elements of strategic thinking pdf

A few days earlier, with the endobj ��y�\2�\��R�'$j �]f��p��Y��8p��Ō6FR��ԡ8��e��9e��V�c�֩P�B��%$'2�@ӑ�MH�M\P*�U))U~c,k�U�^E�=*��U�mű�e]�r,��UMע��-V�k�ꑻ�\��} �0l��}2�I`��O��ўI��)Ӡ�� T�R��.��4[x�Ir�~��w4ߴi�N"��C��p�P��#@�˹��e�_m��#y�P��Ȓ��c�f�ƈ'-�\y�E��ϕ��}��Qa}�QU��b��?��~�hG��_�n��9+��9_k2w�;��vkJ�n|�I��tr� u ޔ�J�$��/�f�xx�r^Ⱦ�{��_��V��?~��t��݊gE�7ש�%v}Y�^m�d0^>�)��*s�G"ӜpU�QA��fD��{��v��0-��7eg.M A tactical thinker avoids complexity. Key Elements of a Strategic Plan. You'll need to consider some key elements to build that strategy. endstream endobj 54 0 obj <> endobj 55 0 obj <>/ProcSet 66 0 R>>/Rotate 0/Type/Page>> endobj 56 0 obj <>stream Here are some exampl… What would your company be doing if it were operating in an industry with no risks or challenges? The Strategic Thinking Framework is a good place to start when deciding on a common approach to strategy. x�͘]k�H�� ϧ4*��ni�@�z�:[4��ָ4��=#��F뎫@ �G�d��zG�˝��ӥ��ѥ��rm��vtUX[l>��[3�IWY�ڬ�G��G�n�. endobj THE ELEMENTS OF STRATEGIC THINKING: A PRACTICAL GUIDE Robert Kennedy 58,000 American lives lost, 350,000 casualties, With and untold national treasure forfeited, on April 30, 1975, the last Americans in South Vietnam were airlifted out of the country as Saigon fell to communist forces at the height of the Cold War. Implement the plan. Ability to work across functions 3. Strategic management is itself the fourth and culminating element. A strategic thinker is holistic, looking for the next biggest result to deliver. 4 0 obj ]��n0� �w��߃��`t��'o�@�8pu�$#,�(Q$��*?��$��u��D�`�!�qN � 䁼�$��"2j��_�ҝ�60)VC9�3�}60{0��v�Z�ʖ��C�8qIRJ��:�?e��\²�lSwD��=Bq_*�4�늈1L(Ϊ�;"��{S��6�UB&��ǵ��K�% �1� J܃#�Y��1;L�P��<=�1%QԦyj��"B�a�I�/Αc�V,��TL��N��I7%��i�o��|S��EM��T�N�� endobj 18 0 obj Planning and Strategic Thinking Practitioners learn to think in terms of a formula of steps. The first element is a systems perspective. �B��o��6<�ӛ��"%!-"(*0[pί�#0KW�ĥ��[�_��1(0(iWR�̻w�555 ��v�( <> Interpret: Strategic thinkers continually demonstrate curiosity to connect multiple data points in new … Thinking about Strategic Culture I 35 were formed prior to the nuclear revolution and the development of American nuclear doctrine. This group of elements, which are central to the strategic management process outlined in Figure 10.6 "The Strategy Diamond", makes up the strategy diamond The constellation of business, corporate, and international strategy elements in terms of arenas, differentiators, vehicles, staging and pacing, and economic logic.. %%EOF endobj 3 0 obj endobj Elements of a Strategic Plan A plan spells out where an organization is going over the next year or more and how it is going to get there. <> One of the essential elements in strategic thinking is having desired information that can help leaders in increasing their thinking beyond day-to-day. What goal do you want your business to accomplish that seem far fetched, but can still be achieved? As Figure 1 indicates, strategic thinking encompasses all the other concepts. Intent focused. Core financial understanding Recent research by authors Carroll and Mui underscore the importance of strategic thinking at the organizational level as well. Our findings show that the most important cognitive elements of strategic thinking are creative, visionary, rule oriented and quick insight learning. In order to understand what the strategic framework looks like in action, you need to dissect it. ��}R��ō�z?Y6��tC}C��=�{�� Jnl`��n�d^��W�t�RpЖ�w}��!�qq;�e�d��ʠV�?B�P(9��E׋� M�`õ�Y��4�W. It includes the goals you want to accomplish and an outline of how you intend to fulfill them. Coined in the 1980's by Frederick W. Gluck and his McKinsey Consulting firm colleagues Stephen P. Kaufman and Steven Walleck, strategic management has four basic elements: finance-related planning, forecast-based planning and externally-focused planning. STRATEGY, STRATEGIC PLANNING, STRATEGIC Furthermore, you need to examine the purpose of strategic leadership, as it can endobj 0 <> It will, however, be the combination of applying design tools with a strong understanding or organisational innovation that identifies the strategic value of design thinking. <> addressing the elements of strategic thinking (systems thinking, creativity, vision, etc.) Think of a vision statement as what your small business looks like in an ideal situation. Taken together, these elements are capable of creating superior value, in hard to initiate ways, that make organizations more adaptable to change. endobj endobj design thinking is its ability to capture new knowledge, whereby practitioners might differ in their technique and tools (Bucolo & Matthews, 2010). A strategic thinker embraces possibilities. Of strategic thinking skills is that you are led by someone who is highly.... 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