TRENDS: LOCAL NETWORKS
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39 Terms
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* strategia
strategy comes from the Greek word:
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Strategy
A high level plan to achieve ne or more goals under conditions of uncertainty
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Strategy
* Important because the resources available to achieve these goals are limited
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Strategy
* Generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to achieve the goals, and mobilizing resources to execute the actions
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Strategy
* Describes how the ends (goals) will be achieved by the means (resources)
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Strategic Analysis
* The process of developing a strategy for a business by researching the business and the environment in which it operates
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1. The environment
2. The resources of your company, organization or institution
3. The expectations of different stakeholders
Key Factors in Strategic Analysis
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Strategic Analysis
* Helps one understand the strategic position of the company, institution or organization
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Strategic Analysis
* In business, it is important to analyze environmental changed and how they affect management and employees
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Strategic Analysis
* Creates a view of the key factors which can impact the present and future performance of the company
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* Strengths
* Weaknesses
* Weaknesses
internal key components in strategic analysis
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* Opportunities
* Threats
* Threats
external key components in strategic analysis
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* intuen
intuition comes from the Latin word
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To consider, to contemplate
* intuen means
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Intuitive Thinking
A phenomenon of the mind
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Intuitive Thinking
The ability to acquire knowledge without inference or the use of reference
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Intuitive Thinking
* Associated with “right brain processes” such as aesthetic abilities or creativity
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Intuitive Thinking
* Can be the result of reading social cues
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Intuitive Thinking
* Can translate to innovations in science
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Components of Intuitive Thinking
* Lacks rationalization
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Components of Intuitive Thinking
* Not sequential thinking
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Components of Intuitive Thinking
* Includes insight
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Components of Intuitive Thinking
* There is immediacy
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Components of Intuitive Thinking
* Senses relationships
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Strengths
* Positive attributes w/in our org and control
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Strengths
* Our available resources, competitive advantages, and positive aspects
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Strengths
* What we do particularly well
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Weaknesses
* Internal limitations
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Weaknesses
* Negative attributes / aspects
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Weaknesses
* What diminishes the overall value of our company
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Opportunities
* Resources outside the org that we have access to
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Opportunities
* What we can benefit from
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Opportunities
* Window of opportunity
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Threats
* Risks beyond our control
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Threats
* What can cause a negative impact on our company’s growth or expansion
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* Human network
* Knowledge network
* Trade network
* Computer network
* Ecological network
* Knowledge network
* Trade network
* Computer network
* Ecological network
Kinds of Networks
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Darker line
* formal or direct connections
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Broken line
* for informal or indirect connections
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Arrows
for give-and-receive connections or relationships