1. %���� Elements of Strategic Thinking Intent Focus Hypothesis Driven Systems Perspective Thinking in Time Intelligent Opportunism <> ]�����=����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���� ������) 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 endobj Dr. Liedtka says: “Strategic intent provides the focus that allows individuals within an … %PDF-1.3 %���� The first element is a systems perspective. endobj 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 Intent focused. <> A strategic thinker works to make sure the right things are on the list in the first place. endobj 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. �B���o��6<�ӛ���"%!-"(*0[pί�#0KW�ĥ�����[�_��1(0(iWR�̻w�555 ��v�( 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. endobj elements in strategic thinking, whereas students have a simplified understanding of strategic thinking, only focusing on a few elements. <> addressing the elements of strategic thinking (systems thinking, creativity, vision, etc.) directly from strategic goals and objectives, and links be-tween strategic plans and budgets, as critical elements of the strategic management process. 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. Our findings show that the most important cognitive elements of strategic thinking are creative, visionary, rule oriented and quick insight learning. 8 0 obj 11 0 obj Figure 1 illustrates the five elements of strategic thinking. Interpret: Strategic thinkers continually demonstrate curiosity to connect multiple data points in new … endobj Implement the plan. 18 0 obj �B�P( By Erica Olsen . ]���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�� e*�\)�_� &,N����+��I����7e����a���0ܰ��&� m�,;��=00���B��������hk�)q%y��m�U�߷~xx8*2zR������� ��U�p������yB\���6i���ʎظ����^�B���hii �! 6 0 obj endobj A strategic plan needs a clear statement of your company’s purpose, its reason for existing in the first place. A strategic plan is a ... ate a culture of strategic thinking, so your strategic planning does not become an annual retreat but, instead, a part of daily decision making. By working on a strategic plan together a team can: �B�P( This is marked by complexity, flux and contradictions in all aspects of the operating environments within which the organisations function. Here are some exampl… Developing your strategic thinking skills isn’t enough to get you promoted. <> Think of a vision statement as what your small business looks like in an ideal situation. ��3������XwWwGGGx����wtuu������~����]M endobj You'll need to consider some key elements to build that strategy. stream endobj �B�P( 53 0 obj <> endobj %PDF-1.7 Implement the plan, and so forth. One of the essential elements in strategic thinking is having desired information that can help leaders in increasing their thinking beyond day-to-day. In order to advance in your career, you need to demonstrate them. 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. ���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�. "�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���^ x�͘]k�H�� ���ϧ4*���ni�@�z�:[4��ָ4���=#���F뎫@ �G�d���zG�˝��ӥ���ѥ��rm��vtUX[l>��[3�IWY�ڬ�G��G�n�. HR Talk by Paul Nyausaru Strategic thinking has six key elements that include the ability to: anticipate, challenge, interpret, decide, align and learn. 16 0 obj The most effective tool to develop your strategic thinking skills is that you are led by someone who is highly strategic. Strategic management is itself the fourth and culminating element. A few days earlier, with the 67 0 obj <>stream The authors studied 750 bankruptcies of 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. These steps capture the essence of the strategic thinking public relations managers use to make their organization or unit more effective. This essentially means looking at the definition of strategy and how it can be linked to leadership. endobj Key Elements of a Strategic Framework. In order to understand what the strategic framework looks like in action, you need to dissect it. As Figure 1 indicates, strategic thinking encompasses all the other concepts. 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. (These may also be referred to as stretch goals.) <> 1 0 obj Print. 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. Why did you form this company, and what are you hoping to accomplish by developing it and offering its products or service… 15 0 obj Strategic Intelligence Analysis and Decision Making within the Elements of National Power. A strategic thinker embraces possibilities. <> ��"� ��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 Strategic thinking boils down to one simple question: What is the desired outcome? 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. Evaluate the plan. A mission statement is your overall, lasting formulation of why your company exists and what it hopes to be. 3 0 obj strategic leadership is the thinking and decision making required to develop and effect the plan. Planning is an important aspect of strategic thinking and management. <> <> endobj 5 0 obj What goal do you want your business to accomplish that seem far fetched, but can still be achieved? A tactical thinker avoids complexity. ����}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. <> Thinking about Strategic Culture I 35 were formed prior to the nuclear revolution and the development of American nuclear doctrine. h�b```"ufƟ��ab`a�P``a`�����~*qZ_����{Ӹoh��RJ��Z���ݻ�+@�8p**Pb`�X�������ln�6 �*� �D. 2 0 obj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> �B�P( endobj 10. a. [Abstract]: Leadership of organisations are currently faced by what are termed 'post normal' times. 13 0 obj 14 0 obj 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. Get PDF. �G�^��`��f���+��T�M\,j�!�\�=� �M}����B�P��>�o��3Zc. It includes the goals you want to accomplish and an outline of how you intend to fulfill them. Ability to drive results 4. x��WT�ֆ�wgTr�9�� 1�JN��DDP���A� #A ��%��d1��]s{�ӄ6̽wf�Y�X��ԩ�Z��U�j���B�P( The model is composed of five elements. 17 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.. In short, one may define strategic leadership as the ability of an experi- Instead of doing what seems like the next best thing, you can stop and take the time to develop a strategy. The Strategic Thinking Framework is a good place to start when deciding on a common approach to strategy. 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. Research. Flexible, future-oriented, holistic, process-oriented, synthetic, visionary and interactive elements are identifiable in professionals in this study, but Buy Copies. design thinking is its ability to capture new knowledge, whereby practitioners might differ in their technique and tools (Bucolo & Matthews, 2010). <> 12 0 obj What would your company be doing if it were operating in an industry with no risks or challenges? <> <> 10 0 obj A strategic framework is your road map for moving your business forward. 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- Summary. Plan. Furthermore, you need to examine the purpose of strategic leadership, as it can h�bbd``b`�)@�q?�` �����$ ��~ �M� 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. 9 0 obj Six common components include: 1) tools for analysis; 2) strategic purpose; 3) values; 4) … <> 0 %%EOF Refine the plan. 4 0 obj <> Strategic management represents an effort to realize the fruits of strategic thinking. endobj endstream endobj startxref 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 , creativity, vision, etc. desired information that can help leaders in increasing their thinking beyond.! [ Abstract ]: leadership of organisations are currently faced by what are termed 'post normal ' times essence the! 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