Want FREE Templates on Digital Transformation? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.


CREATIVE THINKING TOOLKIT


We have assembled 13 documents in the Creative Thinking Toolkit. All documents are displayed below on this page.
Take a look at the Top 100 Best Practices in Strategy & Transformation of 2023. It covers all levels of Strategy (Corporate, Business, Product, Marketing); Planning and Execution; Transformation; and Innovation.

225-slide PowerPoint deck and PDF
$89.00
157-slide PowerPoint deck
$89.00
184-slide PowerPoint deck
$99.00
51-slide PowerPoint deck and Word
$25.00
46-page Word document
$25.00
39-slide PowerPoint deck
$39.00
80-slide PowerPoint deck and ZIP
$20.00
24-slide PowerPoint deck
$25.00

  Open all 13 documents in separate browser tabs.
  Add all 13 documents to your shopping cart.


The former CEO of Apple, Steve Jobs, once famously stated, "Innovation is the ability to see change as an opportunity—not a threat." Since then, the intrinsic value of Creative Thinking in Strategic Management has dramatically increased over time, remarkably transforming the face of corporate America.

The Validity of Creative Thinking

A study by Boston Consulting Group (BCG)—documenting global trends in Innovation—has confirmed that companies that prioritize Creative Thinking exhibit a higher financial performance compared to those that don't. Furthermore, 75% of business leaders ranked it amongst their top three business priorities, underscoring its significance.

Creative Thinking fosters innovation and often swings the pendulum towards strategic success for Fortune 500 companies. Through creative methods of problem-solving—encouraging fresh outlooks beyond traditional methodologies—organizations can bolster their adaptability and resilience in a dynamic business landscape.

Applying Creative Thinking in Strategic Management

Strategic Management is a complex, multifaceted practice that involves addressing fundamental questions pertaining to an organization's overall operation. As Accenture's study reveals, integrating Creative Thinking into your Strategic Management approach can increase your company's versatility, agility, and competitiveness.

A report by McKinsey elaborates on the importance of building a structure and culture conducive to Creative Thinking within an organization—improving team dynamics and leading to more adaptive decision-making.

The McKinsey Approach to Creative Thinking

McKinsey recommends a three-step approach to integrate Creative Thinking into Strategic Management effectively. It begins with instilling leadership commitment, ensuring the process has strong foundational support within the senior management scope. This approach then promotes a nurturing environment—encouraging the team to share bold, innovative ideas—and finally focuses on enhancing cognitive skills to challenge conventional corporate thinking actively.

Bolstering Creative Thinking with Digital Transformation

Modern-day business is intertwined with Digital Transformation, which plays a critical role in enhancing the breadth of Creative Thinking. Deloitte's report emphasizes the necessity of including technological adoptions into Strategic Management—assisting with creative problem-solving, honing data-driven decision-making, facilitating virtual collaborations, and fostering a digital culture.

Challenges of Creative Thinking in Strategic Management

While Creative Thinking holds significant potential for Strategic Management, it does come with its set of challenges. These predominantly revolve around the resistance to change and the fear of failure. Encouraging a risk-taking culture—coupled with refined Change Management strategies—can help overcome these obstacles, as cited in a PwC report.

Ultimately, Creative Thinking does not stand alone. It thrives when interconnected with a cohesive Strategy Development process, impactful Leadership, strong Culture, and efficient Performance Management. It is—with the right tools, mindsets, and guiding principles—an attainable standard that can propel businesses towards previously unforeseen success and stability.




CUSTOMER TESTIMONIALS




SELECT CUSTOMERS
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes across the world—in over 130 countries. Below is just a very small sample of our customer base.



Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.







Browse our Business Toolkits
to quickly find the documents you need.
Each business toolkit is a collection of documents around a common management topic.





TOP 40 TRENDING TOOLKITS


  Show all available toolkits.

Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.