Leaders are often responsible for developing their team's vision, goals, and strategies. Strategic thinking requires the consideration of various factors to ensure a well-rounded decision with a high probability of success. Strategic thinking also comes into play for creative problem-solving and identifying lucrative opportunities.
Example: The COVID-19 pandemic challenged how many industries did business. Companies had to think strategically to survive, such as restaurants expanding their operations outdoors to continue serving customers.
How to improve your strategic thinking skills: Consider leveraging the 6-step strategic process outlined in Pam Didner’s LinkedIn article:
- Articulate your goals clearly
- Research and identify options to reach those goals
- Analyze the options and risks objectively
- Decide on a course of action based on your research and analysis
- Create an implementation plan
- Adapt and adjust along the way
9. Data Literacy Skills
Data is crucial to identifying patterns, measuring team performance, identifying risks, and making informed decisions. Today, you don’t have to be good at math to analyze data–automation tools often do the heavy lifting for you. Metrics are the evidence that backs up your decisions and helps your stakeholders understand the ‘why.’
Example: Marketing leaders will analyze performance data to decide which tactics are worth investing time, effort, and budget in and which aren’t.
How to improve your data literacy skills: In an article by MIT Sloan, one recommendation is to gain hands-on experience working with data, such as proactively joining data-centric projects.
10. Motivational Skills