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Strategic thinking

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  • 1. Summer School of Business June 6-10, 2011 Almaty, Kazakhtstan Strategic Thinking and Decision Making Moderator: Bahattin Karademir, Ph.D.
  • 2. Why do we need to have a strategic perspective? Let’s watch a short video !
  • 3. Assumption: Focusing increase your chances for success…
  • 4. Recommendation: Focusing is good as long as it does not prevent you from seeing the whole picture. Strategic thinking requires you seeing the whole picture and synthesizing.
  • 5. WHAT IS STRATEGY?
  • 6.  
  • 7.  
  • 8. WHAT ARE THE CHALLANGES OF CREATING A STRATEGIC DESIGN?
  • 9.  
  • 10. WHAT ARE THE CHALLANGES OF STRATEGIC PLANING?
  • 11.  
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  • 14. Assumption: Strategy means planning…
  • 15.
    • Recommendation:
    • It is not easy to make plans in chaotic
    • systems…
    • Focus on your core competencies.
    • How can you improve them?
  • 16. WHAT ARE THE CORE CHALLANGES OF STRATEGIC MANAGEMENT PROCESS?
  • 17. Richard Rummelt
  • 18.  
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  • 20. Assumption: Decision alternatives should be compared according to their pros and cons, and most advantegous one should be selected…
  • 21. Recommendation: In real life its your responsibility to identify the decision alternatives…. a) Increase your sources of information b) Formulate more and creative decision alternatives
  • 22.  
  • 23. Assumption: A good strategy is the one that focus multiple resources on single objective…
  • 24. Recommendation: In real life it is not easy to manage the conflicting objectives of organizational members…. a) Create consensus b) But do not kill creativity
  • 25.  
  • 26. Assumption: Companies need to have some organizational resources for effective strategy implementation…
  • 27. Recommendation: Companies do not necassarily need to posses all the resources related to their strategies… a) Linkage b) Learn c) Leverage
  • 28.  
  • 29. Assumption: Companies should learn from other organizations and adopting the best practices….
  • 30. Recommendation: Companies should consider organizational differences… a) Startegy b) Structure c) Skills
  • 31. WHAT ARE THE CHALLANGES OF STRATEGIC DECISION MAKING?
  • 32.  
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  • 42.  
  • 43. Question: Who will you choose as a friend if you want to go a bar for meeting someone?
  • 44. Assumption: People are rational who has significant goals…
  • 45.  
  • 46.
    • Assumption:
    • For better choices and/or decisions
    • Be aware of your limitations
    • Develop your personal and
    • organizational skills