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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
Ernest Hemingway (1899- 1961) and Sylvia Beach (1887-1962) both came to Paris from America with goals of reaching success. Although drastically different, each managed to achieve his or her goal on their own and with the support that the other gave, their goals became much easier to accomplish. Through the opportunities Beach provided, Hemingway transformed from an aspiring writer to a Nobel Prize winner in Literature. The influence of Sylvia Beach and her bookstore, Shakespeare and Company, provided to be the stepping-stone—through readily available novels to study and opportunities to meet other notable authors—Hemingway needed as a young, novice writer in Paris to flourish into the great American prose author that world sees him as today.
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.
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.
... 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.
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 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.
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
Strategic management is a disciplined effort or control to make necessary decisions that have an effect on a business or an organization; the aim of strategic management is mainly to develop new, innovative or diverse ideas and opportunities for potential or development, and facilitates or assists an organization to achieve its goals (SM, 2010). In reality, strategic management not only can be used or applied to determine mission, vision and values or objectives, but it also establishes roles and responsibilities or timelines in a business (David, 2009). In the following sections, this study will focus on and examine the nature of strategy formulation, implementation, and evaluation activities, and analyze the potential pitfalls or risks in using a strategic-management approach to decision making.
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
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.
The four steps that lead managers and the firm through the strategic planning process are first defining the company’s mission, then setting objectives and goals, next designing a business portfolio and lastly developing functional plans. The first step involves focusing on consumers’ needs and wants. Setting forth a market oriented mission that organizations want to reach based on consumers of the environment. After finding the mission, organizations then proceed to put together supportive objectives for every level of management to help achieve its mission. Next the company has to design a business portfolio evaluating all of its current business and future business by coming up with
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 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).
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.