In the ever-evolving business landscape, individuals often grapple with complex and contradictory choices. Instead of settling for the lesser of two evils, a different approach can open doors to innovative solutions.

Integrative thinking, a problem-solving method, highlights the power of leveraging the constructive tension between conflicting ideas to create unique and more attractive solutions. For professionals, especially those in product development roles frequently confronted with conflicting choices, cultivating critical and integrative thinking skills can not only benefit their organisations but also propel their careers.

Fostering integrative thinking as a habit for successful leaders

Recent findings from the Association of Chartered Certified Accountants (ACCA) emphasize five crucial integrative-thinking capabilities that are highly relevant for CFOs striving to create tangible value.

The role of today's CFO is in constant flux, as research emphasizes the importance of prioritizing value creation. Modern CFOs grapple with intricate, multifaceted challenges, requiring a blend of technical prowess, professional acumen, and interpersonal skills.

A recent ACCA report underscores the need for CFOs to possess "integrative-thinking capabilities" to meet these demands effectively.

The report also points out that many aspects of integrative thinking are already part of a CFO's skill set. Its goal is to assist CFOs in honing these capabilities by defining what constitutes integrative-thinking capabilities, outlining the essential skills, behaviors, and mindset required, and exploring development approaches.

Raymond Jack, ACCA's executive director of finance and operations, underscores the significance of integrative thinking in addressing these challenges, especially as ACCA works towards implementing the United Nations' Sustainable Development Goals (SDGs) and net-zero targets. 

“The capabilities crucial to this task relate very much to my ability to think in an integrative way, going beyond just the financials, and to appreciate the different perspectives of ACCA’s stakeholders,’ he says. ‘The UN’s SDGs place a greater emphasis on multi-capitals thinking, including climate and nature, brand and reputation, and employees. All this is against a backdrop of the curveballs to which all organisations have to respond, such as geopolitical or economic circumstances well beyond our control,” said Jack.

Read more: Collaboration through integrative thinking

Five tools to cultivate integrative thinking in your organisation

Integrative thinking's integration into an organisation necessitates reshaping ingrained problem-solving habits. Several effective tactics have emerged to stimulate both individual and group integrative thinking:

Pausing common responses: Leaders should identify and challenge recurring patterns within organisations, posing questions like, "Why are we doing this, and how can we innovate for better outcomes?"

Utilising multiple framing techniques: Altering the framing of a problem can lead to diverse and more creative solutions. Viewing problems as opportunities can yield different and advantageous responses.

Association exercises: Encourage cross-functional teams to draw inspiration from unrelated industries or organisations. By asking, "How would X firm approach this problem?" fresh ideas and perspectives can emerge.

Anthropologist approaches: Objectively observing situations, akin to designers and anthropologists, can reveal valuable insights. It allows teams to identify inefficiencies and opportunities for improvement.

Parallel thinking techniques: Adopt methods like Edward De Bono's Six Thinking Hats to streamline group discussions. By focusing on one aspect at a time, groups can avoid the chaos of conflicting opinions and emotions, enabling more effective problem-solving.

Ultimately, the first step toward embracing integrative thinking is acknowledging the necessity of thinking differently about a situation. Overcoming ingrained thought patterns and established norms within an organisation can be challenging. However, in a rapidly changing world, the effort invested in fostering integrative thinking can yield invaluable benefits, both professionally and for the organisation as a whole.