This article discusses the definition, significance, and utilization of strategic thinking in various areas like business, education, health, and economy. It also explains the key ideas of strategic thinking and how to develop a strategy for action based on ideas.
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Running Head: PROBLEM SOLVING0 Critical Thinking Critical thinking and Problem solving (Student Details:) 12/4/2018
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Problem Solving1 Critical thinking and Problem solving Introduction Strategic thinking is the process of generation as well as application of business visions on a recurrent basis for achieving competitive advantage over others. Strategic thinking is the key to many problems of many areas like business, education, health and economy(University of Florida training and organization, 2018). This discussion is focusing on understanding the definition of strategic thinking, its significance and its utilization as well. Strategic thinking is important for gettingpurpose clarity, inclusive direction and potential goals or objectives in an effective team or organization. It provides the capability to see as well as articulate the clearer picture of us, and where are we heading. Besides, strategic thinking is a basic hope of leadership and experts insist that utilising this skill always provide effective leadership(Book Boon, 2010). Understanding and using strategic thinking Strategic thinking is applicable to business insights for creating an action plan for achieving set objectives and goals. We can say in other words that strategic thinking is a new lens to vision the business. Application of strategic thinking does not add more work but it enhances the vision of the work as well as improves an individual’s capability of performing (Goldman, 2012). In order to understand strategic thinking the three functions of mind are used, those are feeling, thinking and wanting. The above mentioned functions are interdependent, which means that change in any one of them will produce a parallel shifting in the rest two. For an example, if I am thinking that someone is insulting on me, then I will definitely feel some resentment with the desire of responding to that insult. Strategic thinking is the way to identify an irrational thinking so that it can be modified into a rational as well as reasonable thinking. In this way, discovering irrational thinking and then modifying that with more reasonablethinkingby usingmore reasonablesubstitutesfor theirrationaldesiresor emotions, is a kind of using strategic thinking. Hence, after replacing irrational by rational thinking one will experience shifts in their emotions or desires. Additionally, more reasonable
Problem Solving2 desires and emotions will cause more reasonable thinking which can be applied to any area of life for getting solutions to various problems(Howland, 2013). Understanding “key ideas” in strategic thinking There are some key ideas of thinking strategically known as six P’s of strategic thinking. The six P’s are as follows: First is Plan- an action which has intended consciously Second is Ploy- whatever efforts will be applied for conquering the competition Third is Pattern- success establishment as a consistent event Fourth is Purpose- direction for the organization Fifth is Position- creating as well as holding a market presence Last is Push- goals those grow the organization Moreover, key ideas of strategic thinking also contain anticipation, addressing challenges, interpretation, decision-making, aligning as well as life-long learning(Kapferer, 2012). In this way, when the above six P’s mastered and applied together then leaders are capable to act as well as think strategically in following ways: Strategic thinking provides the capability to anticipate in advance, which gives problems prevention rather than solving them after initiation. By using reasonable thinking one can address all challenges coming into the ways to success or daily life. In order to make sense of ambiguous, complex problems, strategic thinkers use their in-built interpretation capabilities through recognizing meaningful patterns as well as testing working hypotheses prior drawing conclusions. Strategic thinking helps in decision-making in critical situations effectively. Engaging stakeholders is necessary for understanding readiness, change and manage differences by the great strategic leaders. Learning occurs through continuously reflecting on failures as well as successes for improving performance and future decision-making. Moreover, to be strategic for long period, one should learn through interactions with numerous partners, customers and market segments so that adaptively they can face competition and change with time(Book Boon, 2010).
Problem Solving3 Developing a strategy for action based on ideas Now, to develop a strategy for action based on ideas we will take an example of competitors at workplace. For instance, one person A is a competitor of person B for a promotion, also A and B does not like each other at all. Now A has got promotion but B does not, at the same time A is now supervising B as well as criticising B’s work. Now the problem is B is facing irrational thinking problem at work which is directly affecting his or her work badly. The understanding of the problem Every human mind is having 3 interrelated basic functions such as feeling, thinking and desiring, and they all are interdependent(Book Boon, 2010). The strategy for solving the problem After finding that, one is having irrational desires or emotions, he or she must figure out the thinking which likely is producing those desires and emotions(University of Florida training and organization, 2018). Afterwards, developing rational thinking that can replace the irrational thinking which is causing issue in that particular situation is suggested. Therefore, person B is feeling irrational negative emotions at workplace, which can be replaced by rehearsing the reasonable thinking, utilising following format: Clearly state the desires and feelings which are generating due to irrational thinking Figure out the cause which is irrational thinking Identifying the way by which irrational thinking can be transformed into rational thinking Finally, whenever feelings of negative emotions occur, repetition of rational thoughts which were decided to replace irrational thoughts must be done. Until B feel the rational emotions which can give generate reasonable thinking, he or she must continue the process(Zahra & Nambisan, 2012). Conclusion In conclusion, a good strategy alone will not ensure success, but its effective application can give surprising results. Strategic thinking is used to plan business processes strategically by the leaders as well as others. Additionally, strategic thinking is a major skill for the leaders in all areas. By understanding critical issues, strategic thinking attached to
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Problem Solving4 them and strategy to resolve them one can easily utilize strategic thinking during each problem of their personal as well as professional life. Therefore, through understanding and applying strategic thinking we have developed strategy for the action plan based on ideas in a competitive workplace context. References Book Boon. (2010).Thinking Strategically. Retrieved from Book Boon: http://training.hr.ufl.edu/resources/LeadershipToolkit/job_aids/strategic_thinking.pdf Goldman, E. (2012). Leadership practices that encourage strategic thinking.Journal of Strategy and Management, 5(1), 25-40. Howland, S. (2013, 09 20).Six Key Elements of Strategic Thinking for CEOs. Retrieved from Chief Executive: https://chiefexecutive.net/six-key-elements-of-strategic-thinking-for- ceos/ Kapferer, J. (2012).The new strategic brand management: Advanced insights and strategic thinking.NJ: Kogan Page publishers. University of Florida training and organization. (2018).Strategic Thinking. Retrieved from Maximize your leadership potential: http://training.hr.ufl.edu/resources/LeadershipToolkit/job_aids/strategic_thinking.pdf Zahra, S., & Nambisan, S. (2012). Entrepreneurship and strategic thinking in business ecosystems.Business horizons, 55(3), 219-229.