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Summer School of Business  June 6-10, 2011 Almaty, Kazakhtstan  Strategic Thinking and Decision Making  Moderator: Bahattin Karademir, Ph.D.
Why do we need to have a strategic perspective? Let’s watch a short video !
Assumption: Focusing increase your chances for success…
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.
WHAT IS STRATEGY?
 
 
WHAT ARE THE CHALLANGES OF CREATING A STRATEGIC DESIGN?
 
WHAT ARE THE CHALLANGES OF STRATEGIC PLANING?
 
 
 
Assumption: Strategy means planning…
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WHAT ARE THE CORE CHALLANGES OF STRATEGIC MANAGEMENT PROCESS?
Richard Rummelt
 
 
Assumption: Decision alternatives should be compared according to their pros and cons, and most advantegous one should be selected…
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
 
Assumption: A good strategy is the one that focus multiple resources on single objective…
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
 
Assumption: Companies need to have some organizational resources for effective strategy implementation…
Recommendation:   Companies do not necassarily  need to posses all the resources related to their strategies… a) Linkage  b) Learn c) Leverage
 
Assumption: Companies should learn from other organizations and adopting the best practices….
Recommendation:   Companies should consider organizational differences… a) Startegy  b) Structure  c) Skills
WHAT ARE THE CHALLANGES OF STRATEGIC DECISION MAKING?
 
 
 
 
 
 
 
 
 
 
 
Question: Who will you choose as a friend if you want to go a bar for meeting someone?
Assumption: People are rational who has significant goals…
 
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Strategic thinking