Strategic Thinking

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Select an organization in the health care arena you would like to work for. With this organization in mind, describe how strategic thinking could lead to the identification of opportunities for this organization to gain a competitive edge in the industry. Provide at least one example that demonstrates the importance of “strategic thinking.” Support your primary response with at least one scholarly source.

The company or organization I want to work for is in pharmaceutical. It can be any in the east coast of the us.

 

 

Sample Solution

Strategic Thinking

Strategic thinking is a powerful leadership tool that gives organizations the foresight and insight needed to succeed in the long term, especially when applied throughout the organization. There is power in strategic thinking and it is available to everyone. When organizations begin to think strategically, they gain: insight, or problem solving skills, which help them intuitively make sense of chaos in their environment; the ability to see emerging conditions that could potentially provide long-term competitive advantage; the skill of visualizing, interpreting and scanning the environment for information about the organization`s present and future; the ability to identify new market opportunities and create real solutions that advance business, and; the ability to understand the importance of relationship building and its interconnectedness with business goals.

Free trade policies enhanced trade, transport, agriculture, manufacturing industries, imports and exports in developing countries. ‘Free trade area covers all manufactured and agricultural products, although the timetables for reducing tariffs and removing quantitative restrictions and other non-tariff barriers differ, (Association of South Asian Nations, 2009 update on free trade). Due to entry of various industries in the market, infrastructures are improved in collaboration of state’s government and the industries for their market accessibility. Improvement of infrastructures such as roads, railways, communication, electricity, and social amenities by these industries serves as a gateway to developments in these countries. Increased developments results to increase in investments and thus a country realize its development goals of. Although a country does not benefit directly through revenues from tariffs and taxes, the industries help it to meet its development goals. , its development vision is addressed. Improvements of infrastructure such as transport, electricity and social amenities results to improvement of investment capacities of regions and countries, which in turn contribute to economic growth (Jovanovic??, 2013 p. 971). Policies that lift barriers on export and imports by lowering or elimination tariffs and duties encourage export and import of both goods and services to across the region. Developing countries are able to gain revenues from exports while imports supply them with necessary services and goods that are important in steering economic development. For example the European Economic Community elimination of import and export tariffs for its member states encouraged free movement of goods and services across the region in a common market (Bento, 2009 p. 73). Therefore, free trade has contributed greatly to development of small nations through improved trade that encourages export of goods and services without barriers.

Trade liberalization has increased countries integrations and as a result aid to tra

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