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Strategic Thinking
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Game theory, originating in economics, is the science of strategic thinking applicable to various fields, including biology and diplomacy, and is crucial for decision-making in all aspects of business, according to game theorist Kevin Zollman.
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Ian Bremmer advocates for strategic thinking in a rapidly changing world by broadening perspectives, engaging with diverse viewpoints, and understanding root causes, while also stressing the need for personal authenticity and connection to effectively tackle global challenges.
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Economist Larry Summers suggests that instead of judging decisions by their outcomes, we should evaluate them based on the rational process used to develop strategies, considering all relevant costs, benefits, and consequences.
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Strategic thinking, as defined by Michael Watkins, involves critically and creatively envisioning potential futures beyond the current situation, and he outlines six specific disciplines to intentionally cultivate this mindset.
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Suzy Welch argues that the persistent narrative separating management from leadership overlooks their essential intersection, with effective leaders mastering both inspiring vision and detailed execution, a blend she terms “lanaging.”