Strategic Thinking - A Cursory Analysis

Strategic Thinking - A Cursory Analysis

Length: 901 words (2.6 double-spaced pages)

Rating: Excellent

Open Document

Essay Preview

More ↓
More and more, experts in the field of strategic planning and management are advocating for more attention to be paid on strategic thinking, and recommending for it to be considered a separate and distinct stage in the strategy planning and executing cycle. Results from the strategic thinking exercise feeds directly into creation of the strategic vision, which according Thompson, Strickland & Gamble (2008) is the first phase of a strategy-making, strategy executing cycle.

Ingid Bonn (Bonn, 2001) is very convincing in her argument that not only is strategic thinking an important aspect of any manager’s role, but also that the thinker has special qualities. This implies that not all managers are necessarily strategic thinkers, and in order for an organization to have the best chance at producing optimal strategic plans, they should be particular about the people they hire at levels where strategic decisions are required, and that there should be some sort of criteria to evaluate the creative strengths of these individuals. Since the function of strategic thinking cannot be the effort of one individual, it is imperative that care is taken to build a cohesive strategic management team, who complement each other, and are able to draw from each other in a way that their efforts will be truly representative of a thorough analysis of the available information and who can produce a set of best strategic options of courses of action available to the organization.

In reality though, the cost, both in terms of time and also money, of investing in the process of preparing an involved, focused strategic vision and plan (involving the strategic thinking phase) can be very high, even prohibitive (Temkin, 2003), and as such may not be considered an immediate priority to an organisation’s management team. As well, considering internal factors, building such a strategic team can be a challenge occasioned by -among other issues- lack of appropriate/accurate information required by team to deliberate on the best strategic vision and consequent plans, or inadequate feedback of the results/effects of the existing strategy that is being executed; mistrust amongst the team members (especially if they feel that they are all not being given equal opportunity to exercise their creativity); professional competitiveness (where the chosen members of the strategic team feel that they can use the task as a means to shine), internal office politics (which can adversely affect the composition of the team), and insufficiently apportioned time to complete the strategic thinking and vision development phase and proceed with the rest of the strategic execution process.

How to Cite this Page

MLA Citation:
"Strategic Thinking - A Cursory Analysis." 21 Jan 2020

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Developing Strategic Thinkers : Strategic Thinking Essay

- Developing Strategic Thinkers Strategic thinking is regarded as an essential core competency for leadership positions. In fact, many organizations already use this competency, among others, to appraise and evaluate the performance of their executives and leaders. Thus, a competency gap in strategic thinking is considered serious, and organizations will attempt to eliminate this gap. This brief article explores the most effective means to develop strategic thinkers. Let us begin by listing some of the skills, knowledge, and attitudes that are attributed to this competency....   [tags: Management, Strategic management, Organization]

Research Papers
1238 words (3.5 pages)

Strategic Thinking Essay

- Strategic Thinking Many city departments in other states have faced similar issues as the Houston Public Library. The Houston Public Library can benchmark those companies that have demonstrated strategic thinking to resolve parallel issues. Strategic thinking is the approach in which group in an organization think about, access, view, and creates the future for themselves and their associates. It is more than responding to day-to-day as well as long-term problems, opportunities, and new realities; it is creating tomorrow....   [tags: Strategic Analysis Organization]

Free Essays
1044 words (3 pages)

Strategic Thinking And Problem Solving Essay

- Strategic Thinking and Problem Solving in the Workplace Benefits of Strategic Thinking What It Is Strategic thinking is a strategy that most, if not all, people should familiarize themselves with. This skill involves the ability to view, analyze, and conceptualize situations (beyond immediate goals) with the objective creating a better future for themselves and others (Ebersole 1). Strategic thinkers work diligently to maximize their potential and opportunities in all aspects. People with this ability are considered problem solvers....   [tags: Problem solving, Critical thinking, Thought]

Research Papers
720 words (2.1 pages)

Strategic Thinking : The Success Of Any Business Essay

- Q1. Why Is Strategic Thinking So Important To The Success of Any Business. Answer. Strategic Thinking involves going to take what the company became more successful making a series of measures. A company usually has a year to go through a strategic planning process, create a file, in essence, the management team uses this guidance in the new year. Companies should strive to make strategic thinking an ongoing, year-round process. In the heart of strategic thinking is to predict a major shift in the competitive market and the ability to determine the new opportunities....   [tags: Management, Strategic management]

Research Papers
724 words (2.1 pages)

Essay about Swot Analysis : Strategic Management

- Similar to the SWOT analysis is the PESTLE analysis which allows for a more comprehensive study of the external elements affecting a business. Before any new strategy is developed a PESTLE analysis should always be performed. This technique focuses on the political, economic, social, technological, legal and environmental factors that may threaten to affect a business. It is a very useful concept that is used as a tool by organisations to assess the environment they are operating in or hoping to operate in as it gives a over arching view of the environment as a whole from many different perspectives....   [tags: Strategic management, Management, SWOT analysis]

Research Papers
883 words (2.5 pages)

Essay on Key Principles And Concepts Of Strategic Thinking

- Strategy is the most important factor in leading a business. Business Strategy is defined as “the intelligent allocation of limited resources through a unique system of activities to outperform the competition in serving customers” (Horwarth 28). In Rich Horwath’s book “ Deep Dive” he provides us with key principles and concepts of strategic thinking. The three disciplines of strategic thinking consist of 1) Acumen: which is generating general insights through a step-by-step evaluation of your business and environment 2) Allocation: focusing your limited resources through strategic trade-offs and 3) Action: implementing a system to guarantee effective execution of strategy at all levels of y...   [tags: Strategic planning, Management]

Research Papers
1224 words (3.5 pages)

Essay on Swot Analysis : Strategic Planning

- Introduction Companies put in place corporate strategies in order to expand their current business line, to remain competitive or ahead of the competition and most importantly to fulfill their mission statement. According to Bird & Smith (2015), strategic planning clarifies the organization’s purpose, and determines the future. Therefore, identifying the organization’s strengths and weaknesses is an integral step in this process. As will be discussed further, these strengths and weaknesses will be identified through a SWOT analysis....   [tags: Strategic management, Management, SWOT analysis]

Research Papers
1361 words (3.9 pages)

Essay about GE: Strategic Thinking and Strategic Planning

- Literature Review Introduction The theories on strategy development and associated concepts of strategic thinking and strategic leadership are becoming more and more popular in today’s business environment. Leaders possessing strategic skills could turn to be the best strategy of their own as well as for their respective organizations. Meaning of Strategy Today the word ‘strategy’ is so prevalent that there are hardly any people who know nothing about it. Conversely, with this prevailing feature of the word, there is incredible disarray on its meaning....   [tags: GE Case Study]

Research Papers
2060 words (5.9 pages)

Swot Analysis : Strategic Plan Essay

- Why you need to SWOT your agency The Journal , Why you need to SWOT your agency states, a strategic plan is defined as a document that outlines the need of an organization that will enable the Departments to realize its vision or mission. Barishansky states, EMS has never been in more need of a SWOT analysis, as they attempt to withstand in a world where delivery of service is a dynamic process and changes almost on a daily basis. Therefore, it is important for departments to implement a SWOT within their strategic plan that will help predicts and utilizes long-term strategies to meet the demands of that change....   [tags: Strategic planning, Management]

Research Papers
846 words (2.4 pages)

Strategic Analysis Essay

- Strategic Analysis The simulation mentions that "Strategic thinking is a readiness for action based on market realities, organizational competencies and brand equities. It is supported by long-range objectives, strategic flexibility and a need to stay ahead of change." A lesson I have learned was that an enterprise needs to build long-term objectives to align with the strategic goals and manage the consequences of contemporary decisions. BJ's Prosports (BJ's) is currently running thirty- five stores and ranked #3 among bicycle retailers that plans to achieve aggressive growth....   [tags: Business Analysis Strategy Management]

Free Essays
1729 words (4.9 pages)

This can affect the response from management and the other stakeholders and hamper their embrace of the proposed new strategy and consequently, the effectiveness by which it is launched and executed (Kotter, 1995).

Investing in effective strategic thinking and ensuring a focused strategic vision is definitely a move in the right direction. As reported by Bonn (Bonn, 2001) in her attempt to stress the importance of formulation of strong strategic vision, she draws on the results of a survey carried out (Collins and Porras, 1998 cited in Bonn, 2001, p.66 ) on a number of companies, some of who had focused, well-thought-through strategic visions while others had much less deliberate, haphazardly formulated vision statements or vision statements which had no been reviewed for a length of time. The results were clear: over an 11 year period, those with focused strategic vision made a whopping average of 1500% more profit for its shareholders!

Strategic thinking allows for a thorough evaluation of:
• A company’s competencies and skills, thus determining its strengths and weaknesses and their implication on the performance of the company;
• The portfolio of a company’s products/services, and thus their relevance within the markets which the company competes;
• The environment in which the company competes in relation to its products/services as well as other interrelated industries, and the drivers to which it is subjected;
• A company’s target market (and potential target markets) and its needs;
• Direct and indirect competitors and their current and potential effect on the company’s competitive advantage; and
• Capacities of suppliers and buyers which the company interacts with. (CFAR, 2001).

Such thorough, deliberate, focused evaluation of the environment within which an organization works undoubtedly allows for deliberate strategic decisions which increases the likelihood of it developing a more pro-active vision which takes into consideration of the effects of potential changes (positive or negative) within its operational environment, rather than forcing it to make reactional strategic decisions drawing it away from concentrating on making any sustained gains in its competitive advantage, but instead making decisions to “just keep its head above water”. Cost notwithstanding, the benefits as evidenced by performance of leading companies in different sectors is proof enough.

Thompson A. A, Strickland A. J & Gamble J. E. (2008) Crafting and Executing Strategy: The Quest for Competitive Advantage, 16th ed. New York: McGraw-Hill/Irwin

Bonn I. (2001) ‘Developing Strategic Thinking As a Core Competency’, Management Decision, 39 (1), pp.63-70. Available from:

Temkin, T (2003) ‘Strategic Plans Aren’t the Answer (Part 1 of a 5 Part Series), Nonprofit Boards and Governance Review, September 2003 [Online]. Available from:

Kotter J. P. (1995) ‘Leading Change: Why Transformation Efforts Fail’, Harvard Business Review, [Online]. Available from:

CFAR (2001) Briefing Notes: What is Strategic Thinking?, Center for Applied Research [Online]. Available from:
Return to