- 1). Devise a compelling vision of where you want to be in five or 10 years time and establish a personal or organisational "mission statement" summarising the key points and goals in three or four memorable phrases. If your goal is to get promoted at work, decide where you want to be and briefly summarise how you intend to get there.
- 2). Consider current trends and imagine how your personal or business environment might change over the next few years. For example, an estate agent should keep up-to-date about any forthcoming legislation or property tax changes that might positively or negatively affect business. This will allow you to plan for the probable and take action to shape the future into your most desirable reality.
- 3). Conduct a personal or business SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to help you develop your strategic thinking. A SWOT analysis is an effective and simple planning aid that can help you decide between the alternative strategies that might achieve your mission and goals. Carry out a SWOT analysis by dividing a sheet of paper into four sections with one section allocated to each heading. Spend time thinking carefully about each heading and list the relevant strengths, weaknesses, opportunities or threats in each section. Include this analysis as part of strategic plans or as a reminder before making decisions.
- 4). Keep up-to-date with information and developments that could affect your goals and overall success. This will help you to react quickly to changing circumstances and adjust your strategy to new situations.
- 5). Practice strategic thinking techniques in all aspects of your business, work and personal life. Thinking strategically over the long-term will help you to make the most of opportunities and minimise the negative impact of threats.
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