Jump to navigation Critical thinking objectives to search Not to be confused with Strategic planning.
Strategic thinking is defined as a mental or thinking process applied by an individual in the context of achieving success in a game or other endeavor. As a cognitive activity, it produces thought. When applied in an organizational strategic management process, strategic thinking involves the generation and application of unique business insights and opportunities intended to create competitive advantage for a firm or organization. Strategic thinking includes finding and developing a strategic foresight capacity for an organization, by exploring all possible organizational futures, and challenging conventional thinking to foster decision making today. General Andre Beaufre wrote in 1963 that strategic thinking «is a mental process, at once abstract and rational, which must be capable of synthesizing both psychological and material data. There is no generally accepted definition for strategic thinking, no common agreement as to its role or importance, and no standardised list of key competencies of strategic thinkers.
There are many tools and techniques to promote and discipline strategic thinking. The flowchart to the right provides a process for classifying a phenomena as a scenario in the intuitive logics tradition, and how it differs from a number of other planning approaches. Process for classifying a phenomena as a scenario in the Intuitive Logics tradition. Graetz’s model holds that the role of strategic thinking is «to seek innovation and imagine new and very different futures that may lead the company to redefine its core strategies and even its industry».
A future that is predictable and specifiable in detail. The roles of formulation and implementation can be neatly divided. Senior executives obtain the needed information from lower-level managers, and then use it to create a plan which is, in turn, disseminated to managers for implementation. Asserts control thinking measurement systems, assuming that organisations can measure and monitor important variables both accurately and quickly. Lower-level managers need only know his or her own role well and can be expected to defend only his or her own turf. The challenge of setting strategic direction is primarily objectives. Focus is on the creation of the critical as the ultimate objective.
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Systems perspective, refers to being able to understand implications of strategic actions. A strategic thinker has a mental model of the complete end-to-end system of value creation, his or her role within it, and an understanding of the competencies it contains. Intent focused which means more determined and less distractible than rivals in the marketplace. Crediting Hamel and Prahalad with popularising the concept, Liedtka describes strategic intent as «the focus that allows individuals within an organization to marshal and leverage their energy, to focus attention, to resist distraction, and to concentrate for as long as it takes to achieve a goal. Thinking in time means being able to hold past, present and future in mind at the same time to create better decision making and speed implementation.
Strategy is not driven by future intent alone. It is the gap between today’s reality and intent for the future that is critical. Scenario planning is a practical application for incorporating «thinking in time» into strategy making. Hypothesis driven, ensuring that both creative and critical thinking are incorporated into strategy making. This competency explicitly incorporates the scientific method into strategic thinking.
Intelligent opportunism, which means being responsive to good opportunities. The dilemma involved in using a well-articulated strategy to channel organisational efforts effectively and efficiently must always be balanced against the risks of losing sight of alternative strategies better suited to a changing environment. Strategic Thinking : The power of collaboration». I Gurgaon and Arun Sahay, Professor and Area Chairman, Strategy Management, M. With All This Intelligence, Why Don’t We Have Better Strategies? From Strategic Planning to Strategic Thinking».
The Strategy Book: How to think and act strategically for outstanding results», FT-Prentice Hall. The Fall and Rise of Strategic Planning. Liedktka Strategic Thinking-Can It Be Taught? 6 Habits of True Strategic Thinkers by Paul J.
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