BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
is the cognitive process of competently and analytically weighing factors and arriving at critical decisions
|
|
|
consist of a systematic evaluation
|
|
|
is efficiently employed
|
|
|
is the capability of an organization to possess relevant and related knowledge, abilities and foresight
|
Detailed explanation-1: -Strategic thinking is the cognitive process of competently and analytically weighing factors and arriving at critical decisions in the context of the current milieu of which an organization is part.
Detailed explanation-2: -Six common components include: 1) tools for analysis; 2) strategic purpose; 3) values; 4) vision; 5) key goals; and 6) action planning.
Detailed explanation-3: -Strategic analysis is used to identify the complexity of a problem. It provides a whole-picture view into a web of what may otherwise appear as isolated issues. To make strategic analysis a natural and ongoing state for your company, you’ll need to foster analytical thinking into your workplace culture.
Detailed explanation-4: -Strategic mindset competency is the ability to anticipate and prepare for various outcomes that may or may not occur and eventualities that might unfold as you execute a strategic initiative.