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Decision Frameworks

Think Strategically

A strategic plan translates a goal into specific actions and a commitment to carrying them out. The excerpt describes this general principle without supplying a detailed protocol.

THE IDEA

Strategic Plan Protocol

A strategic plan sets out actions intended to move you toward a goal. Carrying it out requires commitment and attention to whether the actions remain appropriate. The detailed protocol referred to by the source is not included in this excerpt.

When to use it

  • Launching a new product in a competitive market requires a strategic plan to coordinate marketing, production, and sales efforts.

  • Planning a major career transition, such as changing industries, can be structured using this protocol to identify necessary skills and network.

  • Organizing a large event, such as a conference, by assigning tasks and tracking deadlines.

FROM THEORY TO EVERYDAY LIFE

In practice

01

Business Growth Strategy

A company wants to double its revenue in 3 years. In an illustrative plan, they outline specific actions: market research, product development, sales training, and customer retention programs. Each action is scheduled with deadlines and assigned to teams, requiring dedication and perseverance.

02

Personal Career Plan

An individual aims to become a manager within 5 years. They create a strategic plan including skill acquisition, networking, and performance milestones. They commit to following the sequence of actions, adjusting as needed, to achieve the goal.

✳

A MOMENT TO REFLECT

Put it to work.

  1. What is a goal you have been putting off? Apply the strategic plan protocol by breaking it into a sequence of specific actions.

  2. How can you ensure commitment to your strategic plan? What accountability measures can you put in place?

  3. Think of a time when you achieved a difficult goal. Did you implicitly follow a structured plan? How might explicitly using this protocol improve your success rate?

CONTINUE THE CONVERSATION

Source texts

  • Thinking in Systems and Mental Models Think Like a Super Thinker (Dawson, Marcus P)
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