Title: Why Is Strategic Thinking Important to the Success of Business? | Your Business
Headings: Why Is Strategic Thinking Important to the Success of Business?
Why Is Strategic Thinking Important to the Success of Business?
Missing Opportunities
Focusing on Problem Solving
Creating a Clear Strategy
Being Proactive

Content: Creating a Clear Strategy
Employees also benefit from the strategic mind-set of a small-business owner. A business strategy should clearly explain to employees what roles they play in reaching company goals. Some strategic plans are short term, outlining how your company will achieve an end goal in a few months' time. Other plans, such as your strategic plan, explain how your company will realize long-term goals over five or 10 years. Being Proactive
If you're planning ahead and addressing present business conditions simultaneously, you can choose appropriate actions when the economy shows early signs of trouble. Plan for how your business will succeed in tougher times. If consumer demand is decreasing or supply costs are rising, you can begin cutting costs in your overhead budget, ensuring that your overhead will not cripple you when the market declines. Without a deliberate strategy, your business decisions will be reactive instead of proactive. References
Inc.: 6 Habits of True Strategic Thinkers
Business Improvement Architects: