Strategic thinking is an elaborate process that involves the inclusion of several aspects within an organization in order to realize the intended long-term plan. It incorporates the inputs of different individuals within the different units within an organization so as to fully integrate the process and generate more ideas to execute the laid plans. The perception that the accountants and financial managers are 'mere bean counters' and cannot contribute to strategic thinking and that they don't posses tools to do so is misguided. The term "bean counter" is a common word which is used to negatively refer to the accountants and other individuals such as the financial managers whose job descriptions are viewed as that of counting every detail and tracing wastage in every aspect of the organization's expenditure compared to that of the kitchen inventory keepers who keep every record and would want to count all the beans in a sack (Wise Geek, 2003).
Taking into consideration the process of strategic thinking, the roles of the accountants and the financial managers are equally important and add value to the whole process and cannot be reduced to that of dealing with figures but have a significant role to play if the strategic plan is to work effectively. Taking into consideration the strategic thinking process, the roles of the accountants and the financial managers among other dockets that fit into the 'bean counting' tag are traceable. It is a creative process that takes into account all the parameters and acts within asset of assumptions and existing ideologies challenging those assumptions while exploring more available alternatives to ensure amore and amicable solutions and approaches are unveiled .
One of the most important elements in strategic thinking is the systems perspective. A strategic thinker should look into all the systems from all the directions and levels of each individual to fully understand the environment in...
Strategic Thinking and Implementation The Company and the Change The Change The Change Models Lewin's Change management Model McKinsey 7-S Model The Change Models for Toyota Barriers to Change & Methods to Overcome Them Resistance to Change Managing Change The Company and the Change For this question we choose Toyota Motor Corporation as an example where there has been a major change in the company. The change occurred when the company changed its production process to remain competitive in the market
furnishes a literature review of five strategic management viewpoints, that include Porter's (1980) Generic Strategies, Porter's (1980) Five Forces, Porter's (1985) Value Chain Analysis and Bowman and Faulkner's (1997) Bowman's Strategy Clock. This paper has made use of UK's Tesco supermarket retailer for case study. The analysis of Tesco using Porter's Generic strategies revealed that Tesco's generic strategy needs to be cost leadership given that they can successfully differentiate
However the lack of stability in these partnerships is a major weakness for the company today. In 2008, Apple released the following graphic illustrating just how pervasive they believed video-based devices would be, which clearly makes the value of digital content providers critical to their future business model. Market Assessment of Video-Capable iPods source: (Apple Investor Relations, 2008). Implementation: Apple will need to work closely with their research and development team to
Strategic Management It is very important that the factor of 'change' figures within an organization prominently. Different people utilize different approaches to implement these changes, and most often, it is that particular method that suits the organization the best that is used. Among some of the tried and tested methods of implementing change within an organization is the 'Delta Technique', which is one of the more popular and extremely successful methods
Culture is no small force; it shapes individuals and impacts tremendously on politics (McCartney, 2004). Nations are made up of people, who, from the moment of their birth, are deeply and profoundly shaped by the cultures and customs from whence they came (McCartney, 2004). Because history and culture are two such inseparable animals, it's worthwhile to take a brief look at the history of the Bahamas. Brief History Many history scholars believe
Since the generation with the highest birth-rate is reaching the retirement age, they are prone to travel more and lead to an increase demand for hotel rooms. (15%) j. Fast food outlets in emerging markets The fast food industry is expected to register an increase during the following years, especially within emerging markets. Here are some factors that would generate the increase in demand for fast food products: Increased interest from
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