There can be quite a bit of confusion and ambiguity about what people actually mean when they use terms like “Strategy” or “Business Strategy” or “Strategic Planning”.
In our experience and research there are 6 main types of Strategic Thinking you will need to be proficient in as a leader:
This document curates 10 best-practice strategy tools which can be helpful in each of these situations: Quick Start Strategy, The Value Disciplines, The House of Strategy, 5 Choices Framework, Strategic Execution Checklist, Risk-Reward-Cost Matrix, SWOT Analysis, Porters 5 Forces and PESTEL Analysis
For corporate users, there are also 2 comprehensive virtual business simulations, XSIM and YSIM, which allow teams of current (and prospective) leaders to face the challenges of strategic thinking using these models as they run major global B2C and B2B enterprises.
'Essential Strategic Thinking Models: A Leadership Playbook'
We transform Leadership Development using Business Simulations, guided by three principles:
'Learn by Doing' approaches, such as Simulation, are more engaging & effective than traditional forms of learning
Team Learning offers a powerful extra learning dynamic & fosters better Collaboration & Team skills
Innovation skills learned during Simulations are easier to transfer back to the workplace
Business Acumen & Strategy Simulation (B2C)
Business Acumen & Strategy Simulation (B2B)
Business Strategy Simulation