Strategic Thinking and Results Focus Flashcards
Organizational management is the process of
organizing, planning, leading, and controlling resources within an entity with the overall aim of achieving established goals.
At what level can strategic thinking be applied?
At any level
On what scale and term is strategic thinking applied?
both a large and small scale as well as a long and short term in order to identify and achieve desired goals.
The three fundamental components of a strategic thinking mindset are
Intellectual Flexibility, Intellectual Inclusiveness, and Intellectual Humility.
Intellectual Humility
Comfort level with being wrong or having an incomplete understanding, accompanied by the tendency to check oneself, examining issues as if one’s understanding is wrong in some way.
Intellectual Inclusiveness
Welcoming of information and opinion from a broad range of sources (individuals, groups, disciplines of study, etc.).
Intellectual Flexibility
A willingness and proclivity to adjust one’s understanding, opinions, or approach when conditions change or new information is presented.
Strategic thinking consists of four main activities:
Scanning, questioning, conceptualizing, and testing:
Scanning
Scanning is the identification of emerging patterns in the environment. This
Questioning
Questioning (asking questions of others and oneself) is needed to more fully understand an issue from different perspectives.
Conceptualizing
Conceptualizing potential options is needed to identify possibilities for future direction.
Testing
Testing allows for informed speculation to anticipate the impact of a proposed action on organizational performance.
Goal setting is most likely to improve performance when goals are
Specific, Measurable, Attainable, Relevant, and Time-bound (SMART).