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picture1_Strategic Management Ppt 79405 | Strategic Thinking Seminar


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File: Strategic Management Ppt 79405 | Strategic Thinking Seminar
what is strategic thinking reviewing the literature related to strategic management points out that there is no agreement on definition of strategic thinking a number of authors have used strategic ...

icon picture PPT Filetype Power Point PPT | Posted on 06 Sep 2022 | 3 years ago
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           What is Strategic 
                  thinking
       Reviewing the literature related to strategic 
        management, points out that there is no agreement 
        on definition of strategic thinking. A number of 
        authors have used strategic thinking 
        interchangeably with other concepts such as 
        strategic planning or strategic management. 
        (Monnavarian et al, 2011) examples have been 
        provided by the authors
        What is Strategic 
        thinking
          Strategic thinking has been investigated in 
           both the management and psychological 
           literature with the management literature 
           concentrating on the process of strategic 
           thinking and making strategic decisions 
           (Mintzberg, 1994; Drejer et al., 2005) 
           whereas the psychological literature has 
           concentrated on factors affecting strategic 
           thinking and decision making (Hambrick 
           and Mason, 2001; Pant, 1998).
           What is Strategic 
                  thinking
       According to the management approach strategic 
        thinking involves two distinct thought processes: 
        planning and thinking. Planning concerns analysis, 
        this involves establishing and formalizing systems 
        and procedures whereas thinking involves 
        synthesis encouraging intuitive, innovative and 
        creative thinking at all levels of the organization 
        (Mintzberg, 1994).
         What is Strategic 
         thinking
          Drejer et al., (2005, p. 50) define it as 
           “thinking about possible scenarios and 
           strategy in a creative manner that is 
           relatively free from existing boundaries”. 
           While Bonn, (2005 p. 337) defines 
           strategic thinking as “a way of solving 
           strategic problems that combine a rational 
           and convergent approach with creative 
           and divergent thought processes”.
             What is Strategic 
                     thinking
        Garratt (1995) defined strategic 
         thinking as a process by which 
         senior executives ‘‘can rise above 
         the daily managerial processes 
         and crises’’ (p. 2) to gain a 
         different perspective of the 
         organization and its changing 
         environments.
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