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In The Strategy Book, one of the winners at the Chartered Institute of Management's Book of the Year Awards 2013 (Atherton, 2013), argues that "strategy is about shaping the future" (McKeown, 2011) and approaches strategy as something that people do, both as style of thinking and the combination of actions taken along with their consequences.
Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life is a non-fiction book by Indian-American economist Avinash Dixit and Barry Nalebuff, a professor of economics and management at Yale School of Management. The text was initially published by W. W. Norton & Company on February 1, 1991. [1]
Liedtka's work in strategic thinking has focused in two areas: One is in identifying and exploring five central elements that distinguish strategic thinking in practice : it incorporates a holistic systems perspective, it is possibility and intent-focused, involves thinking in time, is hypothesis-driven, and is intelligently opportunistic. [9]
Strategic thinking is one type of thinking, the ability to develop and implement long-term plans to achieve goals, analytical thinking is a foundation of strategic thinking, and many of the types of thinking that we could utilise include: [48] Analytical thinking. Strategic thinking. Creative thinking. Intuitive thinking. Systems thinking.
Mintzberg argued that strategic thinking is the critical part of formulating strategy, more so than strategic planning exercises. [28] General Andre Beaufre wrote in 1963 that strategic thinking "is a mental process, at once abstract and rational, which must be capable of synthesizing both psychological and material data. The strategist must ...
The book uses many examples across industries to demonstrate how to break out of traditional competitive (structuralist) strategic thinking and to grow demand and profits for the company and the industry by using blue ocean (reconstructionist) strategic thinking. The four principles are:
Strategic planning has been criticized for attempting to systematize strategic thinking and strategy formation, which Henry Mintzberg argues are inherently creative activities involving synthesis or "connecting the dots" which cannot be systematized. Mintzberg argues that strategic planning can help coordinate planning efforts and measure ...
The SMS Book Series is published in cooperation with Wiley-Blackwell and focuses on cutting edge concepts/topics in strategic management theory and practice. The books emphasize building and maintaining bridges between theory and practice in strategic management. The work published generates and tests theories of strategic management and it ...