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Strategic Thinking and Planning a Guideline for New Executives - Admission/Application Essay Example

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Strategic Thinking and Planning a Guideline for New Executives

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 ...Show more

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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)…
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Strategic Thinking and Planning a Guideline for New Executives essay example
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