Albert Einstein said, “We cannot solve our problems with the same thinking we used when we created them.”
Thinking strategically is an essential skill in today’s fast-paced business environment. Strategic thinking forces you to step back from a problem, gather information and generate more optimized, and often more innovative solutions. However, thinking strategically on a consistent basis can be a difficult skill to master. Following are four common obstacles to thinking strategically, and how to overcome them.
Conventional wisdom is that the average adult makes as many as 35,000 decisions every day. According to the best minds at Cornell University, no fewer than 226 of those decisions revolve around food. It would be impossible to carefully consider each of these decisions. Instead, we rely on heuristics — mental habits and shortcuts that allow us to quickly process information, make decisions and move through our day without constantly stopping to think about the next course of action.
Modern business leaders are bombarded with decisions each day, ranging anywhere from where to have lunch to where to locate your organization’s new headquarters. Recent research shows that decision-making power is a depletable resource, which often leads our exhausted brains to rely on heuristics to make decisions that require more nuanced thinking. To become better at thinking strategically, move your more important decisions to the beginning of the day.
2. Unconscious Biases
Unconscious biases (also called implicit biases) are stereotypes that unconsciously affect how we process information and make decisions. Unconscious biases are influenced by our background, cultural environment, and personal experiences. And, most people are unaware of their unconscious biases.
Even though unconscious biases can be favorable (all young people are great with technology) or unfavorable (women are less competent than men), becoming aware of your biases is crucial for strategic thinking. You could take an Implicit Association Test to uncover biases of which you were unaware. Or, according to unconscious biases expert Dr. Dionne Poulton, you could simply be more curious with yourself. Ask questions like, Why don’t you like that person? Who am I inviting into the conversation? How diverse are the people I surround myself with?
Assumptions, things we accept as true without proof, and convictions, our firmly held beliefs, are both counterproductive to strategic thinking. Most of us are guilty of confirmation bias, the tendency to look for information that confirms what we already believe to be true.
In his Harvard Business Review article, “What It Takes to Think Deeply About Complex Problems,” author and consultant Tony Schwartz points out that the challenge of strategic thinking is to avoid confirmation bias and challenge your own assumptions.
“This practice begins with asking two key questions in the face of any difficult decision,” he writes. “‘What am I not seeing here?’ and ‘What else might be true?’”
4. TMI (Too Much Information)
We do business in an information-rich world. Companies collect 2.3 trillion gigabytes of data every day, and the internet gives us near-instant access to tremendous pool of knowledge and expertise. However, the ready availability of massive amounts of information is both a blessing and a curse.
On the one hand, this information helps us make better, more data-driven decisions. On the other hand, seeking too many inputs can lead to analysis paralysis. Strategic thinkers have to hone their ability to separate signal from noise, to find the information that matters and ignore the rest.
Strategic thinking is an essential skill, and one that is not easily mastered. By being aware of the common obstacles, and by structuring your problem-solving processes to address them, you can become a better strategic thinker. Are you ready to become a more innovative and strategic thinker? Take the next step and register for Thinking Strategically on October 24th.