Chapter 5

Meaning of Strategy..

• General plan to achieve one or more short-term

• General plan to achieve one or more specific goals

• General plan to achieve one or more long-term

Strategic Planning is....

• To see and understand the bigger picture of what the organization is, where it needs to go, and how it will get there

• A process that involves defining an organization’s long-term objectives to achieve those objectives, and developing a plan of action to use those resources effectively.

• Is focused on continuous improvement and what we can do better It serves to actuate the vision of where we need to be in the future.

To Set a vision of what you want is elements of ...

• Strategy

• Strategic Planning

• Strategic Thinking

Strategic planning is not the same as strategic thinking. Strategic planning is analysis, while strategic thinking is synthesis

• Bob Garratt

• Henry Mintzberg

• Gary Hamel

• Michael Porter

Which one is not from the New approaches to promoting the strategic thinking...

• Scenario Planning

• Blue Ocean Strategy

• FOCUS-PDCA

• Decision Analysis and Game Theory

To Think differently ...

• Involve new voices in the conversation about strategy.

• Simulation to analyze the effects of simultaneous change in

  multiple variables

• To think beyond what is the present and how we are doing things now It does not dismiss what we do well It is focused on continuous improvement and what we can do better