Instructions
Discussion Forum 1
Instructions:
Krogerus & Tschappeler, review decision models Keller: Introduction, chs. 1–3 Gamble, Petraf &
... [Show More] Thompson: ch. 1 Rumelt: chs. 16–17-- took at week 1 attach will be email to you title week 1,
BUSI 770 Discussion Board Forum Instructions Liberty University School of Business 30 Apr 2018 Page 1 of 6Overview Each week of this course explores a core theme related to strategic thinking for decision making, and each Discussion Board Forum Main Thread is designed to help you analyze, evaluate, and synthesize what you have learned from the reading as well as your own research from the literature. In the week following your Main Thread, you will provide a critical Reply to at least one of your classmates. Process vs. Strategic Thinking - It is important to differentiate between process (what to do, steps to take) and thinking (the thought process behind why you are doing what you are doing and what steps you take). Be sure to use APA formatting for all elements of your Main Threads and your Replies. This should include Title Blocks, Headings, Citations, References, and general formatting. You must paste your text directly into the message window in Blackboard and attach a word document (.docx) for each post. Discussion Forum 1, Main Thread - Due Sunday of Week 1 by 11:59pm (Eastern Time) Minimum of 500 words in the body Minimum of 2 sources from the literature in addition to course texts Use the following outline: • Introduction • Process: Business Strategy Development - no less than 200 words • Strategic Thinking: Key Decisions Necessary for making strategy decisions, why - no less than 150 words • Decision Model: What are my decision models and how do they aid / hinder this process, why - no less than 150 words • Conclusion Include an Annotated Bibliography of the 2 additional Sources: Minimum of 250 words in annotation Summary of Key Points Evaluation of the Quality of the Publication Evaluation of the Quality of the Author(s) Where this fits into the discussion
Essential Sources:
REQUIRED RESOURCE PURCHASES
Gamble, J., Peteraf, M., & Thompson, A. (2019). Essentials of strategic management, McGraw - Hill Higher Education (6th ed.), New York, NY.
Keller, T. (2012), Every good endeavor, Riverhead Books, Penguin Group, New York, NY.
Krogerus, M., & Tschäppeler, R. (2018), The decision book: 50 models for strategic thinking., W. Norton & Company, Inc. (Revised ed.), New York, NY.
Rumelt, R. (2011), Good strategy/bad strategy: The difference and why it matters., Crown Business, New York, NY.
Process vs. Strategic Thinking
Name
Institution
Process vs. Strategic Thinking
Business strategy plays a fundamental role in influencing the development of business, the achievement of competitiveness, and the capacity to attain set objectives, mission, and vision. The process of business strategy development includes critical elements that result in a competitive edge. Business strategy outlines the necessary steps and approaches for the achievement of set goals and objectives. The integrating of strategic thinking and planning into business strategy contributes significantly into improving the quality and effectiveness of the strategy. Managers/leaders focus on implementing the business strategy development steps and strategic thinking and planning to facilitate and support business growth and development through the attainment of goals/objectives. The discussion of the process and strategic thinking offers a greater understanding of their contribution to organizational success.
Process – Business Strategy Development [Show Less]