strategic thinking vs strategic planning
The distinction of ‘strategic planning and strategic thinking therefore leaves many confused on which one to prioritize on. Strategic thinking without strategic planning or management will cannibalise itself in a quest for structure and process. Strategic thinking, which is often intertwined with strategic management and strategic planning in the literature, has been offered as the new planning organizer for dynamic organizations including universities. Though both strategic thinking and execution planning share some overlap in team members, the number of people and skill levels are radically different. Strategic planning vs. strategic thinking in an organization. It decides beforehand, what, when, how the task is to be accomplished. Strategic planning vs. strategic thinking. Ahead of the Curve: A Guide to Applied Strategic Thinking was our first book on strategy. Strategic thinking informs strategic planning or management. Strategic thinking informs strategic planning/management. In reality, though, they are more like two sides of the same coin. The Takeaway: Use Strategic Thinking when planning and making decisions about things that potentially have long lasting and significant consequences. At Strathmore … Introduction Strategy has never been more challenging, or more important, than in today’s environment of global competition, in which, corporate strategies must transcend the borders of nations and markets. Strategic Planning Process – Creating a Workshop to Develop Strategy BrainZooming. Strategic Planning. Brainzooming - All Posts Collaboration Performance Strategic Planning Strategic Thinking Strategy Tools MORE. Develops effective plans that are aligned with an organization’s mission. Purpose . The strategic planning is an analytical activity because it is related to the thinking. Some people think this means you have to treat your business like a computer program, but really it’s simply a way to think through all of the connections that affect your business and how it both operates and competes in the marketplace. Strategic Thinking is more of a way of life for a business while Strategic Planning is often treated as an event. Planning is “Thinking before the action takes place ”. If strategic thinking respects operational planning, it is the case that strategic planning has a tendency to merge with the dictates of operational necessity. Angela Merkel. Systems Thinking in Strategic Planning. Strategic planning requires an effective strategy that sows the seed for an efficient execution plan. It is a process that applies vision development, strategic planning and operational planning to develop business strategies that have a greater chance for success. Strategic planning has been criticized for attempting to systematize strategic thinking and strategy formation, which Henry Mintzberg argues are inherently creative activities involving synthesis or "connecting the dots" which cannot be systematized. Matter is based on an ontology of over 30 recommended skills. Strategic planning exercises need to foster a mindset of critical or strategic thinking. Strategic planning answers where you are now, where you’re going, and how you’re getting there. An effective planning process requires really good strategic thinking abilities and qualities. Strategic planning vs. strategic thinking. Strategic Thinking is a more comprehensive planning model that covers innovation, strategic planning and operational planning. Simply stated, strategic planning is the process of looking at the important issues within the association with current insight and innovation. With strategic thinking, employees at all levels and in all functions continually scan for new ways to contribute to the organization’s success. Strategic thinking is an extremely effective and valuable tool. A company often goes through a strategic planning process once a year, creating a document that is, in essence, a guidebook for the management team to use in the upcoming year. The ongoing nature of strategic thinking and the impact it has on the planning process. Maybe you have done something similar before, or maybe you have never led a strategic planning process. What is “Strategy”. Presented by Dr Terrie Temkin from CoreStrategies4Nonprofits. Strategic planning or management gives voice, action and structure to strategic thinking. Having one without the other can be a recipe for disaster. Hopefully, no company makes major decisions based on hunches or gut feelings. And the second role is to keep checking if the goals and objectives of the organization are properly followed and fulfilled. Strategic thinking involves making a series of decisions about what actions the company intends to take to become more successful. A strategic plan usually consists of a vision and a mission statement, a financial or operational objective, an estimate of the resources required, and a summary of how the initiative fits in with the company’s overall mission. Always use Critical Thinking as a … Strategic planning, on the other hand, is a continual planning process that relies on strong strategic thinking. Latest. I will at this point look at some basic differences between the two. Without it, plans will recreate the status quo and fail to enliven the organization. JANUARY 31, 2017. Matter’s Definition of Strategic Thinking. In strategic planning, leaders gather data and decide on the path the organization will take to achieve its goals. Strategic and tactical thinking should go hand-in-hand. On the contrary, strategic management is an action-oriented activity. In this book we set out to help people on the front lines of an organization learn how to think more strategically in order to become a more effective force in their work. On a management and leadership level, strategy thinking is the main part of the strategic planning process which involves a wide range of activities such as goals settings, task delegation, developing plans, decision making, analyzing environment, and much more. Your organization is using strategic thinking if it can look at the past and present, take the best from both, and decide what course to take for the future (3). Strategic thinking vs. strategic planning. Visualize a famous bridge, such as the Golden Gate Bridge, Brooklyn Bridge, or Tower Bridge. Still for some, strategic planning remains an analytical activity, but the organizational practices surrounding it have been transformed, whereas others believe the real purpose of the analytical tools of strategic planning is to facilitate creativity, which is a part of strategic thinking. Great Strategic Thinkers You May Know. While it is great to be able to create goals and objectives to take the business to the next level, there also needs to be a plan in place to get there. Hence the strategic management has to play a dual role in strategic planning vs strategic management, one is to incorporate all the functional areas of the organization into one thing and to make sure that functional area so incorporated work well with each other. Strategic thinking and operational thinking may seem like two separate planes of existence. My topic of reflection this week is based on the strategic planning and strategic thinking in an organization. When done correctly, strategic planning is not a one-time or annual event. It is not exactly same as strategy, which is nothing but “a comprehensive plan.” The strategy is all about using a trick to gain success in a particular purpose. All bridges have two primary support pillars and a span between the two, allowing one part of land to be connected with another. Strategic planning/management gives voice, action and structure to strategic thinking. Second, the strategy piece of strategic planning is a more intuitive and messy process than execution planning. Strategic Thinking: 11 Critical Skills Needed. Strategic thinking is a process that defines the manner in which people think about, assess, view, and create the future for themselves and others. Strategic planning is an application of strategic thinking that involves teams, organizations or communities. Strategic Thinking and Planning. 3 step process to shift gears from tactical planning to strategic thinking Also to see the amazing change in your brand visibility and revenue and organizational climate as a whole. June 2009; SSRN Electronic Journal; DOI: 10.2139/ssrn.1418793. Thinking outside the lines: linear strategic planning versus adaptive strategic thinking ... Over the last hundred years, the conceptual basis of strategy as an adaptive thinking was undermined by The rise of linear thinking* as a way of seeing the world was based upon the deterministic physics of Newton. Strategic Thinking and Strategic Planning: Two Pieces of the Same Puzzle. It is typically conducted every 3-5 years to help groups grow and continually evolve to address changing needs. Collaboration Meeting eBook Groups 56 . In the view of F. Graetz, strategic thinking and planning are “distinct, but interrelated and complementary thought processes” that must sustain and support one another for effective strategic management. The prime objective here is to ensure that the company follows the strategic thinker’s guidelines. Since this was a recent … Strategic plans are what inform action. Strategic Thinking is a comprehensive planning model that covers innovation, strategic planning and operational planning. Following Related Topics: Managing yourself; Career planning; Communication; Creativity; Decision making; See All Topics . One can apply strategic thinking to arrive at decisions that can be related to your work or personal life. For over 20 years, Harvard ManageMentor® has set the standard for on-demand leadership development. It is a reality in business today that strategic thinking and execution of strategic planning is proving to be a challenge among many leaders. By knitting strategy and tactics together, you can achieve the right balance of effectiveness and efficiency which is crucial to the success of an organisation. One of the most useful tools for good strategy analysis is systems thinking. Strategic thinking without strategic planning/management will cannibalize itself in a quest for structure and process. Strategic thinking basically means an organization is thinking how to better position itself among its competition for future success (2). Strategic planning activity uses management by plans, whereas strategic management process uses management by results. Therefore a clear understanding of the value and the benefits of strategic thinking are indispensable. Strategic thinking. It is the skill of managing affairs of the enterprise. It's an on-going process, reviewed quarterly, that affects the organization's initiatives, plans, and activities. Applied Strategic Thinking is the ability to anticipate and begin exploiting tomorrow’s opportunities today. Strategic thinking at work involves a strategic plan, mostly annually. Effective strategic thinking enables leaders to plan for the future, create steps to achieve that plan, and evaluate and iterate on the results. Follow this topic.
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