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Strategic thinking is a mental or thinking process applied by individuals and within organizations in the context of achieving a goal or set of goals.. When applied in an organizational strategic management process, strategic thinking involves the generation and application of unique business insights and opportunities intended to create competitive advantage for a firm or organization.
Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life is a non-fiction book by Indian-American economist Avinash Dixit and Barry Nalebuff, a professor of economics and management at Yale School of Management. The text was initially published by W. W. Norton & Company on February 1, 1991. [1]
The Book of Stratagems by Harro von Senger. ISBN 0140169547; The 36 Stratagems for Business: Achieve Your Objectives Through Hidden and Unconventional Strategies and Tactics by Harro von Senger. ISBN 9781904879466; Greatness in Simplicity: The 36 Stratagems and Chinese Enterprises, Strategic Thinking by Cungen GE. ISBN 7802076420
Mintzberg argued that strategic thinking is the critical part of formulating strategy, more so than strategic planning exercises. [28] General Andre Beaufre wrote in 1963 that strategic thinking "is a mental process, at once abstract and rational, which must be capable of synthesizing both psychological and material data. The strategist must ...
Concept-driven strategy is the name given to a number of similar strategic thinking approaches. Generally, the term 'concept-driven' is used to encourage a focus on the 'concepts' being used. [20] [21] See Concept learning or Management Concepts. [22] Some organizations produce a 'statement of intent' with little thought as to the concepts it ...
Strategic planning has been criticized for attempting to systematize strategic thinking and strategy formation, which Henry Mintzberg argues are inherently creative activities involving synthesis or "connecting the dots" which cannot be systematized. Mintzberg argues that strategic planning can help coordinate planning efforts and measure ...
United Parcel Service (NYSE: UPS) stock fell 14.1% on Jan. 30 after the company reported disappointing fourth-quarter and full-year 2024 results. The stock is now at its lowest level since July ...
Blue Ocean Strategy is a book published in 2005 written by W. Chan Kim and Renée Mauborgne, professors at INSEAD, [1] and the name of the marketing theory detailed on the book. They assert that the strategic moves outlined in the book create a leap in value for the company, its buyers, and its employees while unlocking new demand and making ...