The ability to think strategically is a critical element for any organization to
ID: 430121 • Letter: T
Question
The ability to think strategically is a critical element for any organization to compete successfully and build the necessary competitive advantage needed for sustained superior performance. Managers and business leaders will be asked to make critical business decisions that will determine the future of the organization.
Discuss how the business simulation will contribute to the development of these skills. What value can a new employee with the ability to think strategically bring to an organization? How do you intend to develop these skills over the length of the class?
Explanation / Answer
How the business simulation will contribute to the development of these skills?
A business simulation is an environment that shows realistic competitive situations to leaders in a context where they confront roles and have exposure to the all panorama. Participants make decision without real risks, giving them an experience of critical interdependencies, to execute best behaviors, and test the tools they can employee to improve their company’s key performance indicators.
They are a magnific tool for foment intuition about interactions between the variables that conduct organizational performance, also provide a controlled complex environment within which leaders can test, without risk and to understand cause-effect interactions among variables. The advantage with respect real world is they can try again if they made mistakes the first time
What value can a new employee with the ability to think strategically bring to an organization?
Great value. Think strategically is a key skill in order to increase organizational performance, this capability provide an important tool to deal make decisions process day to day, because people can anticipate effects of their own choices in a reasonable scope. It is surely a necessary condition for development of emerging leaders.
How do you intend to develop these skills over the length of the class?
The idea is to build significant mental models that serve as a framework to successfully face future situations.
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