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Key Components of Strategic and Intuitive Thinking
Key Components of Strategic and Intuitive Thinking
The ability to
variety of hypotheses as well as contrasing data
prior to making a stand.
The ability to enables the executive to not
only focus on the current situation but also the
future to foresee significant changes in the industry.
The ability to enables the executives to make
a stand with courage and conviction despite
incomplete information at hand.
6 KEY ELEMENTS OF STRATEGIC THINKING
is shown by testing a
interpret anticipate decide
The ability to
variety of hypotheses as well as contrasing data
prior to making a stand.
The ability to enables the executive to not
only focus on the current situation but also the
future to foresee significant changes in the industry.
The ability to enables the executives to make
a stand with courage and conviction despite
incomplete information at hand.
6 KEY ELEMENTS OF STRATEGIC THINKING
is shown by testing a
interpret anticipate decide
socio-cultural
technological
political
economic
PEST ANALYSIS
factors are those that includes rules,
regulations, laws and policies imposed by
the government which affect the organization.
factors cover purchasing power, interest rates
inflation, employment-unemployment rates.
factors include those related to
technological innovation and their impacts.
factors includes people's preferences,
needs, demograpics, attitudes & cultural
backgrounds.
committed people
monitoring
of implementation
strategic
alternatives
long-term
objectives
evaluation of strategies
KEY COMPONENTS OF STRATEGIC ANALYSIS
you need to brain storm and find /exhaust
the best alternatives.
you need objectives to enhance the
organization's performance for the future.
you need a management staff, officers
and stakeholders to develop a strategy.
you need a plan for regular reporting
and other measures of implementation.
you need to formulate and evaluate
strategies for long-term improvement.
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