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"Thinking Strategically" Simulation

In need your opinion after you run the "Thinking Strategically" simulations.

a. What lessons did you learn relative to the importance and effectiveness of environmental scanning?

b. As a result of using this simulation, what concepts and analytic tools will you be able to use in the development of your strategic plan (i.e., how do you expect to apply what you learned)?

c. What do your results reveal about the challenges facing strategic planners?

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Solution Summary

This brief solution touches on the importance and effectiveness of environmental scanning, concepts and analytic tools that can be used in the development of your strategic plan, and the challenges facing strategic planners. This solution is 361 words.

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a. What lessons did you learn relative to the importance and effectiveness of environmental scanning?

The major lesson learned was the value of using various sources of information that affect final outcomes of strategic planning. Environmental scanning provides the opportunity for advanced insight and provides early warnings for external conditions facing corporations. As shown in the simulation, environmental scanning also allows the opportunity for a company to promote vision and direction for all stakeholders. The information gathered as a result of environmental scanning, also provides the company with future trends data and can warn company officials of the declining of trends on the ...

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