These separate academic strands have developed different approaches to defining critical thinking that reflect their respective concerns. Both the approaches discussed above provide a useful perspective that management can use during the strategy execution phase to ensure that implementation. Strategy refers to a general plan of action for achieving ones goals and objectives. This paper argues that companies often lack a systemic approach to their strategy development process, and that environmental influences are. Liedtka b ashing traditional approaches to strategic planning has become the favoured pasttime of lead ing business authors on both sides of the atlantic. In study after study, strategic thinkers are found to be among the most highly effective leaders. Planning has been defined in various ways, ranging from thinking about the future to specifying in advance who is to do what when. Therefore, it is desirable to understand the nature of strategic decision making.
Groupthink occurs when there is a homogenous group of people with little influence from outside sources and a high level of pressure to conformity. Organizational practices to develop strategic thinking. Strategic thinking is concerned with exploration usually based on limited and patchy information and options, not the steps needed for implementation of actions, which is the realm of strategic planning. A key distinction between strategic thinking and strategic planning is that the former occurs on a regular basis, as part of our daily. The effective schools in this report were highly strategic and evaluative when trialling new approaches and innovations. Pdf strategic thinking and strategic leadership essay. Cmoe offers customized strategic thinking exercises and learning initiatives designed to support your companys strategic vision and growth. Its easier to figure out tough problems faster using chegg study. Situation target proposal draw see think plan situation evaluate the current situation and how it came about. A strategy or general plan of action might be formulated for broad, longterm, corporate goals and objectives, for more specific business unit goals and objec. Download webinar pdf 1197kb, mp4 27890kb apr 26, 2018 this webinar was recorded on april 25, 2018.
Download it once and read it on your kindle device, pc, phones or tablets. These sentiments are echoed by two other leading theorists in the field, prahalad and hamel 1989, who describe traditional approaches to planning as form filling. The approach of strategic planning and strategic thinking these two approaches strategic planning and thinking are related to the ends of the 10 schools of thought of strategy which belongs to a recognizable and planning environment. Approaches to planning processes and planning system designs vary greatly. Approach author details examples design thinking includes. A complex adaptive systems approach to strategic planning strategic planning is one of the most requested consulting services in both the forprofit and. Consider the suggestion made in the case study that, at this stage in their development. Every organization needs a strategy and there are 3 approaches to forming this strategy. Strategic decision making is the core of strategic management. Strategic thinking is defined as a mental or thinking process applied by an individual in the context of achieving a goal or set of goals in a game or other endeavor.
And while there is an abundance of courses, books, articles and opinions on the process of. Strategic thinking as an ability is, therefore, the aptitude to combine facts, ideas and experience, in order to sense, reflect, imagine, diagnose, visualize, interrelate, challenge and synthesize elements of the strategic context and processes, goi g up and down the ladde of a st a tio heracleos. Each of these approaches is explored more fully below. Design and design thinking in business and management. Approaches to strategic planning introduction strategic planning can sometimes sound very theoretical. Develop strategic thinkers throughout your organization. Now considered essential to maintaining a competitive edge, many organizations are seeking. In many respects, it is even more important than strategic planning. To think strategically means to see and understand the bigger picture of what the organization. Ideally, the leader will help the team to see and understand the bigger picture even as team members focus on the daytoday work. A realistic approach to strategic thinking and acting scielo. A complex adaptive systems approach to strategic planning. Critical approaches to strategic management 93 do so within an intraorganizational perspective that eschews consideration of broader social and political structures alvesson and willmott, 1996.
Introduction to strategic leadership 3 in strategic leadership, we will help you develop that bigpicture understanding of how to guide your actions. This case study focuses on strategic thinking and opportunistic. The coming competencies ann herrmannnehdi ceo herrmann international 794 buffalo creek road lake lure, nc 28746 summary creativity and strategy are no longer optional in todays rapidly changing business environment. But strategic thinking in not only a leadership quality, it is an important. Most approaches are experiential and focused on elites. They refer to strategic thinking as crafting strategic architecture but.
Therefore, strategic thinking and planning must work handinhand in order to reap maximum benefit. Contemporary approaches and strategic thinking thesis, doctor of philosophy phd. Second, we examine how systems thinking might help manage complex situations more effecti. The liedtka model of the elements of strategic thinking. In the wake of the generally accepted demise of traditional strategic planning approaches, strategic thinking has been heralded as the panacea to much of what has been seen as wrong with previous. The purpose was to analyze strategic thinking through the lens of the practitioner. Strategic planning is defined as a part of this corresponding author. In simple terms, strategic thinking andor planning consists of three phases that identify and clarify. Find all the books, read about the author, and more. But we will also encourage you to take responsibility and initiative for how you implement those strategies on a daytoday tactical level. A single core competence or capability is not the driver of strategic planning. Current research suggests that strategic planning and strategic thinking are different sides of the same coin and each one on its own is necessary, but not sufficient for an efficient strategic management framework. Following a multilevel approach, the purpose of this paper is to develop a framework of strategic thinking, which integrates the micro.
On a business level, strategy thinking means that you are able to come up with effective plans to resolve a situation or to achieve a companys goal. However, there is an additional factor to strategic thinking that i often find missing from leaders skill sets. The first step requires finding the motivation to begin tregoe, zimmerman, smith, and tobia, 1989 strategic management is not a clean, step by step process. Strategic planning december 2012 creating a strategic plan approaches and questions there are many approaches to strategic planning, but typically one of two approaches is used. As strategic thinking and strategic planning are often done in a group setting, its important to recognize the influence of groupthink. Click on the download buttons to watch the recording and to view the presentation slides.
When analysis draws from critical theory see introduction to this volume management is viewed as a set of practices and discourses embed. Strategic thinking skills in your organization strategicthinking skills are essential for all levels of the organization in todays business world. Strategic decision is a major choice of an action concerning committing of resources with a view to achieve organizational objectives. Components of strategic thought and action in simple terms, strategic thinking andor planning consists of three phases that. A stepbystep approach to strategy and leadership kindle edition by wootton, simon, horne, terry. Read the case study under appendix 2 on strategic planning. A nine step approach to strategy and leadership for managers and marketers paperback august 20, 2010.
This paper proposes a managerial approach to strategic thinking and strategy formulation which takes both process and content issues into account. Factors that contributed to their effectiveness in accelerating student progress were leadership capability, teaching capability, assessment and evaluative capability, the capability to develop. In the static condition, we demonstrate how a systems approach can make transactional or discrete interventions more strategic, and capable of accruing toward systemic effect. 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. In order to be strategic, you need a solid understanding of the industry context, trends, and business drivers.
Strategic thinking and its approaches textroad journals. Key approaches and trends in strategy topic gateway series 5 strategy is about giving direction, rather than specific commands. A summary of approaches to design thinking is presented in table 1. Strategic planning is the channeling of business insights into an action plan to achieve goals and objectives. Everything you need to know about the different approaches to strategic decision making. Strategic thinking deals with the analysis of opportunities and problems from a comprehensive. Strategic thinkers depict the future image and they have a pragmatic approach for. Pdf a b s t r a c t there is an increasing focus in todays organization on measuring results and calculating return on investment.
Pdf strategic thinking and strategic planning are concepts that are not clearly. This kind of thinking requires a wide range of strategic thinking skills that every good leadership have to possess. An intellectual appreciation of the importance of bringing in current data and. So strategic thinking needs a particular mindset and capacity to move beyond the linear it needs open minds, and you have to be. Instead, the basis for competitive advantage and new business development is based on diverse competencies. Yet with time limits and stress from work and family. Use features like bookmarks, note taking and highlighting while reading strategic thinking. The litany of indictments against the types of planning processes in place at most large multinational firms is. The current trends in strategic thinking can be gauged by tracking the influence of various thinkers. Organizations make limited use of the range of approaches to develop strategic thinking, many indirectly supporting its development via general leadership programs. One of the keys to becoming a great leader is to constantly improve your strategic thinking, so you can adjust to new global realities. As such, it is in the public domain, and under the provisions of title 17, united states code, section 105, it may not be. All this makes strategic thinking and action a tough challenge.
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