BC Skills Academy

Strategic Thinking — Illustrated Study Guide

An illustrated, example-driven study guide for the Certified Strategic Thinker. Six modules build genuine capability from the ground up: the foundations of strategic thinking (strategy versus tactics and operations, systems thinking, mental models, first-principles and second-order thinking); the analytical toolkit (SWOT, PESTEL, Porter's Five Forces and VRIO); strategy formulation (vision and mission, competitive advantage, Blue Ocean value innovation, the Ansoff and BCG matrices); decision-making under uncertainty (scenario planning, cost-benefit analysis, decision trees, expected value and cognitive biases); strategy execution and alignment (strategy maps, the balanced scorecard, OKRs and cascading goals); and strategic leadership and foresight (futures thinking, adaptive innovation and communicating strategy). It closes with a hands-on lab in which you build a one-page strategy for a case organisation. Rich with Mermaid diagrams, decision matrices, worked mini-cases, exercises and self-checks.

Key facts

Course outline

  1. Foundations of Strategic Thinking — What strategy is and is not: strategy versus tactics and operations, the three levels of strategy, systems thinking, mental models, and first-principles and second-order thinking.
    • Strategy, Tactics and the Levels of Strategy
    • Systems, Mental Models and Deeper Thinking
  2. The Strategic Analysis Toolkit — The four workhorse analysis frameworks — SWOT and PESTEL for the environment, Porter's Five Forces for industry structure, and the VRIO resource-based view for internal advantage — and precisely…
    • Scanning the Environment: SWOT and PESTEL
    • Industry and Resources: Five Forces and VRIO
  3. Formulating Strategy — From vision and mission to real choices: Porter's generic strategies and the sources of competitive advantage, Blue Ocean value innovation, and the Ansoff growth and BCG portfolio matrices.
    • Direction and Advantage: Vision, Generic Strategies and Blue Ocean
    • Growth and Portfolio: Ansoff and BCG
  4. Deciding Under Uncertainty — Making good strategic choices when the future is unknown: scenario planning, cost-benefit analysis, decision trees and expected value, and guarding against the cognitive biases that derail judgement.
    • Scenarios and Cost-Benefit Analysis
    • Decision Trees, Expected Value and Cognitive Biases
  5. Executing and Aligning Strategy — Closing the execution gap: translating strategy with strategy maps and the balanced scorecard, setting OKRs, cascading goals, choosing leading indicators, and prioritising initiatives.
    • Strategy Maps and the Balanced Scorecard
    • OKRs, Cascading Goals and Prioritising Initiatives
  6. Strategic Leadership and Foresight — Leading strategy over time: futures thinking and the Three Horizons, disruptive and adaptive innovation, communicating strategy, and a hands-on lab building a one-page strategy for a case…
    • Foresight, Innovation and Communicating Strategy
    • Lab: Build a One-Page Strategy