Strategic thinking is an extremely effective and valuable tool. One can apply strategic thinking to arrive at decisions that can be related to your work or personal life.
They had no strategic planning process and only ten business days to deliver a comprehensive strategic plan. We brought in the Brainzooming process to develop an innovative strategic plan in one day.
Structuring a day-long session using question-based exercises allowed the team to answer questions about the business, participate in exercises to stretch strategic perspectives on competition and opportunities, and come back the next morning to make people and timing decisions on a tight plan to share with the operating president.
We combined their deep knowledge with strategic thinking exercises and facilitation allowing us to challenge and create a strategic plan from their answers. This experience demonstrated the clear benefit of the emerging Brainzooming process. Stimulating a Management Team that Knows It All We rolled into town to help a really experienced senior management team tackle annual strategic planning.
Because of their tenure and smarts, they knew the company inside- out. This knowledge rendered them ill-suited to solving a long-term growth challenge: During the course of a day-long planning session, I created a new exercise on the fly based on a brand in a very different industry sharing the same fundamental characteristics of our client.
I asked the group to suggest how this other company could address the same challenge they were facing. All of a sudden ideas started flowing non-stop.
We were able to take the concepts and strategically apply them to their business. Left on its own to think strategically, the management team would never have reached an alternative look at its business.
An outside perspective, unburdened by excessive detail was critical to identifying an analogous situation, providing an entree for innovative strategic thinking and implementation.
Doing the Thinking for a Distracted Management Team We had a pre-scheduled planning follow-up with a management team who, since our initial session, had been charged with exploring a major brand contraction.
Unable to convince them their new assignment should be the focus for our session, we instead spent time addressing the status quo scenario. Frustrated by the lack of intensity while addressing the status quo, we wrapped the effort early.
Using several creativity techniques during the flight home, we generated really strong creative concepts for the status quo or, with some modification, for the alternative scenario also.
This was a great example of the importance of a balanced group in doing the best strategic thinking. Bringing in outside talent for a creative spark was needed to turn lackluster thinking into vibrant, implementable ideas.
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Strategic thinking is defined as a mental or thinking process applied by an individual in the context of achieving success in a game or other endeavor. As a cognitive activity, it produces thought.. When applied in an organizational strategic management process, strategic thinking involves the generation and application of unique business insights .
Executive Summary. If you believe that strategic thinking is only for senior executives, think again. It can, and must, happen at every level of the organization; it’s one of those unwritten.
Game Theory (Strategic Thinking in Everyday Life) Game Theory, the analysis of the concepts used in social reasoning when dealing with situations of conflict (Rubinstein, ), is one of many methods used to provide rational strategies towards the making of decisions.
Game theory provides logical and. The must-read summary of Avinash Dixit and Barry Nalebuff's book: "Thinking Strategically: The Competitive Edge in Business, Politics and Everyday Life".This complete summary of the ideas from Avinash Dixit and Barry Nalebuff's book "Thinking Strategically" shows that strategic business skills build on and strengthen the competitive advantage of basic business webkandii.com Edition: Businessnews Publishing.