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Last Updated on December 1, 2020

How to Build Strategic Thinking Skills for Effective Leadership

How to Build Strategic Thinking Skills for Effective Leadership

Have you been thinking of how you can be a more strategic leader during these uncertain times? Has the pandemic thrown a wrench at all your carefully laid out plans and initiatives?

You’re not alone. The truth is, we all want some stability in our careers and teams during this disruptive pandemic.

However, this now requires a bit more effort than before and making the leap from merely surviving to thriving means buckling down to some serious strategic thinking and maintaining a determined mindset.

Is There a Way to Thrive Despite These Disruptions?

Essentially – yes, although you need to be willing to put in the work. Every leader wants to develop strategic thinking skills so that they can enhance overall team performance and boost their company’s success, but what exactly does it mean to be strategic in the context of the times we live in?

If you happen to be in a leadership position in your organization right now, you are most probably navigating precarious waters given the disruptions caused by the pandemic. There’s a lot more pressure than before because your actions and decisions will have a much greater impact these days not just on you, but also to the people who are part of your team.

Companies often bring me in to coach executives on strategic thinking and planning. And while pre-pandemic I would usually start by highlighting the advantages of strategic thinking, nowadays, I always begin these Zoom coaching sessions by driving home the point that this pandemic has now made strategic thinking not just an option but an absolute must.

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Assessing and making plans through the lens of a good strategy might require significant work at first. Nevertheless, you can take comfort in the fact that the rewards will far outweigh the effort, as you’ll soon see after following the 8 strategic steps I have outlined below.

8 Steps to Strategic Thinking

As events unfold during these strange times, you’re bound to feel wrong-footed every now and then. Being a leader during this pandemic means preparing for more change not just for you, but for your whole team as well.

As states and cities go through a cycle of lockdowns and reopening, employees will experience the full gamut of human emotions in dizzying speed, and you will often be called on to provide insight and stability to your team and workplace.

Strategic thinking is all about anticipation and preparation. Rather than expending your energy merely helping your company put out fires and survive, you can put the time to better use by charting out a solid plan that can protect and help you and your company thrive.

Take the following steps to build solid initiatives and roll out successful projects:

Step 1: Step Back, Then Set the Scope

One of the things that leaders get wrong during their first attempt at strategic thinking is expecting that it is just another item on a checklist. The truth is, you need to take a good, long look at the bigger picture before anything else. This means decisively prioritizing and stepping away from tasks that can be delegated to others. Free up your schedule so you can focus on this crucial task at hand.

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Then, proceed with setting the scope and the strategic goals of the project or initiative you plan to build or execute. Ask yourself the bigger question of why you need to embark on a particular project and when would be the right time to do so.

You need to set a timeline as well, anywhere from 6 months to 5 years. Keep in mind that your projections will deteriorate the further out you go as you make longer-term plans.

For this reason, add extra resources, flexibility, and resilience if you have a longer timeline. You should also be making the goals less specific if you’re charting it out for the longer term.

Step 2: Make a List of Experts

Make and keep a list of credible people who can contribute solid insight and feedback to your initiative. This could range from key stakeholders to industry experts, mentors, and even colleagues who previously planned and rolled out similar projects.

Reach out to the people on this list regularly while you work through the steps to bring diverse insight into your planning process. This way, you will be able to approach any problem from every angle.

Bringing key stakeholders into this initial process will also display your willingness to listen and empathize with their issues. In return, this will build trust and potentially pave the way for smoother buy-in down the line.

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Step 3: Anticipate the Future

After identifying your goals and gathering feedback, it’s time to consider what the future would look like if everything goes as you intuitively anticipate. Then, lay out the kind and amount of resources (money, time, social capital) that might be needed to keep this anticipated future running.

Step 4: Brainstorm on Potential Internal and External Problems

Next, think of how the future would look if you encountered unexpected problems internal and external to the business activity that seriously jeopardize your expected vision of the future. Write out what kind of potential problems you might encounter, including low-probability ones.

Assess the likelihood that you will run into each problem. To gauge, multiply the likelihood by the number of resources needed to address the problem. Try to convert the resources into money if possible so that you can have a single unit of measurement.

Then, think of what steps you can take to address these internal and external problems before they even happen. Write out how much you expect these steps might cost. Lastly, add up all the extra resources that may be needed because of the different possible problems and all the steps you committed to taking to address them in advance.

Step 5: Identify Potential Opportunities, Internal and External

Imagine how your expected plan would look if unexpected opportunities came up. Most of these will be external but consider internal ones as well. Then, gauge the likelihood of each scenario and the number of resources you would need to take advantage of each opportunity. Convert the resources into money if possible.

Then, think of what steps you can take in advance to take advantage of unexpected opportunities and write out how much you expect these steps might cost. Finally, add up all the extra resources that may be needed because of the different unexpected opportunities and all the steps you committed to taking to address them in advance.

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Step 6: Check for Cognitive Biases

Check for potential cognitive biases that are relevant to you personally or to the organization as a whole, and adjust the resources and plans to address such errors.[1] Make sure to at least check for loss aversion, status quo bias, confirmation bias, attentional bias, overconfidence, optimism bias, pessimism bias, and halo and horns effects.

Step 7: Account for Unknown Unknowns (Black Swans)

To have a more effective strategy, account for black swans as well. These are unknown unknowns -unpredictable events that have potentially severe consequences.

To account for these black swans, add 40 percent to the resources you anticipate. Also, consider ways to make your plans more flexible and secure than you intuitively feel is needed.

Step 8: Communicate and Take the Next Steps

Communicate the plan to your stakeholders, and give them a heads up about the additional resources needed. Then, take the next steps to address the unanticipated problems and take advantage of the opportunities you identified by improving your plans, as well as allocating and reserving resources.

Finally, take note that there will be cases when you’ll need to go back and forth these steps to make improvements, (a fix here, an improvement there) so be comfortable with revisiting your strategy and reaching out to your list of experts.

Conclusion

A great way to deal with feelings of uncertainty during this pandemic is to anticipate obstacles with a good plan – and a sure road to that is practicing strategic thinking.

In the coming months and years, you’ll need to continue navigating uncharted territory so that you can lead your team to safe waters. Regularly doing these 8 steps to strategic thinking will ensure that you can prepare for and adapt  to the coming changes with increasing clarity, perspective, and efficiency.[2]

More on Thinking Smarter

Featured photo credit: JESHOOTS.COM via unsplash.com

Reference

More by this author

Dr. Gleb Tsipursky

Cognitive neuroscientist and behavioral economist; CEO of Disaster Avoidance Experts; multiple best-selling author

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Last Updated on February 23, 2021

5 Best Fish Oil Supplements to Buy For A Healthier Brain

5 Best Fish Oil Supplements to Buy For A Healthier Brain

There are many ways that we can make our brains healthier. We use our brains constantly, but we train them through studying, learning, and recalling, among other things. But the issue with these methods is that they only help support particular parts of the brain. They are specialized activities that require certain parts of the rain to work, but they do not support the brain as a whole. So, if you’re looking for ways to help every part of your brain, the best thing you can consider is getting the best fish oil supplements.

Like with all kinds of supplements, fish oil supplements provide a high dosage of vitamins that help support and improve particular parts of your body.

The Benefits of Fish Oil

Fish oil is one of the most common dietary supplements used by people. Broadly speaking, these supplements are rich in omega-3 fatty acids that are great for your health in many ways. Below are just some of their most important, proven benefits:

  • Studies show that those who eat fish are at a lower risk of experiencing heart problems.[1] Supplements like these are common and provide the same health benefits as eating fish
  • Omega-3 also boosts brain function, reducing various mental conditions like bipolar and schizophrenia.[2]
  • Fish oil supplements can also reduce weight and prevent type-2 diabetes and even some cancers.[3]
  • They can also help improve eyesight as our eyes greatly rely on omega-3 fats.[4]

Why Fish Oil Supplements Help Boost Your Energy

As you can tell from the benefits already, having high omega-3 levels greatly and positively impacts our brains. Not only can it prevent mental disorders, but it also has ways of alleviating mood swings, depression, and fatigue. Research shows that consuming lower amounts of omega-3s can result in more mood swings, fatigue, and depression.[5]

Therefore, having a daily dose of fish oil supplements is a way of keeping yourself energized, especially since fatigue primarily stems from our brain. If your brain is filled with energy and isn’t feeling sluggish, your body will also feel the same way.

How To Pick the Best Fish Oil Supplements

When selecting some of the best fish oil supplements available on the market, we based our decision on the following criteria:

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  • High in Omega-3 – Every fish oil supplement will have Omega-3 and it’s a vital ingredient, but many brands vary on how much their products contain this fatty acid. We selected the ones that have a high amount.
  • Has multiple vitamins – Even though supplements are designed to have many vitamins, the benefits can be self-contained in certain areas and don’t synergize. The ones we selected provide benefits that help your body in multiple ways.
  • Purity – Supplements can often be grounds to include all kinds of unnecessary ingredients. The ones we picked are packed with only the essential vitamins you need.

5 Best Fish Oil Supplements

Here are the 5 best fish oil supplements we picked that you should definitely try:

1. Infuel Omega 3 Fish Oil

    Our first pick of the best fish oil supplement available is the Infuel brand of Omega 3 fish oil. We have this available in our own stores because of the numerous benefits that it provides. Not only does it contain the Omega 3 healthy fats but also high EPA and DHA content that helps with the growth and development of the eyes, nervous system, and heart.[6]

    As such, you’ll find regular doses of these promoting brain and heart health. It also helps with maintaining healthy bones and joints and can help improve your skin and sleep cycle.

    Buy the Infuel Omega 3 Fish Oil Here.

    2. California Gold Nutrition Omega 3 Premium Fish Oil

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      Our second pick for the best fish oil supplements is the supplement provided by California Gold Nutrition. Their premium fish oil supplement has gone through a process where the supplement provides a respectable amount of EPA and DHA (360mg and 240mg respectively) as well as fish oil. It’s to the point where it’s recommended that you take two of these capsules per day.

      Their process also ensures that the softgels the supplement comes in are porcine, bovine-free, and don’t contain gluten, GMOs, and soy. Overall, if you’re looking for an option to having plenty of fish oil, this is a great option.

      Pick up California Gold Nutrition’s Fish Oil Supplement here.

      3. Sports Research Omega 3 Fish Oil Triple Strength

        For those looking for a higher dosage of fish oil, EPA, and DHA, one option is the fish oil supplement from Sports Research. Unlike the other options on this list, this fish oil supplement is marketed as a dietary supplement. The reason for that is because a single Omega 3 softgel already contains over 80% of your daily dose of fish oil as well as 950mg of EPA and DHA.[7] The dosage amount easily exceeds the Global Organization’s minimum contents of EPA and DHA.

        Beyond that, it’s also made from non-GMO ingredients, and it’s gluten-free. This fish oil supplement is also made from sustainable seafood.

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        Purchase Sports Research Fish Oil Supplement here.

        4. Natrol Omega 3 Fish Oil Natural Lemon Flavor

          One factor that people might have that we didn’t mention on the list is flavor. While what we offer is quality, sometimes, people can’t handle the flavor of some quality products. So, for those who have a particular taste for vitamins, one option to consider is Natrol’s fish oil supplement. This supplement offers a natural lemon flavor thanks to its natural lemon oil ingredient.

          Beyond that, you can expect a middle-of-the-road amount of EPA, DHA, and fish oil with the company suggesting to take one softgel two times a day with a meal. The only real downside to this particular supplement is that you’re giving up a few details and benefits for better flavor. Unlike the other supplements mentioned, this does contain gelatine from bovine, though it’s kept at a minimum.

          Buy Natrol’s Omega 3 Fish Oil Supplement here.

          5. Nature’s Bounty Fish Oil

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            The final fish oil supplement on this list is the one from Nature’s Bounty. Nature’s Bounty has been committed to people’s health for almost 50 years at this point, and this company is known for making trusted products that are well-researched, backed by science, and made from pure ingredients. Their odorless fish oil supplement is no different.

            Nature’s Bounty product is marketed as a dietary supplement so you can expect a higher amount of EPA, DHA, and Omega-3 in them than usual. Even so, it’s recommended to take two softgels two times a day. These supplements are non-GMO and gluten-free, too.

            Purchase Nature’s Bounty’s Fish Oil here.

            Bottom Line

            While training your brain via certain brain activities and eating plenty of healthy fatty foods will help, we understand that not everyone can meet their Omega-3 requirements. Some people may also have medical conditions that force them to take extra steps in maintaining a healthy brain. This is where supplements shine as they offer plenty of high dosages for the nutrients that your body needs and provide several other benefits as well.

            If you decide to choose any of the listed fish oil supplements, I assure you that you will get a good quality product to help boost your brainpower.

            More Articles About the Benefits of Fish Oil

            Featured photo credit: Anshu A via unsplash.com

            Reference

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