a. Executive Summary 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. II. Strategic Thinking 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). a. Vision The vision for strategic thinking stipulates that the new executives can only be able to predict the shape of the future (Venturist Publishing, 2008). b. Goal 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). c. Strategy 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 along with change as being closely linked (Adair, 2010). This should be done while they assume that the process of discovering and implementing newer strategic opportunities is quite hard. They should finally view the strategy formulation as being more vital than their evaluation (Sanders, 2010). III. Strategic Planning Strategic planning for new executives in an organization involves the processes of defining the organizations strategies, directions along with making decisions concerning the allocation of their available resources so that they may successfully achieve their set objectives (Venturist Publishing, 2008). This is done after they have comprehended the organizations financial or economic situation and the various channels they can adopt in pursuing the objectives set for them. The new executives are concerned with what to do, for whom and how they are to excel (Sanders, 2010). a. Vision The new executives should outline what their organization desires to become, how they wish their world of operation will be. They can make their visions to be emotive or sources of inspiration for their future work (Venturist Publis
Name Institution Date Strategic Thinking and Planning a Guideline for New Executives I. Introduction The process of strategic thinking has been described by various academic scholars as forming the input to the strategic planning process (Adair, 2010). A first-rate process of strategic thinking is able to identify the latent opportunities of increasing value while challenging any assumptions that may have been made concerning a company’s financial or economic position (Sanders, 2010)…
A rapid increase in the use and availability of internet, especially in developing economies, has presented new opportunities for eBay to expand operations and offer localized services. The company has also made major changes to the criteria for choosing vendors and introduced various combinaitions of customer and business-level transactions.
As of 2011, the US market constitutes over three-fifths of Wal-Mart’s revenue. Wal-Mart also derives nearly 8% of its revenue from online retail operations through the portal Wal-Mart.com. Internationally, the company operates in over 15 countries, which account for over 25% of its net sales.
One such strategy is Customer Relationship Management (CRM). There are several technological components to CRM; however, thinking about CRM in primarily technological terms is a misplaced idea. It is important to view the application of CRM as strategic process that would help to better the understanding of customers’ needs and how such needs could be met.
Spending the time and money to pursue my dream of becoming a medical doctor seemed almost like a luxury. After seriously thinking through the options, I began to realize that making the choice to go to work now would have meant giving up on my future. I had to think critically about what I would be gaining and losing under both options
An alliance describes a voluntary association which promotes the common interests of the members. Hence, strategic alliance refers to a voluntary form of grouping where firms come together for a common objective within a
Because of the records extensive size, the sections and vast maps are incorporated as independent documents to make them simpler to download and utilization. We trust you like the General Plans new look and association.
The Housing Element is a piece
In addition, during my college years, I ensured that I gain the necessary experience, an aspect that enabled me to maintain a 2.1 in the subject throughout the year.
Besides my performance in school, I have a working experience. For instance, I have been
1 pages (250 words)Admission/Application Essay
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