Unit 5 The definition of dimensions of democracy. The learner draws a color-coded map of the networks of power relations (political, economic, cultural, and kinship ties) within a particular community. Companies hire employees with a strategic mindset to help achieve long-term business goals. %PDF-1.4 %���� Unit 4 Platenary climate change, The effects of climate change and the solution. Fundamental Principle of Business Strategy 6:09. Intuition is used as a business tool in many organizations to conduct and run the business successfully. Using Teece's influential framework to organize and illustrate our arguments, we demonstrate how the fundamental capabilities of sensing, seizing, and transforming each require firms to harness the cognitive and emotional capacities of individuals and groups to blend effortful forms of analysis with the skilled utilization of less deliberative, intuitive processes. The process of identifying a trend Analysis of these factors helps the firms to take appropriate action for developing effective strategies to run the business successfully. 0000000596 00000 n H��UMo�8��W�(/ E߶�[d�t[��-���8�&v1vQ�/)z�rg��&��H$E��ȹzy��~*^4�U��Ys_h+�7S��������X�T(�/�TJ��]!� �_��������א���8s���n!�A�%��^��͛�J����`�D����e�֣�N z�~�u�T���k�;��+��t���#�-s���ʱlZM��X� �l:�)-{I}�O�ċ��+(Α�u�V�b�[� )9%�2:�_�Υ[��Bki�THu��j'#J�2h�. In addition, competitor analysis is also conducted by the firm in the micro analysis to assess the market attractiveness. Content Standards The learner understands strategic analysis and intuitive thinking. This site uses Akismet to reduce spam. You'll learn about strategic analysis and the SWOT, competitor, and environmental analysis tools. 0000001781 00000 n It’s entirely about signs and sensations. 604 15 Your email address will not be published. ... but not the data analysis. Strategic-thinking in the workplace is the ability to make business decisions by analyzing current and future scenarios. Use intuitive thinking in dealing with varied activities HUMSS_MCT12- Ic-e-4 5. 604 0 obj<> endobj 0000004981 00000 n Analytical or Intuitive – finding a sweet spot for strategic thinking Some mangers prefer an intuitive style of strategic thinking, while others favour a more analytical style. Role of Intuition and Analysis. 1. xref Ultimately strategic thinking and analysis lead to a clear set of goals, plans, and new ideas required to survive and thrive in a competitive, changing environment. Grades 1 to 12 DAILY LESSON PLAN School Grade Level 12 Teacher Learning Area Trends, Networks and Critical Thinking in the 21 st Century Culture Teaching Dates and Time Week 4 Days 1 – 4 Quarter First Day 1 Day 2 Day 3 Day 4 I. Some mangers prefer an intuitive style of strategic thinking, while others favour a more analytical style. Under the social analysis, beliefs, values and attitude of customers are analyzed with the help of environmental analysis. Third: Long-range planning - analytical by nature, this component focuses on studying the critical strategic issues of … 0000003238 00000 n —Intuition is an essentially perceptive phenomenon, whereas analytical thinking is based firmly upon the intellect —Intuition is holistic and broad ranging whereas the intellect operates one step at a time employing logical inference —Intuition, when it occurs, is sometimes termed instantaneous knowledge. It is context-rich in the sense that it is anchored in both internal and external analysis. INTUITIVE THINKING AND STRATEGIC ANALYSIS.ppt - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. 0000005807 00000 n Te ayudamos a encontrar la vivienda que siempre soñaste. Intuitions are knowledge derived from accumulated experience. Strategic thinking includes careful and deliberate anticipation of threats and vulnerabilities to guard against and opportunities to pursue. 0000005221 00000 n The CRT is of broad interest because each of its items reliably cues a highly available and superficially appropriate but incorrect response, conventionally deemed the “intuitive” response. ��$���a�SLh�j����>;ɝ��@�X��sq�kw���z���s?��X?O���ر~`7�N:ޖ Intuition and analysis is genuine management tool in the strategic decision making, as these are interrelated with the managerial skills and knowledge to solve the … Ideally, the leader will help the team to see and understand the bigger picture even as team members focus on the day-to-day work. What is “Strategy”. Apparently, strategic thinking is a unified perception revealing a unique and consistent set of activities propelling the company into what it is to be. Good thinking or gut feeling? Henry Mintzberg explains that strategic thinking calls for creativity and synthesis and this is better served by intuition than to analysis (Mintzberg – Westley, 2001). Intuition and analysis is genuine management tool in the strategic decision making, as these are interrelated with the managerial skills and knowledge to solve the high degree of organizational issues. Major Business Segments: Government communications RF communications Use intuitive thinking in dealing with varied activities HUMSS_MCT12- Ic-e-4 5. 0 The learner draw s a color -coded map of the networks of power relations (political, economic, cultural, and kinship ties) within a particular community . Analytical thinking: This is simply the act of breaking down data into useful information. STRATEGIC ANALYSIS AND INTUITIVE THINKING STRATEGIC ANALYSIS is the process of examining, using one’s rationality or reason, the organizations surroundings and resources, and how they relate with each other to formulate a strategy to meet objectives and improve performance. Define strategic analysis and intuitive HUMSS_MCT12- 2.1 Strategic analysis understands strategic of the networks of power relations thinking Ic-e-1 2.2 Intuitive thinking analysis and intuitive (political, economic, cultural, and 2. In this, rules and regulations of particular country to run the business are analyzed. Apparently, strategic thinking is a unified perception revealing a unique and consistent set of activities propelling the company into what it is to be. Typically no ‘thinking’ is actually involved. It supports to the firm to take appropriate strategic decision according to the available environment. P@�zl �|c���66De�(�3��!����a3(1���1 Analysis of environment also plays a pivotal role in strategic decision making in terms of developing strategies according to the present environmental condition. It helps the firms to take appropriate decisions according to the perception and requirements of its stakeholders, competitors and market. Regulatory body of particular country to run the business is assessed by the organizations to develop effective strategies. trailer Research on dual processes in cognition has shown that explicit, analytical thought is more powerful and less vulnerable to heuristics and biases than is implicit, intuitive thought. There’s no language involved in it, either. Strategy refers to a thinking process that focuses upon a particular course or alternative courses of action that will achieve some desired end or end results;… Similar effects of strategy were found when strategy instruction was manipulated and when participants were compared on the basis of strategy preference. The course is based on a selection of assignments that target intuition, reflection and reflexivity. With the help of strategic planning, the objective or goals that are set by the organization can be fulfilled. The learner understands strategic analysis and intuitive thinking. Andrews, 1971; Hofer & The CRT is of broad interest because each of its items reliably cues a highly available and superficially appropriate but incorrect response, conventionally deemed the “intuitive” response. Unit 1 is all about fad vs trends and their differences. Although, intuition is important part of the firm’s strategies, yet there are some barriers on this those indicate to the loophole of this concept in strategic decision making process. <]>> Immediate decision making Consideration of possible consequences Social environment affects and influences decision … In the political environment, different factors such as political parties and stability of political parties in the particular market are analyzed to take appropriate decision. Some examples of the things that you will learn from taking this subject include: Definition of a trend. So, these weak areas of the intuition and analysis indicate toward the uncertainty of these concepts in the strategic decision making process that impacts organizational strategies and growth in the competitive market. Intuitive thinking is basically the kind of thinking that helps you understand reality in the moment, without logic or analysis. Trends, Networks, and Critical Thinking in the 21st Century is one of the specialized subjects under the Academic career track and the HUMSS learning strand. it is drawn from facts, data, and instructions at hand Intuitive thinking is based on knowledge, experience, but also on innate features and capabilities of managers. In the global marketplace, intuition and rational process both play a crucial role in effective strategic decision making. Supportive Communication – Meaning and Attributes, Supply Chain Integration Strategies – Vertical and Horizontal Integration, Understanding the Importance of International Business Strategy, Employee Participation and Organization Performance, Evolution of Logistics and Supply Chain Management (SCM), Case Study on Entrepreneurship: Mary Kay Ash, Case Study on Corporate Governance: UTI Scam, Schedule as a Data Collection Technique in Research, Role of the Change Agent In Organizational Development and Change, Case Study of McDonalds: Strategy Formulation in a Declining Business, Case Study: Causes of the Recent Decline of Tesla. 0000006548 00000 n In various firms, intuitive process is used under the strategic management to develop effective decisions for attaining organizational goals and objectives. 0000000016 00000 n ... is critical for of an investment in strategic planning is an the strategic thinking phase to be intuitive… startxref ... both in planning session denigrates into talking analysis (metrics) regarding the organiza- design and impact. In the micro environmental analysis, different factors are analyzed by the organizations to develop and adopt effective strategic decision under the strategic decision making process. OBJECTIVES A. So, it supports to the positive sign of intuition in strategic decision making process in terms of developing analytical thoughts and approaches. The Cognitive Reflection Test (CRT) is one of the most widely used tools to assess individual differences in intuitive–analytic cognitive styles. Analysis and Intuition in Strategic Decision Making: The Case of California. Strategic analysis refers to the process of conducting research on a company and its operating environment to formulate a strategy. In various firms, intuitive process is used under the strategic management to develop effective decisions for attaining organizational goals and objectives. Strategic thinkers translate a company’s vision into doable actions. There are various roles of intuitive those are played by it under the strategic decision making process those make it necessary part of the strategic management. Differentiate key components in strategic analysis and intuitive thinking HUMSS_MCT12- Ic-e-5 6. Define strategic analysis and intuitive thinking HUMSS_MCT12-Ic-e-1 2. In the global marketplace, intuition and rational process both play a crucial role in effective strategic decision making.In various firms, intuitive process is used under the strategic management to develop effective decisions for attaining organizational goals and objectives. INTRODUCTION Since its earliest days, the field of strategic management has been preoccupied with developing rational and analytical models and theories (e.g. Unit 3 Definition of Global Networks, Globalization, Migration. It also helps the firm in enhancing the criteria of strategic thought for developing strategic decision making process of the firm. Buchanan and O’Connell cited some famous statements related to intuition (Buchanan – O’Connell, 2006): “Pragmatists act on … "The Strategic Intuition (Online) program is dynamic, instructive, and informative. Additionally, in the external analysis of stakeholders, government, suppliers, customers, etc are focused by the firms to assess the external analysis for developing effective strategies. It is a built-in capacity that is used by the individuals to reach at the solution of the problem effectively. Unit 5 The definition of dimensions of democracy. Henry Mintzberg explains that strategic thinking calls for creativity and synthesis and this is better served by intuition than to analysis (Mintzberg – Westley, 2001). We need to consider 3 main groups in any analysis or review: Our people and their skills & competences; Our customers – what do they want now, and what will they want in the future There are numerous strategic analysis tools that individuals as well as businesses can deploy when creating an effective business strategy. There’s no language involved in it, either. How To Improve Strategic Thinking Skills: Below are 5 tactics that can help guide your effort of improving your strategic thinking process is now. Differentiate key components in strategic analysis and intuitive thinking HUMSS_MCT12- Ic-e-5 6. They could mark only one answer for each skill. It includes reflective thinking about an organization's mission, vision, values, and Strategic clarity. Porter: Strategic Thinking is such as the glue holding many sub-systems of organization together. As far as Western civilization is concerned, the classical Greeks “invented” analytical thinking; the Romans built really straight roads with it, the Dark Ages lost it, and the Enlightenment rediscovered it. Under the macro environmental analysis, legal analysis is also included and conducted by the firms to develop effective and efficient strategic decisions. The focus in this component of strategic planning is on intuition, reflection and "feeling" the organization's future at a deeper, contemplative level. Examine how the map of social networks can be used to introduce creative solutions to a particular problem in a community using intuitive thinking HUMSS_MCT12- Ic-e-6 3. 0000003161 00000 n An Introduction to Strategic Analysis 4:37. �:w�~ǚ�~��J�}� !���2�Ϣ�+% ��Ɩ]˨l��g����5\hWŵ���[��RhH���y{k�#��j1!��CŶ�i(�/���=���#}v�U7�0G~��X� T�%� In the global marketplace, intuition and rational process both play a crucial role in effective strategic decision making. What Makes a Successful Business Website? Strategic analysis is essential to formulate strategic planning for decision making and smooth working of that organization. Intuition and Analysis in Strategic Decision Making, Cross Cultural Decision Making - Programmed and Non-Programmed Decision Making, The Role of Intelligence in Strategy Formulation, Blue Ocean Strategy – Shift from Red Oceans to Blue Oceans. In the economical analysis, economic condition of particular country and market in the form of GDP, per capita income, income level, etc are observed by the firm to develop effective strategic decisions. • SOCIAL MEANINGS OF DECISION-MAKING Strategic Planning – requires processes that includes accurate gathering of information and deliberate analysis to come up with informed decision. Have fun building your strategy skillset! forms of analysis and the skilled utilization of less deliberative, intuitive processes, which enables firms to harness managers’ cognitive and emotional capacities. Define strategic analysis and intuitive HUMSS_MCT12- 2.1 Strategic analysis understands strategic of the networks of power relations thinking Ic-e-1 2.2 Intuitive thinking analysis and intuitive (political, economic, cultural, and 2. 2.1 Strategic analysis 2.2 Intuitive thinking The learner understands strategic analysis and intuitive thinking . Unit 1 is all about fad vs trends and their differences. Unit 4 Platenary climate change, The effects of climate change and the solution. Intuition is a psychological function supports to individuals for using her/his experiences and knowledge to isolate and integrate the data for taking appropriate decision for the business. Strategic analysis is the use of various tools to prepare business strategies by evaluating the opportunities and challenges faced by the company as it moves forward. The Strategist's Challenge 6:50. It’s entirely about signs and sensations. Intuitive thinking is a feeling (a sense) that doesn't use rational processes such as facts and data. This thinking includes reflective analysis about an organization’s mission, vision, values, ... Just as it is critical for the strategic thinking phase to be intuitive, it is critical for the long range planning phase to be analytical, rich in facts and figures, and detailed. INTUITIVE. Second barrier is related with the use of intuition at particular time. Unit 2 Definition of intuitive thinking and strategic analysis, four steps to conquer it. Management employees are not aware about when it should be used and how it can be used effectively. The Cognitive Reflection Test (CRT) is one of the most widely used tools to assess individual differences in intuitive–analytic cognitive styles. x�b```f``Z��������ǀ |@1V ��� 03P XT06�87r>qj���yʷ�A0�f��i��ēa_>_LT �&Ð�Y|��߭�G�D����*&a�z�u����n_��z]�T��ίP�d����3\en�Fijm)~pW���eIϓ6Su'O They should see it as a tool to help a business or organization confront change, plan for and make transitions, and envision new possibilities and opportunities. Understanding Different Types of Supply Chain Risk, Supportive Communication - Meaning and Attributes, 4 Key Things Employees Are Looking for From Their Next Workplace, How to Motivate Your Team Through Mobile Messages, Supply Chain Integration Strategies - Vertical and Horizontal Integration, taking appropriate decision for the business. 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