Posted by : Aron вторник, 19 февруари 2013 г.

Strategic thinking



From Wikipedia, the free encyclopedia




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 organisation.[1][2][3] It can be done individually, as well ascollaboratively among key people who can positively alter an organisation's future. Group strategic thinking may create more value by enabling a proactive and creative dialogue, where individuals gain other people's perspectives on critical and complex issues. This is regarded as a benefit in highly competitive and fast-changing business landscapes.[4][5][6]








Contents


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  • 1 Overview

  • 2 Strategic thinking vs. strategic planning

  • 3 Strategic thinking competencies

  • 4 References

  • 5 External links



[edit]Overview


Strategic thinking includes finding and developing a strategic foresight capacity for an organisation, by exploring all possible organisational futures, and challenging conventional thinking to foster decision making today.[7][8] Recent strategic thought points ever more clearly towards the conclusion that the critical strategic question is not the conventional “What?”,[9] but “Why?” or “How?”.[9] The work of Henry Mintzberg[10][11] and other authors,[12][13][14] further support the conclusion; and also draw a clear distinction between strategic thinking and strategic planning, another important strategic management thought process.[6][15]

While 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;[16] most agree that traditional models of strategy making, which are primarily based on strategic planning, are not working.[17][18][19] Strategy in today's competitive business landscape is moving away from the basic ‘strategic planning’ to more of ‘strategic thinking’ in order to remain competitive.[20] However, both thought processes must work hand-in-hand in order to reap maximum benefit.[6] It has been argued that the real heart of strategy is the 'strategist'; and for a better strategy execution requires a strategic thinker who can discover novel, imaginative strategies which can re-write the rules of the competitive game; and set in motion the chain of events that will that will shape and "define the future".[21][22]

[edit]Strategic thinking vs. strategic planning




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