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