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Glossary Of Strategic Thinking Terms

Strategic Thinking Glossary

The following is a glossary of Strategic Thinking terms:

  • Balanced Scorecard



    • A framework that measures performance across financial, customer, internal process, and learning perspectives

  • Change Management



    • A structured approach to transitioning individuals and organizations to a desired future state

  • Competitive Advantage



    • An attribute that allows an organization to outperform others

  • Continuous Improvement



    • Ongoing efforts to enhance processes, outcomes, and strategy effectiveness

  • Environmental Scan



    • A review of internal and external factors that may impact success

  • Execution



    • Turning strategic plans into concrete actions and results

  • Key Performance Indicators (KPIs)



    • Metrics used to track progress toward strategic objectives

  • Long-Term vs. Short-Term Planning



    • Balancing immediate needs with future goals and sustainability

  • Mission



    • The organization's purpose and primary reason for existence

  • PESTLE Analysis



    • A framework analyzing Political, Economic, Social, Technological, Legal, and Environmental factors

  • Resource Allocation



    • Distributing people, time, and funds to priority initiatives

  • Risk Assessment



    • Evaluating potential obstacles and their impact on strategic goals

  • Scenario Planning



    • Exploring multiple possible future conditions to prepare flexible strategies

  • Stakeholder Analysis



    • Identifying and assessing individuals or groups affected by strategic decisions

  • Strategy



    • A coordinated set of choices and actions designed to achieve a desired future state

  • Strategic Alignment



    • Ensuring that goals, resources, and actions support the overall strategy

  • Strategic Objectives



    • Specific, measurable outcomes that move an organization toward its vision

  • Strategic Thinking



    • The ability to analyze complex situations, anticipate future trends, and make decisions that align with long-term goals

  • SWOT Analysis



    • An assessment of Strengths, Weaknesses, Opportunities, and Threats

  • Value Proposition



    • The unique benefit or value an organization offers to its stakeholders

  • Vision



    • A clear picture of what an organization aspires to become in the future

For More Information About Strategic Thinking:

For details and suggested training courses about Strategic Thinking, go to https://hrtrainingcenter.com/strategic-hr-leadership-certificate-program/classroom-course.
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