This process additionally helps new executives in various companies in comprehending the drivers of a certain business types while challenging their conformist methods of reasoning (Venturist Publishing, 2008).
This paper focuses on the processes of strategic thinking and strategic planning for new executives. It provides the definitions for each of the terms, their visions, goals along with the strategies they utilize. It also describes the effects of strategic thinking in businesses for executives while providing details of who it affects within and outside a company, how it effects on good and bad trends, where they mostly occur and how these effects help. It additionally describes the effects of strategic planning in businesses for executives while providing details of who it affects within and outside a company, how it effects on good and bad trends, where they mostly occur and how these effects help. The paper finally provides a conclusion on the issues by providing the findings, suggestions along with the recommendations for the new executives. The paper then terminates with a references list for the purpose of giving credit to the authors whose materials have been utilized in writing the paper.
This mental activity among new executives will involve finding and mounting distinct opportunities in creating value through the process of enabling proactive along with creative forms of dialogue (Adair, 2010). This is to be done among the participants who are capable of influencing the general direction of a company (Sanders, 2010).
The new executives within a business environment should aim at improving to the value of an element (Adair, 2010). They should be able to develop the strategies that will be utilized in achieving their set goals (Sanders, 2010).
New executives should perceive the processes of formulating and implementing their thoughts as interactive rather than view them as discrete and chronological. They should additionally perceive strategy