The Role of Strategic Thinking in Business Success

January 19, 2023

The Role of Strategic Thinking in Business Success

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

The Role of Strategic Thinking in Business Success

Strategic thinking is a crucial aspect of business success. It involves considering the long-term goals and objectives of an organization and developing a plan to achieve them. Strategic thinking is essential for businesses of all sizes and across all industries as it helps to ensure that an organization is able to adapt and evolve in a constantly changing business environment. In this article, we will explore the role of strategic thinking in business success and discuss how it can be used to drive growth and improve performance.

One of the key roles of strategic thinking is in the development of a clear and compelling vision for an organization. A well-articulated vision provides direction and purpose, and helps to align the efforts of all stakeholders. A strategic vision should be ambitious yet realistic, and should be communicated effectively to all members of an organization so that they understand the role they play in achieving it.

Another important role of strategic thinking is in the identification of opportunities for growth. A strategic thinker is able to analyze the external environment and identify trends and patterns that may impact an organization’s future. They are also able to identify areas where an organization may be underperforming and develop plans to address these issues. This kind of thinking allows an organization to capitalize on new opportunities and maintain a competitive advantage.

Strategic thinking is also essential for the development of effective business models. A strategic thinker is able to analyze the needs of an organization’s customers and identify the most effective ways to meet those needs. They are also able to identify the most efficient and cost-effective ways to deliver products and services. This can lead to the development of innovative business models that can give an organization a competitive edge.

Strategic thinking is also important for risk management. A strategic thinker is able to identify potential risks and develop plans to mitigate them. This can help an organization to avoid or minimize the impact of negative events and ensure that it is able to continue to operate effectively. This is especially important in today’s rapidly changing business environment where organizations are facing an increasing number of risks such as political, economic, social and technological risks.

Strategic thinking is also essential for effective decision making. A strategic thinker is able to consider the long-term implications of a decision, and weigh the potential risks and benefits. They are able to analyze the available information and make well-informed decisions that will help to achieve the organization’s goals and objectives.

However, strategic thinking is not always easy, it requires a specific mindset and set of skills. It requires a deep understanding of the industry, the market, and the internal and external environment. It also requires creativity, the ability to think outside of the box and the ability to make decisions under uncertainty. Additionally, strategic thinking requires the ability to communicate effectively and the ability to lead and inspire others.

In conclusion, strategic thinking is a crucial aspect of business success. It is essential for the development of a clear and compelling vision, the identification of opportunities for growth, the development of effective business models, risk management, and effective decision making. However, strategic thinking is not always easy and requires a specific mindset and set of skills. Organizations that are able to develop and nurture strategic thinkers will be better equipped to navigate the challenges of the business environment and achieve long-term success

RUBRIC

QUALITY OF RESPONSE	NO RESPONSE	POOR / UNSATISFACTORY	SATISFACTORY	GOOD	EXCELLENT
Content (worth a maximum of 50% of the total points)	Zero points: Student failed to submit the final paper.	20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking.	30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking.	40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete.	50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing.
Use of Sources (worth a maximum of 20% of the total points).	Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper.	5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6^th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper.	10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6^th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources.	15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6^th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources.	20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6^th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment.
Grammar (worth maximum of 20% of total points)	Zero points: Student failed to submit the final paper.	5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors	10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors	15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage.	20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free.
Structure of the Paper (worth 10% of total points)	Zero points: Student failed to submit the final paper.	3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6^th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6^th edition requirements whatsoever.	5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6^th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper	7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment.	10 points: Student provides a high-caliber, formatted paper. This includes an APA 6^th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.

GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER

CLICK ON THE LINK HERE: https://www.perfectacademic.com/orders/ordernow

Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow

Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!!