The former Southampton man declared that, although he will always be renowned for his pace, he is now looking to improve his overall game on the back of a successful personal campaign.
"At times people just expect me to knock the ball and run but it is not as easy as you think to be honest," Walcott told Arsenal's official website.
"As soon as you start doing that, the defender knows what you are doing every time. You need to change it because you can't just be one-dimensional.
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"I am always going to be known for pace, I know that. But the next step is the finishing. I have a lot of assists this season but I don't think I am ever going to lose that."
The England international has bagged eight goals and nine assists in a campaign which has seen Arsenal recover from a poor start to take charge of the race for third place in the Premier League.
His performances this season have earned plaudits from PFA Player of the Year and team-mate Robin van Persie, who claimed that the 23-year-old has been crucial to his own impressive form.