Without strategic thinking or management, strategic thought will consume itself in the search for order and procedure. Strategic planning and management are informed by strategic thinking. Strategic thought is given voice, action, and structure through strategic planning and management.
What is strategic thinking?
- A person uses strategic thinking as a mental or intellectual strategy to accomplish a goal or set of goals. It causes thought because it is a cognitive activity.
- strategic thinking is the production and use of distinctive business insights and possibilities designed to give a company or organization a competitive advantage. This is done as part of an organizational strategic management process.
- It can be carried out both alone and cooperatively by influential individuals who have the power to change the course of an organization.
- By encouraging proactive and creative discourse where people can learn other people's viewpoints on important and complex issues, group strategic thinking may add more value.
- In today's very competitive and rapidly evolving business environments, strategic thinkingis viewed as advantageous.
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