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Strategic Actions To Learn How To Think Strategically, From Your Strategic Thinking Business Coach What is strategic thinking? What does that term mean? My research into definitions brought me to the following thoughts. Strategic thinking is a process that defines the manner in which people think about, assess, view, and create the future for themselves and others. It is more about creating tomorrow than responding to both day-to-day as well as long-term problems, opportunities, and new realities. It is proactive rather than reactive. Fortunately, it also can be applied on any day at any time and is responsive to the new realities and the accelerated rate of change of today and tomorrow's world. Strategic thinking always involves change, and many times that means profound personal change. It is imagining the results you want to …show more content…
One can apply strategic thinking to arrive at decisions that can be related to your work or personal life. Strategic thinking involves developing skills in creativity, problem solving, teamwork, critical thinking and flexibility. Strategic thinkers are able to see the big picture, as well as how to attain it. I do not believe that you inherently know how to think strategically. Strategic thinking is an acquired skill and there are several strategic actions involved in learning how to think strategically. Your Strategic Thinking Business Coach offers the following actions to help you learn how to think strategically. #1 Critically assess and examine the existing situation or the "status quo." In order to acquire strategic thinking skills you must closely examine how things have always been done and then determine if that is the way things should be done. Strategic thinkers always are willing to look outside of the "status quo" or the "we've always done it that way" mindset to discover more efficient and creative ways of finding solutions, reaching goals and getting things
For today’s managers, there is a need to learn and to understand the complex nature of complex problems, but not from the simple version, we know and learned from an early age. J. Atwater and Paul Pittman (2006) clarify that as children we learn in a simple linear view. For example, if someone cries, there will be someone there to comfort. A simple action and result, but in reality it is more dynamically complex, not simply a cause-and-effect, or cause and reaction. According to Jay Forrester (1995) , it is hard for a company and senior leadership to evaluate behavior in a complex environment without tools and technology. People do not naturally think systemically or strategically, therefore, managers must be trained in systemic thinking tools and concepts to learn strategic thinking (Forrester, 1995). From the perspective of the structure of an organization, it is important in how the organization structure influences behavior and decision making by placing constraints on what the company has historically known from its experiences, which influence decision-making process within the business. According to excerpt articles from Bob De Wit and Ron Meyer, strategic thinking is not simply framed in the manner in which we have learned in our prior class. In the prior class, we framed our understanding according to Hamel and Prahalad (1996), the rational reasoning approach. To expand on strategic thinking, creative approach must be added to gain additional understanding of De Wit and Meyer’s intent, in addition to a rational systems thinking approach.
Copeland says; “I do not know the exact definition of it. However, the strategic thinking means that we are aware of requires for a job position, and the acting is working on plans for the success of an organization. It is like always thinking of new ideas and creating new programs”. Dr. Copeland provided the simple example of strategic thinking, acting, and influencing. “When we started working on a new radiology branch at Granger location.
... process essentially entails functions such as planning, organising, leading or directing and controlling the resources of an organisation. Strategic management is the application of this management process at the top level of the organisation. At this level the focus is on the resources, capabilities and core competencies or the company as a whole and on the ways to achieve success over the long term within the context of changing and ever-competitive environments. According to Johnson et al, strategies do no happen by themselves. Strategies involve people, especially the managers who decide and implement. Strategic management consists of 3 elements, understanding the strategic position of an organisation, making strategic choices for the future and managing strategy in action. Strategic management thus entails two tasks, strategy making and making strategy work.
Eight skills/behaviours typically described as part of strategic thinking and the five that describes me best Strategic thinkers are: Future-based: Embrace and anticipate change by looking for opportunities Curious: They are interested in what is going on throughout their department, organization, industry, and the larger business environment. Long-term focus: They are willing to invest today to gain a better outcome for tomorrow. Willing to take Risks: They are not limited to past or current thinking and are willing to try new methods.
Strategic Leadership The only thing harder than being a strategic leader is trying to define the entire scope of strategic leadership a broad, difficult. concept. The symposia are a lot of fun. We cannot always define it or describe it in every detail.
If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take, therefore, strategic planning can play an important role in guiding managers in the right direction. In other words strategic planning is a tool that management can use to give them a sense of direction that will guide them in doing a better job and to ensure that all the members of the organization are working toward the same goals
Strategy formulation is the process of establishing the firm's mission, goals, and choosing among alternative strategies or plans; it involves and implies that preparing the best approach to respond to the circumstances of a firm's environment, whether or not its conditions are known in advance; being strategic and tactical, then, means being clear about the management's aims; being aware of the company's resources, and incorporating both into being consciously responsive to a dynamic environment (SM, 2010). As nearly all businesses have limited resources, top leaders and management must determine which alternative plans or strategies will do well to the organization most; strategic management requires attention to the big picture and the motivation to adapt to circumstances, and consists of the following aspects:
Visionary thinking helps to eliminate management processes, practices and procedures that tend to void or negate positive vision-related efforts, workforce momentum and work-related enthusiasm. Visionary Thinking Should Not be Confused with Strategic Planning Leadership is based on change, and change is about thinking differently and being creative. Strategic planning void of visionary thinking is nothing more than a superficial to-do list and may not detail the more in-depth pursuits needed to accomplish the real desired
What I benefit from this course strategy management class is knowing. The strategic management is consisting of the analysis, decisions, and actions an organization undertakes to create and sustain competitive advantages. strategic management analyses. concern with overall objectives, involves multiple stakeholders, incorporates short and long term perspectives, recognizes tradeoffs between effectiveness and efficiency. The strategic management analysis, formulation, and implementation the challenge managers face of both aligning resources to take advantage of existing product markets as well as proactively exploring new opportunities.
Strategic planning implies establishing in advance what an individual or organization wants to achieve within a specified timeframe and deriving ways on how to achieve that. A strategic plan is basically a course of action that is used to attain desired results. It means anticipating the future and having measures on how to grow into the future. Technology is a macroeconomic factor that is rapidly growing and changing. Technology has had positive effects all over across the globe to business organization and to individuals.
Strategic thinking processes will then be assessed, with a comparison of strategic thinking and strategic planning, looking at the similarities and differences between the two. The positive and negative effects that strategic thinking can have on organisational performance will also be described.
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.
Strategic Planning is looking at where you are now, knowing where you want to be in the future and planning the steps to get you there.
Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.
Strategic management is the process where organization managers reach the goals and aspirations of the organization on behalf of its owners. This is done through formulation and implementation of ways and methods to fulfill the organizational goals and objectives (Brian, 2011). This is done with in-depth consideration of both the internal and external environments that the organization operates in, in order to allow the organization make the right decisions. Strategic management is an important element that firms must put together through strategic thinking as well as strategic planning (Nag, R., Hambrick & Chen, 2007).