Reflecting on the five aspects of formulating strategy

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Reference no: EM131676153

Formulating strategy involves (a) making decisions about the organization's vision, (b) identifying opportunities and threats in the external environment, (c) determining the company's strengths and weaknesses, (d) defining long-term objectives, and (e) deciding on the strategies to achieve those objectives (David, F.R., 1997).

Question. Reflecting on the five aspects of formulating strategy identified above, where specifically can design thinking result in a better strategic plan and why?

References:

David, F.R. (1997). Concepts of strategic management (6th ed.). Saddle River, NJ: Prentice-Hall.

Porter, M.E. (1996). What is strategy? Harvard Business Review, 74(6), 61-85.

Wager, K.A., Lee, F.W., & Glaser, J.P. (2013). Health care information systems: A practical approach for health care management (3rd ed.). San Francisco: Jossey-Bass.

Reference no: EM131676153

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