Essay PreviewMore ↓
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. Strategic thinking is not reactive, but proactive. It focuses on how to create a better future by being proactive and adding value to society-through the accomplishment of high payoff results. Strategic thinking always involves change, and often, profound personal change. It is a change in ones mindset. Strategic thinking is imagining the results one wants to achieve in the future and creating an ideal future by defining and achieving results that adds values to the company. The Houston Public Library can also review how the Houston Zoo went from a city department to a private foundation. Strategy, in business, is the combination of foresight, planning, and decision-making that prepares an enterprise to achieve long-term goals and manage the consequences of contemporary decisions.
When creating a strategy the firm needs to decide on both short-term and long-term objectives. The qualities of effective short-term objectives are measurable, priorities, and must be linked to the long-term objectives. Short-term objectives added benefits of values to the firm. Company needs to implement an action plan by giving personnel a better understanding of his or her role in the mission of the firm. When invested in the vision of the company, the employees feel value and pride in helping to achieving the goals.
Determining the company’s needs is the first step when deciding on a long-term objective. Secondly, the company needs to assemble the critical internal and external information. The internal information is free; however; the company will needs to budget for the external information. The company then needs to create a SWOT analysis. A SWOT analysis gives the company strengths, weaknesses, opportunities, and threats that affect the company. A SWOT analysis is a critical, simple representation that provides direction and serves as a foundation for the expansion of a marketing plan.
How to Cite this Page
"Strategic Thinking." 123HelpMe.com. 20 Jan 2020
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- 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]
720 words (2.1 pages)
- 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]
1238 words (3.5 pages)
- 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]
724 words (2.1 pages)
- 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]
1224 words (3.5 pages)
- 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]
2060 words (5.9 pages)
- "A true leader has the confidence to stand alone, the courage to make tough decisions, and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the equality of his actions and the integrity of his intent." --Douglas MacArthur Section A In the words of Northouse, P., (2016), leadership is the development by which an individual inspires a group of individuals to accomplish a shared goal. Thus, leadership requires influence by which leadership does not exist (Northouse, P., 2016).... [tags: Emotional intelligence, Emotion, Skill, Individual]
1310 words (3.7 pages)
- In the face of the competition and changes that exist in the contemporary, dynamic, and challenging healthcare market, strategic thinking and planning can be used to gain a competitive edge. These concepts are often critical when especially embarking on new projects or making changes to existing ones. It may require innovative and creative thinking to come out with promising recommendations and strategies which must be implemented systematically and logically. Strategic thinking helps organizations to understand a pattern of investment decisions (time, talent, and money) for their capabilities (Chilingerian, n.d).... [tags: Electronic health record, Health care]
1137 words (3.2 pages)
- 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]
1044 words (3 pages)
The Contribution of Strategic Management and Strategic Thinking Processes to Organisational Performance
- The Contribution of Strategic Management and Strategic Thinking Processes to Organisational Performance Strategic management and strategic thinking processes make a significant contribution to organisational performance. A strategy, according to Robbins and Barnwell (2002, p. 139) is “the adoption of courses of action and the allocation of resources necessary to achieve the organisation’s goals”. It is important for organisations to achieve their goals, as this can assist them to reach a competitive advantage, which is a highly attractive position for a firm to be in.... [tags: Strategic Management Business]
1697 words (4.8 pages)
- Introduction The purpose of this paper is dive into multinational corporations and to examine how their strategic thinking and innovation affect total company output and results. It will also examine one of the corporation’s strategic business units with focus on what enable them to maintain a competitive edge in the industry in terms of operating environment, diversification, strategy and business model as well as how they react to competition in the industry. Evidence has shown that the success of any business organization is as good as the strategic plans and business model being exercised by leaders within the organization and how well they respond to the needs of the external environme... [tags: multinational corporations]
2003 words (5.7 pages)
A broad move toward a goal that guides a company’s key action is a grand strategy. “Grand strategies indicate the time period over which long-range objectives are to be achieved. Thus, a grand strategy can be defined as a comprehensive general approach that guides a firm’s major action” (Pearce & Robinson, 2004, p. 200). A company can uses one, some, or a mixture of the 15 principal grand strategies to provide as the basis for achieving the main long-term objectives of a singe firm. The strategies are: concentrated growth, market development, product development, innovation, horizontal integration, vertical integration, concentric diversification, conglomerate diversification, turnaround, divestiture, liquidation, bankruptcy, joint ventures, strategic alliances, and consortia. A company has to research and select the best grand strategy for the firm.
In the past decade there is a movement to privatize some city departments. “In 2002, the Houston Zoo privatized, which gives it the flexibility and the internal leadership to allow it to go from being a good regional zoo to being a true community asset and destination of choice” (Houston, 2008, para. 2). The Lincoln Park Zoo in Chicago, Illinois; San Francisco, California; Pittsburgh, Pennsylvania; El Paso, Texas; and Honolulu, Hawaii are a few that has turned to privatization. As with anything new there will be supporter and non-supporter for the change. Many questions are raised on both sides of the fence. One main concern is the protection of city employees. Another concern is who will bear the legal responsibility for the department.
“Contrary to popular belief, many of the best zoos in the nation are run by private, not-for-profit institutions. Over the years, more and more municipalities have found their zoos too costly and too cumbersome to run” (Wade, 1998, p. 4). Because the Houston Public Library is also a not-for-profit institution, it would benefit from going totally private. Currently, the library is support with both city and private dollars. The Houston Public Library already has several private foundations supporting different programs and raising money for the capital improvement. For example, in December 2003, the Friends of Neighborhood Libraries was created to raise funds for additional land building upgrades. The nonprofit organization raised $1 million in four months to purchase the land next door to the current Looscan Library located at 2510 Willowick. In total the foundation dedicated 98 percent of the $2.5 million donation to the new Looscan Neighborhood Library.
The moral here is simple: it can be done. Private enterprises can, will, and have taken over services that the government vacates. Unlike other city department, the Houston Public Library is not very profitable, when compared to Municipal Courts, Public Works and Engineering, or the Houston Police Department. The above mentioned department has the largest percentage of the fiscal year budge, whereas the library budget is only around three percent of the total budget. For the Houston Public Library to achieve the goal of being a world class library, privatization is one way in which this can be achieved. The library would no longer have to fight other entity within the city for a slice of the pie. Privatization would give the library greater freedom to expand without depending solely on taxpayer funds.
Houston Zoo. (2008). Support the Zoo. Retrieved March 2, 2008, from http://www.houstonzoo.org
Pearce, J. A., & Robinson, R. B. Jr. (2004). Strategic management: Formulation, implementation, and control (9th ed). New York: McGraw-Hill Irwin
Wade, K. (1998). It’s a jungle out there: What we can learn from the privatization of zoos. Retrieved March 4, 2008, from http://www.enterstageright.com