Our strategy Professor, Sandeep Singh Mann, has a very innovative and unique way of teaching. He always tries to help us think beyond the apparent. He usually gives us a very relevant business situation and asks us what is it that we are thinking. How will we proceed? what is our strategic rationale? In a nutshell, he always desires that we should start thinking strategically. We should keep ourselves in the CEO's or entrepreneur's or a strategic leader's shoes and approach the situation.
In my attempt , I jotted down points which we should keep in mind in order to be able to think from a strategic point of view. these are as follows:
- Changing your perspective from small picture to big picture
- Look at something from more than one point of view
- Studying the fundamentals of business
- Thinking about your business’s Critical Success Factors
- Stepping away from the day-to-day
- Plotting out your competitive landscape on a 3-D map
- Studying case histories from other successful businesses
- Getting SMART goals and working backwards from there
- Immersing yourself in the right content
- Understanding that it’s not just about information, it’s about insight
- Simplifying how you see things
- Watching for variations on a theme
- Learning how to read a P&L and a Balance Sheet
- Thinking like a CEO
- Understanding consumer behavior models
- Watching for similarities between industries
- See how things are related and how they are not
- Try to generate business simulations
- Putting yourself in the mind of your customer
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