elements of strategic thinking pdf

endobj endstream endobj 54 0 obj <> endobj 55 0 obj <>/ProcSet 66 0 R>>/Rotate 0/Type/Page>> endobj 56 0 obj <>stream elements in strategic thinking, whereas students have a simplified understanding of strategic thinking, only focusing on a few elements. 8 0 obj 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. h�bbd``b`�)@�q?�` ��$ ��~ �M� Results of the present research indicate that the main elements of strategic thinking at the individual level include having vision, ability to analyze, having systems thinking, ability to question, creativity, ability to make synergy and ability to create advantage. Evaluate the plan. Strategic planning is a disciplined process for making key decisions and agreeing on actions that will shape and guide what an organisation is, what it does, and why it does it. addressing the elements of strategic thinking (systems thinking, creativity, vision, etc.) design thinking is its ability to capture new knowledge, whereby practitioners might differ in their technique and tools (Bucolo & Matthews, 2010). ]��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�� B�P( �B�P( 0 17 0 obj Furthermore, you need to examine the purpose of strategic leadership, as it can endobj STRATEGY, STRATEGIC PLANNING, STRATEGIC H��0��w�q� ��M��flH��l�n��p3��[��R��"��P�*��q`I��p��눭RX.�ePo�O_R(�4I} ��DY��I�}�F�|, �O2yR��g�?�� [7g��Ai��`o�pB݃��q�@��ׂ�{Jm� ��73�_�c�"��[H�%I ��+YqhQ�o�îU^ў�DX��I9�� k��^Ir�gw78dih�3>�|~��H�Q�� g�4�d�ӷv�/��6��a|�Vtho^Uc�{��sRvC��Gud�r��'%��{\��ŎF��y�]�� =Ȓ��Q�O�ݧ0�o y|]�1~��A+)zj��Z6#��8�� endobj Here are some exampl… In simple terms, strategic thinking and/or planning consists of three phases that identify and clarify: 1) where we are now; 2) where we want to be; and 3) how we will get there. ��3��XwWwGGGx��wtuu��~��]M These steps capture the essence of the strategic thinking public relations managers use to make their organization or unit more effective. strategic leadership is the thinking and decision making required to develop and effect the plan. <> By Erica Olsen . Implement the plan, and so forth. 11 0 obj Ability to drive results 4. 7 0 obj Skills for leading at the strategic level are more complex than those for leading at the tactical and operational levels, with skills blurring at the seams between those levels. A few days earlier, with the This occurs via strategy formulation, strategic planning, and strategy deployment (i.e., putting it all into action). <>/Metadata 4447 0 R/ViewerPreferences 4448 0 R>> The Liedtka Model of Elements of Strategic Thinking Liedtka (1998) developed a model that defines strategic thinking as a particular way of thinking, with very specific and clearly identifiable characteristics. Buy Copies. The most effective tool to develop your strategic thinking skills is that you are led by someone who is highly strategic. endstream e*�\)�_� &,N��+��I��7e��a��0ܰ��&� m�,;��=00��B��hk�)q%y��m�U�߷~xx8*2zR�� U�p��yB\��6i��ʎظ��^�B��hii �! Dr. Liedtka says: “Strategic intent provides the focus that allows individuals within an … endobj endobj endobj Planning and Strategic Thinking Practitioners learn to think in terms of a formula of steps. More recently, Poister and Streib (1999) added performance management —pro-viding direction and control over the work of managers and employees to ensure their efforts focused on achiev- [Abstract]: Leadership of organisations are currently faced by what are termed 'post normal' times. 67 0 obj <>stream In order to incorporate strategic thinking into planning processes, however, we must recognize three discrete aspects of the process: repertoire-building, managing the strategic issues agenda, and programming. Strategic thinking is built on a systems perspective, intent driven, hypothesis driven, intelligently opportunistic (capitalizing on new possibilities as the situation changes), and involves the ability to think in time (linking past, present, and future <> What would your company be doing if it were operating in an industry with no risks or challenges? endobj ��"� %PDF-1.3 %�� 10. a. Key Elements of a Strategic Framework. As Figure 1 indicates, strategic thinking encompasses all the other concepts. The model is composed of five elements. A tactical thinker is sequential, focusing on one thing followed by another. 16 0 obj 6 0 obj One of the essential elements in strategic thinking is having desired information that can help leaders in increasing their thinking beyond day-to-day. �B�P( �B�P( endobj <> endobj endobj A strategic thinker is holistic, looking for the next biggest result to deliver. Implement the plan. It requires a holistic framework that unifies all of the different elements in an event ... strategic partnerships and conferences at the Consumer Technology Association, which produces CES, the primary strategy behind the A strategic plan needs a clear statement of your company’s purpose, its reason for existing in the first place. endobj endstream endobj startxref By working on a strategic plan together a team can: The first element is a systems perspective. 15 0 obj ��7o�VUU%D% ��,��Bs�%D%��T�T�5յt��j�i�k��h�)yI1)a�ٿ��c��?��N�P(s��o߾�q�FdD��Kd9�,8[��;�~�}hH��ϟ�p��m�m�]�}}�CCC��>|�_|f��t��l{��s�. Elements of Strategic Thinking Intent Focus Hypothesis Driven Systems Perspective Thinking in Time Intelligent Opportunism 1. Ability to work across functions 3. 10 0 obj 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.. 4 0 obj 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. endobj The Strategic Thinking Framework is a good place to start when deciding on a common approach to strategy. Figure 1 illustrates the five elements of strategic thinking. In order to advance in your career, you need to demonstrate them. General leadership 5. endobj directly from strategic goals and objectives, and links be-tween strategic plans and budgets, as critical elements of the strategic management process. Research. It includes the goals you want to accomplish and an outline of how you intend to fulfill them. <> %�� Get PDF. Interpret: Strategic thinkers continually demonstrate curiosity to connect multiple data points in new … 2 0 obj Rather than rejecting rationality per se as a factor in strategic choice, the strategic culture approach challenges the ahistorical, non-cultural neorealist framework for analyzing strategic choices. A strategic thinker embraces possibilities. <> 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. Developing your strategic thinking skills isn’t enough to get you promoted. stream 58 0 obj <>/Filter/FlateDecode/ID[<58F60333B6C7074D79476795D90F03E7><37C55ED4F7C2874293063CA6458CF9CE>]/Index[53 15]/Info 52 0 R/Length 49/Prev 38107/Root 54 0 R/Size 68/Type/XRef/W[1 2 1]>>stream <> You'll need to consider some key elements to build that strategy. A company’s strategic plan is the game plan that management uses for positioning the company in its chosen market arena, competing successfully, satisfying customers, and achieving good business performance. Print. 14 0 obj Why did you form this company, and what are you hoping to accomplish by developing it and offering its products or service… Strategic thinking boils down to one simple question: What is the desired outcome? <> <> ��}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. Key Elements of a Strategic Plan. HR Talk by Paul Nyausaru Strategic thinking has six key elements that include the ability to: anticipate, challenge, interpret, decide, align and learn. ]��=��h��2R��-��n�z9�rWW��O��]B�P( �5��)�˖.�߲Rr˖.��}R��}��>��٥��q��lW+�+��K�X��:>.��G��P(��Ç��bt��f �ZMY��5pο|��B�08q��Zom 2�� j�e�w��C�P(i��775'%&��B�K�� w�:VUV�JLZ0�� ) In short, one may define strategic leadership as the ability of an experi- 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. This essentially means looking at the definition of strategy and how it can be linked to leadership. A mission statement is your overall, lasting formulation of why your company exists and what it hopes to be. This is marked by complexity, flux and contradictions in all aspects of the operating environments within which the organisations function. These are big questions, yet the vision statement is important to strategic planning because it tells you and your employees the direction your business is headed in. "�η��?9�D�P(�E޾}M4PBTz��a�w��_�իW��<66��z��sg��##��6Z��":Z��ɏ�?Un�kCSAюV��ǎf0��ָ�e��82~��e��P(�_(vzZ��tOLX��B}��ݠ� U%5%y��^ kv�1\M'�_�G u��q��8�3�� 5FI�aq��1�G��M8>�`�7�V%6 ��J? %%EOF Refine the plan. Once there is a consistent definition of strategy enterprise-wide, organizations should include strategy skills into their leadership development programs. '-O��,[�,7'opp�G� ��a\�ÿ�n ��#��B��oO��1/'�j��N>+0::v��u�5��Bb(KBT"�/ #��i�B��m ��J�Iy��7�n�i��3��=}�t��"��Z�5#S��4Mn�y��x�q�v�A��>�&��?�߲y��(. �G�^��`��f��+��T�M\,j�!�\�=� �M}��B�P��>�o��3Zc. x�͘]k�H�� ϧ4*��ni�@�z�:[4��ָ4��=#��F뎫@ �G�d��zG�˝��ӥ��ѥ��rm��vtUX[l>��[3�IWY�ڬ�G��G�n�. Taken together, these elements are capable of creating superior value, in hard to initiate ways, that make organizations more adaptable to change. 1 0 obj Six common components include: 1) tools for analysis; 2) strategic purpose; 3) values; 4) … %PDF-1.7 <> A strategic thinker works to make sure the right things are on the list in the first place. A strategic framework is your road map for moving your business forward. Thinking about Strategic Culture I 35 were formed prior to the nuclear revolution and the development of American nuclear doctrine. endobj <> 12 0 obj 18 0 obj [ 13 0 R] �B��o��6<�ӛ��"%!-"(*0[pί�#0KW�ĥ��[�_��1(0(iWR�̻w�555 ��v�( (These may also be referred to as stretch goals.) The answer to that question helps an executive drive organizational strategy through various ways to maximize results in minimal time, maintain a bird’s-eye view of the big picture and ensure the team aligns its goals with those of the organization. You should connect the managers with the mentors. <> A strategic thinker has a mental model of the complete system of value creation from beginning to end, and understands the interdependencies within the chain. 53 0 obj <> endobj <> Intent focused. endobj Strategic thinking 2. ��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 x��WT�ֆ�wgTr�9�� 1�JN��DDP��A� #A ��%��d1��]s{�ӄ6̽wf�Y�X��ԩ�Z��U�j��B�P( endobj 9 0 obj Summary. stream What goal do you want your business to accomplish that seem far fetched, but can still be achieved? h�b```"ufƟ��ab`a�P``a`��~*qZ_��{Ӹoh��RJ��Z��ݻ�+@�8p**Pb`�X��ln�6 �*� �D. Instead of doing what seems like the next best thing, you can stop and take the time to develop a strategy. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 3 0 obj Format: The workshop format included a series of keynote presentations ... “Strategic Thinking in a Complex World” — Ms. T. Irene Sanders, Washington Center for Complexity and Public Policy <> Think of a vision statement as what your small business looks like in an ideal situation. A tactical thinker avoids complexity. endobj <> Planning is an important aspect of strategic thinking and management. Strategic management is itself the fourth and culminating element. These are the five elements that make up strategic thinking as described by Dr. Jeanne M. Liedtka, a faculty member at the University of Virginia's Darden Graduate School of Business and former chief learning officer at United Technologies Corporation. 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[ Abstract ]: leadership of organisations are currently faced by what are termed 'post normal times! Approach to strategy and links be-tween strategic plans and budgets, as elements! And take the time to develop your strategic thinking ( systems thinking, creativity, vision, etc. managers... Of National Power think of a vision statement as what your small business looks like in action, you to...