Strategic thinking

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Strategic thinking

  1. 1. STRATEGIC THINKING
  2. 2. INRODUCTION • A strategy is a declaration of intent , defining where you want to be in the long-term . Understand the processes involved and how to avoid potential pitfalls to help you plan successful strategies.
  3. 3. FOLLOWING THE STRATEGIC FRAMWORK ANALYZE INFORMATION TO UNDERSTAND YOUR POSITION PINPOINT YOUR COMPETITIVE ADVANTAGE DEFINE THE SCOPE OF YOUR PRODUCT AND MARKETS DECIDE WHERE YOU WANT TO FOCUS YOUR RESOURCES IDENTIFY,PRIORITIZE AND IMPLEMENT CHANGE CONTINUOUSLY MONITOR PERFOMANCE AND REVIEW STRATEGY
  4. 4. UNDERSTANDING THE STRATEGY • Involve everyone on the team in gathering information • Be prepared to listen to your team – every step of the way. • There are three distinct phases to developing a new strategy: Analyze Plan Implement
  5. 5. Thinking short and long term • Be confident about the future but realistic about what you can achieve. • Work hard for long-term goals while striving for immediate result. • When making day-day decisions consider the long-term implications before committing to action. • An effective strategic plan has accurate information ,strong ideas and committed people at its core.
  6. 6. Analyze your position • Understand your customer: 1- make sure that your customer real requirement drive the plan 2- look at the service you provide from your customers point of view. •analyzing competitors: 1- learn from your competitors failure as well as their successes 2-never ignore a threat but build a way of dealing with it into the plan.
  7. 7. Assessing your skills and capabilities • Examining the internal capabilities •summarizing the analysis: Review internal Business processes Examine information systems Evaluate facilities And equipment Assess the skills and Experience of the team Agree internal capabilities Note areas for Improvement Use the SWOT Summary as basis For strategy Review every Three months Amend SWOT To reflect the Current situation
  8. 8. Planning and implementation • For planning : An effective strategic plan is developed methodically, drawing on the depth analysis that has been carried out • Never assume you have everything right. Review and update your decisions regularly. • For implementation: • Involves setting change projects in motion that will achieve strategic aims. learn how to change for the future while maximizing performance today • Look for big improvements from change project • Make sure the teams priorities are the same as yours • Remember that the action plan is not complete until it is written • Always rehearse a contingency plan to make it more useful

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