Workshop Overview Agenda: Day 1: Strategic Thinking Day 2: Strategic Planning Objectives: - Understand strategic thinking and its impact on decision-making - Develop strategic planning skills for execution - Learn frameworks for strategy formulation and implementation
What is Strategic Thinking? Definition: Strategic thinking involves anticipating, challenging assumptions, and creating a long-term vision. Key Components: - Critical Thinking - Visionary Leadership - Systems Thinking Example: Amazon’s strategic thinking revolutionized e-commerce.
Strategic Thinking vs. Strategic Planning Strategic Thinking: Big-picture, conceptual, and forward-looking. Strategic Planning: Structured, methodical, and goal-oriented. Example: Google’s strategic thinking allowed them to build a full-service ecosystem over time.
Why Strategic Thinking is Important Adapting to change, creating competitive advantage, and enhancing decision-making. Example: Netflix pivoted from DVDs to streaming by predicting market shifts.
Environmental Scanning (PESTLE & SWOT) PESTLE: Political, Economic, Social, Technological, Legal, Environmental. SWOT: Strengths, Weaknesses, Opportunities, Threats. Example: Auto industry’s shift to electric vehicles.
Group Activity: PESTLE Analysis Task: Conduct a PESTLE analysis on a chosen industry. Objectives: Identify key external factors and their impact on the business strategy.
Visionary Thinking & Innovation Visionary leadership and innovation drive long-term success. Example: Elon Musk’s vision for SpaceX inspires teams to pursue seemingly impossible goals.
Case Study: Innovation in Strategic Thinking Example: Apple’s strategic thinking moved them from a computer company to an innovation powerhouse. Key Takeaway: Innovation creates competitive advantage.
Critical Thinking for Strategy Tools like '5 Whys' help identify root causes of issues. Scenario planning prepares for decision-making in uncertain environments.
Group Activity: Scenario Planning Task: Create different future scenarios for an industry and adjust strategic plans accordingly.