The document discusses strategic analysis and strategic thinking. It defines strategic analysis as examining an organization's environment and resources to formulate a strategy to meet objectives and improve performance. It identifies 5 essential components of strategic analysis: committed people, long-term strategic objectives, strategic alternatives, evaluation and choice of strategies, and monitoring of strategy implementation. It also outlines 6 elements of strategic thinking: anticipate, challenge, interpret, decide, align, and learn. Finally, it provides tips for improving strategic thinking skills such as being proactive, understanding counterarguments, constantly optimizing, and keeping up-to-date.
The document discusses strategic analysis and strategic thinking. It defines strategic analysis as examining an organization's environment and resources to formulate a strategy to meet objectives and improve performance. It identifies 5 essential components of strategic analysis: committed people, long-term strategic objectives, strategic alternatives, evaluation and choice of strategies, and monitoring of strategy implementation. It also outlines 6 elements of strategic thinking: anticipate, challenge, interpret, decide, align, and learn. Finally, it provides tips for improving strategic thinking skills such as being proactive, understanding counterarguments, constantly optimizing, and keeping up-to-date.
The document discusses strategic analysis and strategic thinking. It defines strategic analysis as examining an organization's environment and resources to formulate a strategy to meet objectives and improve performance. It identifies 5 essential components of strategic analysis: committed people, long-term strategic objectives, strategic alternatives, evaluation and choice of strategies, and monitoring of strategy implementation. It also outlines 6 elements of strategic thinking: anticipate, challenge, interpret, decide, align, and learn. Finally, it provides tips for improving strategic thinking skills such as being proactive, understanding counterarguments, constantly optimizing, and keeping up-to-date.
Krate with 12 bottles of water 5 warm sweaters First Aid Kit Radio STRATEGIC ANALYSIS According to Urgel, E. (2017), Strategic analysis is the process of examining the organization’s surroundings and resources to better formulate a strategy to meet the desired objectives and improved the organization’s performance.
In its simplest form, strategic thinking is an
ability to plan for the future. 5 Essential Components of Strategic Analysis (Urgel, E. 2017)
1. Committed people. The initial step in strategic
planning is getting the right people at the right time. 2. Long-term strategic objectives. The objectives are poised to enhance the organizations performance. 3. Strategic alternatives. The planning team should be able derive options from brainstorming and SWOT Analysis. 4. Evaluation and choice of strategies. The process of formulating a strategy which involves evaluating and picking out which strategies could facilitate the attainment of long-term improvements. It should include all those revealed by Strength, Weakness, Opportunities and Threats (SWOT) analysis of the organization. 5. Monitoring of strategy implementation. There should be a plan for formal and regular reporting and other measures of plan implementation. 6 Elements of Strategic Thinking (Samantha Howland, 2015) • Anticipate • Challenge • Interpret • Decide • Align • Learn IMPROVING YOUR STRATEGIC THINKING SKILLS • BE PROACTIVE Understanding that strategic thinking is all about being prepared for the future, take initiative and do things before you’re asked to, or you need to respond reactively.
• UNDERSTAND COUNTER ARGUMENTS
Developing an understanding and appreciation of opposing ideas, opinions, arguments or by creating an understanding of the whole picture. • Constantly optimize No matter what project or piece of work you’re tasked with, always look for ways to optimize.
• Keep up-to-date with news and trends
Join networks, read widely, engage with employees from different teams in your organization and look for clues of upcoming trends and concepts everywhere you can.