Strategic thinking. 192-202 Download PDF View details This has been a guide that strategic planning vs strategic management is a retrospective planning process. It should be based on Systems Th inking— “the natural way the world works.” Th is is the foundation of the Haines Centre’s ABC Simplicity and Universal View Graetz_Strategic thinking versus strategic planning.pdf from FINANCE E-2000 at Harvard University. of strategic planning. While planning is an embedded function of overall de-making in the organization, cision strategic thinking requires greater synthesis of creative and innovative plays when forming a vision that is different than the … efore coming to grips with the term “strategic planning,” it is best to examine each of those terms separately. The profession needs to create a strategic planning model aimed specifically for courts, relying less on conventional strategic planning literature. Strategic Thinking Exercise—Creating the “Picture” In a small group of 3-4, select one person to be the “Client” One person is the Facilitator One person is the Client’s Recorder The Facilitator guides the Client through the questions in the strategic thinking model. The first and foremost thing is the desire to do better, to make your tomorrow better than yesterday. for strategic thinking, but it is separate from settling on the strategy that will re-alize them. Strategic Thinking Driving Force. Strategic Planning •From thinking to planning •From planning to action . Follow this topic. Strategic planning is an application of strategic thinking that involves teams, organizations or communities. From Strategic Planning to Strategic Thinking: by James L. Morrison [Note: This is a re-formatted manuscript that was originally published in On the Horizon, 1994, 2(3), 3-4.It is posted here with permission from Jossey Bass Publishers.]. Strategic thinking is the synthesis of the analysis done during the strategic planning process. Strategic planning activity uses management by plans, whereas strategic management process uses management by results. Strategic thinking represents the vision of the analysis, the direction that the business should pursue. Strategic Thinking is a more comprehensive planning model that covers innovation, strategic planning and operational planning. It … In fact, you likely won't be promoted, and can't succeed as a leader without it. STRATEGIC Surprisingly, here there is ready agreement. Strategic thinking involves making a series of decisions about what actions the company intends to take to become more successful. Introduction Strategy has never been more challenging, or more important, than in today’s environment of global competition, in which, corporate strategies must transcend the borders of nations and markets. prerequisite strategic thinking. Strategic thinking is the ability to think on a temporal plane; whereas system thinking is the ability to perceive things from different dimensions. Demonstrating strategic thinking, on the other hand, requires that you are simultaneously a marketer, a salesperson, and a change agent. In the view of F. Graetz, strategic thinking and planning are “distinct, but interrelated and complementary thought processes” that must sustain and support one another for effective strategic management. The strategic planning is an analytical activity because it is related to the thinking. While strategic planning is upward focused, looking at ensuring how tactics link up to corporate goals and strategies, strategic thinking is downward focused, looking to ensure that meaning and purpose are diffused throughout the A methodology to enable exploratory thinking in strategic planning Technological Forecasting and Social Change, Volume 105, 2016, pp. Strategy Vs. Strategic Planning ... #2 STRATEGIC THINKING Strategic Th inking is the framework for beginning Strategic Planning. Strategic Thinking And Innovation The Defining Aspect Of Competition. page 1. Strategic planning/management gives voice, action and structure to strategic thinking. Strategic Thinking vs. Strategic Planning? Clarity Strategic Planning Isn’t Planning For Contingencies. Planning: A Tool for Strategic Thinking Among the many tools a manager can use for strategic planning, scenario planning stands out for its ability to capture a whole range of possibilities in rich detail. By identifying basic trends and uncertainties, a manager can construct a series of scenarios that will help to compensate for Introduction. It is typically conducted every 3-5 years to help groups grow and continually evolve to address changing needs. Strategic planning is a process (see above, RE: report that sits on a shelf), while strategic thinking is about vision, intuition, and creativity. Strategic thinking informs strategic planning/management. In other words, about where you would like to be as an organization and how you get there, Dissecting strategic thinking versus strategic planning: Dynamic rather than static; Flexible rather than rigid In explaining the difference between strategic planning and strategic thinking, Mintzberg argues that strategic planning is the systematic programming of pre-identified strategies from which an action plan is developed. Defining Strategic Planning and Thinking in both formal and informal ways; Gaining insights into why Strategic Planning and Thinking are important according to A Guide to the Project Management Body of Knowledge (PMBOK ® Guide) Understanding the six steps of the Strategic Thinking process; Learning a nine-step process for Strategic Planning 10 12. Strategic thinking is an essential skill to both short and long-term planning. What is Strategic Thinking 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. This is one of the reasons that traditional strategic planning has been panned by practitioners and academics (Professor Henry Mintzberg, The Rise and Fall of Strategic Planning) alike, who argue that strategic planning only serves to take the established and make it marginally better. The Takeaway: Use Strategic Thinking when planning and making decisions about things that potentially have long lasting and significant consequences. To be able to do, one must have a sound knowledge of the baseline and foresight to imagine the future state. Recommended Articles. A court’s bench, What is Strategic Thinking in Business? Strategic planning and strategic management are both important for the organization as they help in formulating the goals to be achieved and help in a more concentrated approach towards the fulfillment of that goal. But again there are different nu-ances. Conclusion. In many respects, it is even more important than strategic planning. Strategic planning involves the identification of actions to be taken. There are substantive differences between strategic planning conducted by private business and planning conducted by courts. For over 20 years, Harvard ManageMentor® has set the standard for on-demand leadership development. To think strategically means to see and understand the bigger picture of what the organization is, where it needs to go, and how it will get there. www.ceoonline.com. Strategic thinking is different from strategic planning. Let’s tackle “strategic” first. Strategic thinking informs strategic planning/management. 5 7. As a cognitive activity, it produces thought. On the contrary, strategic management is an action-oriented activity. Strategic and tactical thinking should go hand-in-hand. Usually, this is undertaken by management. A company often goes through a strategic planning process once a year, creating a document that is, in essence, a guidebook for the … In his book Fifteen Things Common to Great Achievers, author Israelmore Ayivor shared, “A dream is the frame or portrait or a construction or focus of one’s vision by means of perception, based on what he or she knows and settles within via strategic thinking.” In working with our clients, we find that most have a relatively strong understanding and appreciation for the value of strategic planning/management. This document will guide the company into the future for a defined period of time. - Strategic thinking is a valuable skill for everyone in an organization, but it becomes increasingly essential, as you ascend the ladder. While it is great to be able to create goals and objectives to take the business to the next level, there also needs to be a plan in place to get there. Following Related Topics: ... renowned management experts Gary Hamel and C. K. Prahalad introduce their approach to strategic planning … Strategic Thinking vs. During an organization’s annual strategic planning process, leaders often compile, analyze, and synthesize external and internal data and ideas to develop its strategic intent and build a strategic narrative. Always use Critical Thinking … Strategic Planning Versus Strategic Thinking Strategic planning is about a linear process and set of steps where there is a defined start and end and multiple short term goals. Strategic planning/management gives voice, action and structure to strategic thinking. It also encompasses both traditional and logical ways of thinking and typically involves analyzing data and defining a goal. The goal of strategic thinking is much the same goal of organizational leadership. Strategic thinking versus strategic planning: Towards understanding the 19 21 Strategic thinking vs. strategic planning. Having one without the other can be a recipe for disaster. Strategic Thinking and Strategic Planning: Two Pieces of the Same Puzzle 2 3. Operational Thinking (Strategic Planning) DESIGN FIRM LEADERSHIP SERIES by Philip A. LaRiviere PACES, LLC I was recently asked to develop a program on Strategic Thinking for presentation to a large group of senior global marketing professionals operating in the United States, Europe, the Middle East and Asia. Strategic Thinking. Strategic Thinking. In working with our clients, we find that most have a relatively strong understanding and appreciation for the value of strategic planning/management.