Strategic Thinking : Strategic Planning Essay examples

1012 Words Jul 3rd, 2016 5 Pages
Strategic thinking is a process of planning that includes innovation , strategic planning and operational planning to develop business strategies that have a greater chance for success

Importance of Strategic thinking is to create a strategy that is a coherent, unifying, integrative framework for decisions especially about resource utilization and direction of the business.To do this, Strategic Thinking uses internal and external data and qualitative synthesis of opinions and perceptions.also it is conscious, proactive,explicit and defines competitive domain for corporate strategic advantage.

Strategic thinking is to identify and establish Values and Principles to ensure the organization is successful in achieving its strategic goals.And for this senior managers and leaders in organizations have a responsibility to make the required time to undertake Strategic thinking in their business planning including vision , mission and values

The importance of an organization to develop a vision, mission, and values is important for strategic direction. and without the individual foundations of strong values illustrated by a vision to be undertaken by a mission, an organization cannot become an overly successful organization any more.

Principles Of Vision , Values and Mission From Leadership Perspective.

Vision along with a company’s mission and values are the foundation of every business. With out all these organization cannot run in harmonious way in achieving its targeted…

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