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while relies on one's hunch or gut feeling. CHECK THE CHARACTERISTICS WHICH APPLY TO INTUITIVE THINKING understood without proof or evidence, heart-based doesn't use rational processes, non-linear the slow process of examination using rationality doesn't use hunches and feelings making choices without knowing the reasonswhy involves rational processes Good intuition results from long years of knowledge and experience which enable you to comprehend how people think, act and react, perceive and interpret and interact with one another. is new or a novice expert have years of actual experience uses gut feeling trained from years of experience You need to be an: INTERNAL ENVIRONMENT ? these are factors in the environment that could be controlled by/ are within the organization. Analytical thinking/strategic thinking involves evaluating the necessary data for formulating strategies, description of the organization's internal and external environment and identification of analytical tools. It involves identifying strength,s weaknesses, opportunities & threats found in internal and external environments. asks, "Will this make sense? Why/why not?" EXTERNAL ENVIRONMENT ? these are factors in the environment that affect the organization which they cannot control, and are outside of the organization. INTERNAL ENVIRONMENT mission statement ? vision statement ? leadership styles ? kinds of employees ? organization culture ? EXTERNAL ENVIRONMENT consumers ? the competition you have ? government ? war and conflict ? public opinion ? can disregard new data for interpretation ? bad when the tasks are complex ? bad when the person has inadequate experience ? can cater to fixed biases and ideas ? WEAKNESSES OF INTUITIVE THINKING The ability to instead of merely accepting information as it comes, to trace the roots of problems, challenge existing beliefs and free oneself from bias. The ability to enables the executive to have different viewpoints, opinions and agenda to attain common goals and pursue mutual interest. The ability to is demonstrated by an executive who accepts feedback, he shows willingness to immediately return to the right course when off track. 6 KEY ELEMENTS OF STRATEGIC THINKING involves raising questions 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 while relies on one's hunch or gut feeling. CHECK THE CHARACTERISTICS WHICH APPLY TO INTUITIVE THINKING understood without proof or evidence doesn't use rational processes the slow process of examination using rationality involves rational processes making choices without knowing the reasonswhy involves rational processes Analytical thinking as applied in strategic analysis is: slow brain-centered and focused uses the abstract takes a lot of time takes a short time involves using accepted criteria involves using subjective opinions nonlinear can disregard new data for interpretation ? bad when the tasks are complex ? bad when the person has inadequate experience ? can cater to fixed biases and ideas ? WEAKNESSES OF INTUITIVE THINKING abilities to be able to make the possible decisions for ourselves, our businesses and families. is the combination of analytical and intuitive according to Charles Parselle Good intuition results from long years of knowledge and experience which enable you to comprehend how people think, act and react, perceive and interpret and interact with one another. is new or a novice expert have years of actual experience uses gut feeling trained from years of experience You need to be an: INTERNAL ENVIRONMENT ? these are factors in the environment that could be controlled by/ are within the organization. Analytical thinking/strategic thinking involves evaluating the necessary data for formulating strategies, description of the organization's internal and external environment and identification of analytical tools. It involves identifying strength,s weaknesses, opportunities & threats found in internal and external environments. asks, "Will this make sense? Why/why not?" EXTERNAL ENVIRONMENT ? these are factors in the environment that affect the organization which they cannot control, and are outside of the organization. INTERNAL ENVIRONMENT mission statement ? vision statement ? leadership styles ? kinds of employees ? organization culture ? EXTERNAL ENVIRONMENT consumers ? the competition you have ? government ? war and conflict ? public opinion ? The ability to instead of merely accepting information as it comes, to trace the roots of problems, challenge existing beliefs and free oneself from bias. The ability to enables the executive to have different viewpoints, opinions and agenda to attain common goals and pursue mutual interest. The ability to is demonstrated by an executive who accepts feedback, he shows willingness to immediately return to the right course when off track. 6 KEY ELEMENTS OF STRATEGIC THINKING involves raising questions 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 ANALYTICAL TOOLS: SWOT internal attributes of the org that can contribute to the attainment of its goals. these are external factors that can obstruct the attainment of goals and priorities. these are internal attributes of the org that can obstruct its attainment of goals. these are external factors that can contribute to the attainment of goals. 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. |