Explanation of these factors is found below. It is context-rich in the sense that it is anchored in both internal and external analysis. Hence, MOST analysis is a clear way to understand an organization on its ability and purpose. Critical Thinking skills. Strategic Analysis is a core step in the Strategic Learning Cycle. H�\�ݪ�0����D�ւ��8� ��Na����~j>9SPX�g�ovZ��}�M*�>^�C�ԩ��1ܮ�� ��]��Z�]3�T�o.�������6�˾? For example, the organisation's premises can be pleasant and uplifting, or demure and depressing. S-Strategy; T-Tactics; MOST analysis is a powerful business analysis framework and among the best business analysis techniques using which the business analysts analyze what an organization does and plans to achieve the goal and what it should do to maintain strategic alignment. 0000009782 00000 n OBJECTIVES A. It means anticipating opportunities and challenges and utilizing that knowledge to guide the organization. As a cognitive activity, it produces thought.. An effective planning process requires really good strategic thinking abilities and qualities. If you google around the web, you will find a long list of options available. In addition, the tools are commonly used in many organisations for strategic … For this reason, organisations pay particular attention to the, The culture within the organisation is a very important factor in business success. There Apparently, strategic thinking is a unified perception revealing a unique and consistent set of activities propelling the company into what it is to be. Components of strategic thought and action In simple terms, strategic thinking and/or planning consists of three phases that agriculture, field sports will be adversely effected if climate change results in reduced rainfall. 0000007397 00000 n Analysis revealed that the #1 cause of bankruptcy in nearly 50% of the cases was bad strategy. Most of the time, it goes against whatever we might think of as “rational”. Strategic analysis is a process that involves researching an organization’s business environment within which it operates. Learn through repetition in different environments - Repetition in different emotional environments will help improve the consistency of intuitive decision making. Previous studies mentioned that strategic thinking as the kind of thinking process that shapes and clarifies the present and future strategic outline of an organization such as its present position, values, strategy, mission, as well as vision. Despite however good other internal Learn about SWOT Analysis and its role in internal strategic analysis and PESTLE Analysis and its role in external strategic analysis. Together, heuristics and factors influencing decision making are a significant aspect of critical thinking (West, Toplak, & Stanovich, 2008). Patterns develop from experiences. Differentiate key components in strategic analysis and intuitive thinking HUMSS_MCT12- Ic-e-5 6. Strategic thinkers translate a company’s vision into doable actions. Yet strategic management is not a pure science that lends itself to a nice, neat, one-two-three approach. of cash to implement strategies within the strategic plan. If the leaders at the various levels of your organization can’t think strategically today, you may not have a business tomorrow. 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. 959����BNMN!�&��S�Sȩ�)���rjr The internal environment of the organisation can be made richer or poorer by its assets. Based on past experiences, judgment, and feelings, most people recognize that intuition is essential to making good strategic decisions. ]��J�?���4>�ۦ��{�~�0v�Y��*�*=܇�O��~R�Z�UN�E_��k} *��>����M���̿?CP:�0͵ ��n�X�琬��[�U5�$���DZ��]�q{>o�2���Z�� j�*Q�B���3T��NÝ�F�(��(A�E ʡ,ʣj��(RR�6�η� �@m�Ҥ6���rjr The internal environment is very much associated with the human resource of the business or organisation, and the manner in which people undertake work in accordance with the mission of the organisation. Content Standards The learner understands strategic analysis and intuitive thinking. The term “blink” comes from the book by the same name by Malcolm Gladwell that essentially lays out the subconscious process of intuitive decision-making. Internal and External Environment . For example, a sport club which once prospered can begin to decline as the local area has less and less children. 0000028389 00000 n The main driver of this change is technology and the rise of the internet. 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