Can you describe strategic thinking? Or Strategy (from Linked In discussion)

From Linked in Groups

How would I answer the question:

It means the ability to think through on how to use the available (little or none) resources, and with a set of activities/choice of activities to meet a desired goal nothing more/nothing less.

This involves though:

1.  Having your nose close to reality and changing environment;

2.  Being aware of competitive pressure/forces

3. Thinking clearly

4.  Being relevant always to the goal

Find out if I come close to the Linked In thoughts.