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Personal Integration-Strategic Management

In: Business and Management

Submitted By vjurgens3
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Strategic thinking is a process that determines the way we think, assess, view, and create the future for ourselves and others. In a business context, strategic thinking is used to address issues, reach decisions, and inspire innovation. Strategic thinking can also be used in our personal lives to help guide us in the direction we want to go, and enhances our abilities to achieve our life goals. I had never given much thought about strategy and strategic thinking in my personal and work life, but I now see the many benefits of practicing strategic thinking in my daily life.
Effective execution of a new strategy is widely believed to be more important than even the strategy itself, and therefore, it is extremely important for management to skillfully lead a strategy’s implementation. There are many components involved in successfully enacting a strategy, most crucially active communication. Many complications arise in the process of implementing strategies due to the lack of complete understanding from everybody involved. Implementations often fail when there are unclear roles and responsibilities, and as a result of conflicts and misunderstandings.
Successful managers are great communicators and ensure that the vision of the company and the strategic goals in the project are clear and well-defined in order to increase understanding and create alignment within the organization. They must also regularly share ideas, information, outcomes, and reasons so that everybody stays informed and on the same page. Organizational coordination is developed through quality communication and greatly reduces confusion and ambiguity. Managers should strive to align strategy implementation with their company’s culture in order to create value. This can be accomplished by setting goals and initiatives that help establish a culture that is open to change, goal...

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