The article discusses modern concepts and approaches to the strategic planning development and managers’ strategic thinking formation. Today the strategic thinking is considered as one of the most important and most demanded management competencies. However, there is still no understanding how managers can develop that competencies. The article proposes an integrative approach based on the use of competence, process and situational approaches. The article deals with a process model of the formation of managers’ strategic thinking skills based on the use of the concept of a business model, strategic analysis, and case study. The results obtained help to increase the managers’ training effectiveness and ensure its relevance to business practice. They can also be useful for practicing managers in conducting strategic sessions and strategic planning, as well as for professionals in the field of business education.