Underestimate Their Impact 💡 Overlook Proper Definitions 🔍 Be Afraid of Complexity 🤔 Measure the "immeasurable" and make smarter decisions. Visit the website for more: https://lnkd.in/eQ3b3U8
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Show, Don't Tell: 3 Actionable Ways to Prove You're a Strategic Thinker (Inspired by means of Harvard Business Review) Want to differentiate yourself in your field and impress hiring managers or colleagues? But how do you show it rather than say it? Forget about all the storytelling and act! This is what you can do: 1. Be the Question Master: ❓ Strategic thinkers are not afraid of questions. They go beyond mere surface level inquiries. To challenge assumptions, ask: “Have we considered alternative approaches?” To uncover hidden connections, ask: “How would this decision impact other departments?” To spark thoughtful dialogue, ask: “What does this mean for us over the long run?” 2. Paint the Big Picture: Don’t just concentrate on today’s assignment alone. Display an understanding of the bigger picture. Focus on: Industry trends: “This aligns with the growing demand for x, which creates opportunity…” Competitive landscape: “Our competitor Y recently made a move so maybe we should think about…” Long-term goals: “This action supports our strategic aim of reaching Z by 202X.” 3. Embrace the "What If?": Possible risks and mitigation strategies: “This approach might face hurdle X, but we can address it by…” Unforeseen consequences: “Implementing this could lead to Y, which we should be prepared for…” Alternative scenarios: “What if market conditions change? Here’s a contingency plan…” Remember: Actions speak louder than words. By actively applying these tips in your daily work, you’ll showcase your strategic thinking skills and earn recognition as a valuable asset. What are YOUR ways to demonstrate strategic thinking? Share in the comments! #strategicthinking #hbr #careerdevelopment #leadership #professionalgrowth #linkedintips
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🌟 𝐄𝐋𝐄𝐕𝐀𝐓𝐄 𝐘𝐎𝐔𝐑 𝐄𝐗𝐄𝐂𝐔𝐓𝐈𝐕𝐄 𝐆𝐀𝐌𝐄 𝐖𝐈𝐓𝐇 𝐌𝐀𝐒𝐓𝐄𝐑𝐅𝐔𝐋 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒 𝐍𝐄𝐆𝐎𝐓𝐈𝐀𝐓𝐈𝐎𝐍𝐒 🌟 In the fast-paced business world, sharpening your skills is key. I recently navigated a complex deal that not only met our strategic goals but also advanced our commitment to sustainability by integrating eco-friendly packaging solutions. Here's how a focused approach can transform your negotiations: 𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐀𝐈-𝐝𝐫𝐢𝐯𝐞𝐧 𝐃𝐚𝐭𝐚: Utilize artificial intelligence to gather insights and foresee market trends. This empowers you to stay ahead and make informed decisions. 𝐄𝐧𝐠𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐄𝐦𝐩𝐚𝐭𝐡𝐲: Understanding the other party's needs and constraints can turn a standoff into a partnership. 𝐒𝐮𝐬𝐭𝐚𝐢𝐧 𝐲𝐨𝐮𝐫 𝐁𝐫𝐚𝐧𝐝: Emphasize commitments like reducing carbon footprints, which not only achieve business goals but enhance your brand’s image. Would love to hear your thoughts or strategies on how you handle negotiations! Have you integrated sustainability into your negotiation processes yet? 👇 Feel free to comment below, share your insights, or tag someone who could add to this discussion! #BusinessNegotiations #Leadership #Sustainability #CorporateResponsibility #ExecutiveSkills Let's discuss and elevate our negotiation tactics together!
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𝐖𝐚𝐧𝐭 𝐭𝐨 𝐓𝐚𝐤𝐞 𝐚 𝐅𝐫𝐞𝐞 𝐂𝐨𝐮𝐫𝐬𝐞 𝐢𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲? 𝐒𝐭𝐚𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐡𝐞𝐬𝐞 𝐓𝐨𝐩 𝐇𝐁𝐑 𝐀𝐫𝐭𝐢𝐜𝐥𝐞𝐬! Dive into these essential reads to master the art of strategic thinking: "𝐖𝐡𝐚𝐭 𝐈𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲?" 𝐛𝐲 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐄. 𝐏𝐨𝐫𝐭𝐞𝐫 - Distinguishes between operational effectiveness and strategy, emphasizing unique activities. "𝐓𝐡𝐞 𝐅𝐢𝐯𝐞 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐅𝐨𝐫𝐜𝐞𝐬 𝐓𝐡𝐚𝐭 𝐒𝐡𝐚𝐩𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲" 𝐛𝐲 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐄. 𝐏𝐨𝐫𝐭𝐞𝐫 - Analyzes how industry structure drives competition. "𝐑𝐞𝐢𝐧𝐯𝐞𝐧𝐭𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥" 𝐛𝐲 𝐌𝐚𝐫𝐤 𝐖. 𝐉𝐨𝐡𝐧𝐬𝐨𝐧, 𝐂𝐥𝐚𝐲𝐭𝐨𝐧 𝐌. 𝐂𝐡𝐫𝐢𝐬𝐭𝐞𝐧𝐬𝐞𝐧, 𝐚𝐧𝐝 𝐇𝐞𝐧𝐧𝐢𝐧𝐠 𝐊𝐚𝐠𝐞𝐫𝐦𝐚𝐧𝐧 - Discusses the components of a business model. "𝐁𝐥𝐮𝐞 𝐎𝐜𝐞𝐚𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲" 𝐛𝐲 𝐖. 𝐂𝐡𝐚𝐧 𝐊𝐢𝐦 𝐚𝐧𝐝 𝐑𝐞𝐧é𝐞 𝐌𝐚𝐮𝐛𝐨𝐫𝐠𝐧𝐞 - Introduces the concept of creating uncontested market space. "𝐓𝐡𝐞 𝐒𝐞𝐜𝐫𝐞𝐭𝐬 𝐭𝐨 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐨𝐧" 𝐛𝐲 𝐆𝐚𝐫𝐲 𝐋. 𝐍𝐞𝐢𝐥𝐬𝐨𝐧, 𝐊𝐚𝐫𝐥𝐚 𝐋. 𝐌𝐚𝐫𝐭𝐢𝐧, 𝐚𝐧𝐝 𝐄𝐥𝐢𝐳𝐚𝐛𝐞𝐭𝐡 𝐏𝐨𝐰𝐞𝐫𝐬 - Provides insights on effective strategy implementation. "𝐓𝐮𝐫𝐧𝐢𝐧𝐠 𝐆𝐫𝐞𝐚𝐭 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐢𝐧𝐭𝐨 𝐆𝐫𝐞𝐚𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞" 𝐛𝐲 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐂. 𝐌𝐚𝐧𝐤𝐢𝐧𝐬 𝐚𝐧𝐝 𝐑𝐢𝐜𝐡𝐚𝐫𝐝 𝐒𝐭𝐞𝐞𝐥𝐞 - Offers ways to close the gap between strategy and performance. "𝐓𝐫𝐚𝐧𝐬𝐢𝐞𝐧𝐭 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞" 𝐛𝐲 𝐑𝐢𝐭𝐚 𝐆𝐮𝐧𝐭𝐡𝐞𝐫 𝐌𝐜𝐆𝐫𝐚𝐭𝐡 - Explores the concept of transient competitive advantages in dynamic markets. "𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐚𝐬 𝐒𝐢𝐦𝐩𝐥𝐞 𝐑𝐮𝐥𝐞𝐬" 𝐛𝐲 𝐊𝐚𝐭𝐡𝐥𝐞𝐞𝐧 𝐌. 𝐄𝐢𝐬𝐞𝐧𝐡𝐚𝐫𝐝𝐭 𝐚𝐧𝐝 𝐃𝐨𝐧𝐚𝐥𝐝 𝐍. 𝐒𝐮𝐥𝐥 - Highlights how simple rules can guide strategic decision-making in high-velocity markets. Reading these articles will provide a comprehensive understanding of strategic principles and practices. Which of these articles resonates most with you? Share your thoughts in the comments! Refer first comment for link to each article. #Strategy #HBR #BusinessLeadership
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If you want to become better at decision making, keep a decision journal. Briefly summarize the issue. List the alternatives evaluated. Identify the pros and cons considered. List the risks and corresponding liklihood. Use a number (I prefer a percentage) to reflect your confidence in this decision. Then set a date when you'll retrieve this journal entry and compare your decision to the outcome. It's rare to find an organization that does this. But, you can use this practice to improve your personal decision making.
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Good reading by Walter Frick on key rules to get better at decision making… 1) Be Less Certain: What else would we think about if we are less sure that A would cause B, or that B is preferable to C? 2) Ask “How Often Does That Typically Happen?”: If we think outcome B is preferred, ask: How often has that been the case? 3) Brush Up on Our Understanding of Probability: Improving ability to think probabilistically helps with the first two rules #NutritionForMind https://lnkd.in/g6TGUXQV
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-Let fear overcome their decision making. -Don’t have enough knowledge to make informed decisions. -Can’t generate their own ideas so they give up. Source:- Marketscreener.com #sharemarkettips #jindalconnections #telegramchannel #marketanalysis
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Using a Business Model to strategies,plan and implement BUSINESS Programs and activities helps you focus on what you want to achieve and move the business in a success mode. I have used Model 1 and 6. Would love to utilize the other 4 business models. I will definitely share my success story after trialing them out. Encouraging you to adapt a business modem and use that to solve a problem, situation, issue etc.
6 Key Business Models Credits to Kevin Box🚀, follow him for more valuable content. ------ Here's the original post: This will kill your career as a leader. (Not joking) Some leaders lack basic business acumen that most learn in their first semester of Business School. And it’s killing their career growth. According to the Harvard Business Review, leaders who possess a higher business acumen are 40% more likely to make it to the executive level. Why? Because in today’s competitive landscape, you must set yourself apart from the also-rans gunning for your promotion. To think otherwise is to light a stick of dynamite at the feet of your next big job offer. In this Fuel Your Growth matrix, we explore six business frameworks that every leader must know. The six are: 1. McKinsey’s 3 Horizons 2. Smart Insights Framework 3. Porter’s Five Forces Analysis 4. TAM SAM SOM 5. Ohmae’s 3 C’s 6. The GE-McKinsey Nine-Box Matrix ------- Follow Business Infographics to learn from the best visuals.
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6 Key Business Models Credits to Kevin Box🚀, follow him for more valuable content. ------ Here's the original post: This will kill your career as a leader. (Not joking) Some leaders lack basic business acumen that most learn in their first semester of Business School. And it’s killing their career growth. According to the Harvard Business Review, leaders who possess a higher business acumen are 40% more likely to make it to the executive level. Why? Because in today’s competitive landscape, you must set yourself apart from the also-rans gunning for your promotion. To think otherwise is to light a stick of dynamite at the feet of your next big job offer. In this Fuel Your Growth matrix, we explore six business frameworks that every leader must know. The six are: 1. McKinsey’s 3 Horizons 2. Smart Insights Framework 3. Porter’s Five Forces Analysis 4. TAM SAM SOM 5. Ohmae’s 3 C’s 6. The GE-McKinsey Nine-Box Matrix ------- Follow Business Infographics to learn from the best visuals.
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Frameworks for decision making every leader should know....
6 Key Business Models Credits to Kevin Box🚀, follow him for more valuable content. ------ Here's the original post: This will kill your career as a leader. (Not joking) Some leaders lack basic business acumen that most learn in their first semester of Business School. And it’s killing their career growth. According to the Harvard Business Review, leaders who possess a higher business acumen are 40% more likely to make it to the executive level. Why? Because in today’s competitive landscape, you must set yourself apart from the also-rans gunning for your promotion. To think otherwise is to light a stick of dynamite at the feet of your next big job offer. In this Fuel Your Growth matrix, we explore six business frameworks that every leader must know. The six are: 1. McKinsey’s 3 Horizons 2. Smart Insights Framework 3. Porter’s Five Forces Analysis 4. TAM SAM SOM 5. Ohmae’s 3 C’s 6. The GE-McKinsey Nine-Box Matrix ------- Follow Business Infographics to learn from the best visuals.
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Unlock your potential for success by enhancing your strategic thinking skills! 🚀 Check out this insightful article on how to become a better strategic thinker and elevate your decision-making prowess in both personal and professional spheres. 💡 #StrategicThinking #SuccessMindset #Buildingabetterworkingworld
How to Become a Better Strategic Thinker
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