A strategist is a person with responsibility for the formulation and implementation of a
strategy
Strategy (from Greek στρατηγία ''stratēgia'', "art of troop leader; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the "ar ...
. Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources). The senior leadership of an organization is generally tasked with determining strategy. Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes. It involves activities such as
strategic planning and
strategic thinking
Strategic thinking is a mental or thinking process applied by an individual in the context of achieving a goal or set of goals. As a cognitive activity, it produces thought.
When applied in an organizational strategic management process, strate ...
.
Types of strategists by field
The strategy role exists in a variety of organizations and fields of study.
In large corporations, strategic planners or corporate financial planning and analysis (FP&A) personnel are involved in the formulation and implementation of the organization's strategy. The strategy is typically set by business leaders such as the
chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
and key business or functional leaders and is reviewed by the
board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...
.
An ''AI strategist'' uses evidence and reason to make circumstance-dependent decisions that shape the development of AI towards a set of desired outcomes. The scope of AI development can range from within small organizations to global landscape.
A ''
design strategist'' has the ability to combine the
innovative,
perceptive and
holistic
Holism () is the idea that various systems (e.g. physical, biological, social) should be viewed as wholes, not merely as a collection of parts. The term "holism" was coined by Jan Smuts in his 1926 book '' Holism and Evolution''."holism, n." OED On ...
insights of a
designer
A designer is a person who plans the form or structure of something before it is made, by preparing drawings or plans.
In practice, anyone who creates tangible or intangible objects, products, processes, laws, games, graphics, services, or exp ...
with the
pragmatic and
systemic skills of a
planner to guide
strategic
Strategy (from Greek στρατηγία ''stratēgia'', "art of troop leader; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the "art ...
direction in context of business needs,
brand
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create an ...
intent,
design
A design is a plan or specification for the construction of an object or system or for the implementation of an activity or process or the result of that plan or specification in the form of a prototype, product, or process. The verb ''to design'' ...
quality and customer
values
In ethics and social sciences, value denotes the degree of importance of something or action, with the aim of determining which actions are best to do or what way is best to live (normative ethics in ethics), or to describe the significance of di ...
.
An ''economic strategist'' is a person who can create a sustainable commercial advantage by applying
innovative and
quantitative ideas and systems at a
sell side
Sell side is a term used in the financial services industry. The three main markets for this selling are the stock, bond, and foreign exchange market. It is a general term that indicates a firm that sells investment services to asset management fi ...
financial institution.
A ''political strategist'' is a multi-discipline strategist who works within political campaigns. Also known as
political consulting
Political consulting is a form of consulting that consists primarily of advising and assisting political campaigns. Although the most important role of political consultants is arguably the development and production of mass media (largely tel ...
, the political strategist will advise a campaign on a range of activities such as
media, resourcing,
opposition research
In politics, opposition research (also called oppo research) is the practice of collecting information on a political opponent or other adversary that can be used to discredit or otherwise weaken them. The information can include biographical, le ...
,
opinion polling and engagement strategy.
A ''sport strategist'' is a professional that performs scouting and analysis of the players involved in an upcoming competitive match. Sports strategists typically analyze film footage, organize video libraries, and recommend attacks and defensive strategies in order to capitalize on an opponents' weaknesses.
Working closely with investment managers, a ''principal investment strategist'' contributes revenue by providing principal investment
analytics
Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns toward effective decision-making. It ...
and alternative product structuring.
A ''sales strategist'' develops
innovative trade ideas and assists in the
marketing
Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to empha ...
of those trades to
buy side clients.
A ''banking strategist'' partners with investment bankers and capital market experts on
corporate finance
Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to a ...
and capital structure analyses to identify and execute banking transactions.
A ''
trading strategist'' contributes
revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenu ...
to the business in which his team is embedded by developing and delivering
innovative trade ideas, models and
analytic systems to the trading desk.
Within the
financial services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...
industry, strategists are known as ''“strats”.''
A ''
military strategist'' develops strategies in the field of
warfare
War is an intense armed conflict between states, governments, societies, or paramilitary groups such as mercenaries, insurgents, and militias. It is generally characterized by extreme violence, destruction, and mortality, using regula ...
with the objective of outmaneuvering their opponent.
An ''IT Strategist'' develops an IT strategy that is aligned with the business
strategy
Strategy (from Greek στρατηγία ''stratēgia'', "art of troop leader; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the "ar ...
to implement systems to give business processes
efficiency
Efficiency is the often measurable ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without ...
and
productivity gains and therefore a possible
competitive
Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, indi ...
advantage.
Strategist as a personality type
Strategists are known to have an INTJ personality trait , based on the Myers-Briggs Type Indicator (
MBTI). The
MBTI was derived from Psychiatrist
Carl Jung
Carl Gustav Jung ( ; ; 26 July 1875 – 6 June 1961) was a Swiss psychiatrist and psychoanalyst who founded analytical psychology. Jung's work has been influential in the fields of psychiatry, anthropology, archaeology, literature, philo ...
theory of psychological types enabling us to have a better understanding of people's personality traits and what their strengths are as a person, although the research shows MBTI to be an unreliable measure of categorising personality types. It is commonly found that strategists are more prone to possess a combination of 4 specific personality traits, which includes Introversion, Intuition, Thinking and Judgment (forming the acronym INTJ). However, this combination of personality traits is known to be very rare among people , making strategists to be very sought after especially by major firms. Dr. Vladimir Kvint defined strategist as a wise, disciplined, and optimistic professional with a strategic mindset, a vision of the future, and intuition. It is possible at times to find that the vision or ideas of a strategist may not be align with conventional ideas which can make it difficult for others to accept or envision.
[Teamtechnology.co.uk, (2014). INTJ Personality Types In-Depth. nlineAvailable at: http://www.teamtechnology.co.uk/personality/types/intj/overview/ ccessed 26 Oct. 2014]
Career paths
People who possess a strategist mindset are generally capable of doing well in any possible field due to the various traits that they own. Strategists tend to follow a career path that challenges them mentally in terms of development, and seek to work with people who are in the same caliber in terms of intelligence and competency. As it is highly likely that people with a strategist mindset tend to be more single-minded and may not be appreciative of others' effort, it is crucial for them to work in a suitable working environment.
Common careers that strategists tend to choose are:
# Academia
[Teamtechnology.co.uk, (2014). INTJ careers (based on research). nlineAvailable at: http://www.teamtechnology.co.uk/personality/types/intj/careers/ ccessed 26 Oct. 2014]
# Computing
# Engineering
# Sciences
# Project Management
# Research and development
# Management
Strategists can have a variety of backgrounds such journalism, speech writing, data analyzing, or telemarketing. People with a background of public relations or advertising can be hired as strategists because of their experience in market research and message delivery.
[Sides, J., Shaw, D. R., Grossmann, M., & Lipsitz, K. (2018). ''Campaigns & Elections'' (3rd ed., pp. 153-155). New York: W.W. Norton and Company.]
See also
*
Business strategy
*
Military strategy
Military strategy is a set of ideas implemented by military organizations to pursue desired strategic goals. Derived from the Greek word ''strategos'', the term strategy, when it appeared in use during the 18th century, was seen in its narrow sen ...
*
Grand strategy
*
Naval strategy
*
U.S. Army Strategist
References
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Strategy