We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Conventional Strategic Planning Concepts

The whole doc is available only for registered users

A limited time offer! Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Compare and contrast conventional strategic planning concepts with those of strategic intent and skill based strategic thinking. Explain how the differences in these concepts can lead to better business strategy practice. Strategic Planning is a necessary process that must occur for any organization to thrive and prosper. Strategic planning provides a roadmap for the organization to follow in achieving its goals. Conventional strategic plans does not account for change or learning new things. In this type of planning change becomes the enemy. This could cause problems for a business or eventually failure of a business. http://www.studymode.com/subjects/conventional-strategic-planning-concepts-vs-strategic-intent-thinking-page1.html Strategic intent usually incorporates stretch targets, which force companies to compete in innovative ways.

In this McKinsey Award–winning article, Hamel and Prahalad describe four techniques that Japanese companies use: building layers of advantage, searching for “loose bricks,” changing the terms of engagement, and competing through collaboration. http://hbr.org/2005/07/strategic-intent/ar/1 Western companies focus on trimming their ambitions to match resources and, as a result, search only for advantages they can sustain. By contrast, Japanese corporations leverage resources by accelerating the pace of organizational learning and try to attain seemingly impossible goals. These firms foster the desire to succeed among their employees and maintain it by spreading the vision of global leadership. This strategic intent usually incorporates stretch targets, which force companies to compete in innovative ways. http://hbr.org/2005/07/strategic-intent/ar/1

1. Strategic thinking takes a holistic or systems view
Strategic thinking requires an orientation to the whole, rather than a focus on just part of the whole. The possible techniques which deliberately foster this attribute are: various kinds of stakeholder mapping, any value system analysis, and conferences which focus on building the future, whatever the exact method adopted.

2. Strategic thinking focuses on intent
Strategic thinking involves purpose – it is not aimless, but has a definite

Related Topics

We can write a custom essay

According to Your Specific Requirements

Order an essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59