How to become more strategic

Chief Executive Magazine (chiefexecutive.net) suggested that to become more strategic, you should do three things.

1. Understand what strategic means in your industry. “Executives need to study and understand the economics, psychology and laws of their industry and let that context guide their thinking. Notice I said “guide” not “limit”.

2. Tailored executive education courses can be beneficial. We took an indepth look at 20 different trends that would shape the industry in the next decade, discussing both the trend itself and the impact on supply of and demand for the organizations products and services.

3. Become expert at identifying potential disrupters. Examples include technological or manufacturing techniques. Cross cutting trends can upend value chains, transform industries and shift profit pools and competitive advantage.

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