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Showing posts with the label strategic analysis

Scientific Learning Fosters Strategic Decision-Making Skills

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Permission to Use D.S. Socio-scientific answers are rarely specific enough to concrete. The complexity of making determinations in this field helps in highlighting which methods of strategic decision-making people are using. Research by Eggert & Bogeholz delves into the complex processes students use to make socio-scientific decisions based upon competing information and ambiguous direction (2010). Their results show that scientific thinking improves complexity of thought and strategy making. The process of making decisions that border between scientific research and sociological concepts is difficult. In scientific research it is necessary to answer ambiguous and specific questions like the potential societal benefits of research or the exact measurements used in instrumentation. It is hard for people to make cognitive models that can handle such widely dispersed information effectively.  Understanding science requires the ability to look at data, be open to new da

Developing Corporate Strategies

As the market becomes chaotic the need to change the strategic formation models becomes apparent to match this need. Strategic behavior is associated with capital resources and the competencies of the corporation. A paper by EL Namiki in the Ivey Business Journal (2013) helps in furthering the Systemic Strategy Analysis Model (SSAM) of strategic thinking which understands the flows of thought formation within companies in order to analyze a company’s competitive position. Strategic behavior is seen as a process of developing and enacting choices. Systematic strategic behavior focuses more on the developing and enacting of choices that are in alignment with the structural and environmental constraints of an organization. Strategic business choices, by their nature, are more confined than those enacted by individuals. Proper analysis is needed to define corporate strategy. Where resources and company attributes meet each other there is a strategy that could be developed to fu