Journal of Academic Research in Business †MyAssignmenthelp.com

Question: Discuss about the Journal of Academic Research in Business. Answer: Introduction: Strategic thinking is the ability of an individual that determines the process of his or her thinking, how he or she evaluates and develops plans for future (Hughes Beatty, 2005). Strategic thinking is regarded as the one of most effective tool that a business individual should possess. Most business leaders apply strategic thinking in order to assess any situation and taking any decision accordingly. It is the ability that includes all the critical skills, which helps a business personnel in making a decision confidently. Certain abilities are there through which one becomes able to think strategically (Mastering Strategic Management, 2018). The ability to think strategically requires certain skills. For instance, a person requires having a clear vision in order to make long-term plans. Additionally, ability to take risks helps one to achieve the skill. I believe I possess certain qualities of a strategic thinker such as analytical approach towards situations and challenges, ability to communicate with others, the decision making ability, leadership quality and problem solving ability (Tovstiga, 2015). Among these essential qualities of a strategic thinker, I believe my strongest strategic thinking skill is the ability think analytically. As strategic thinking refers to the ability to set a goal for an organization, thus, the analytical approach plays a crucial role in possessing the qualities of strategic thinking. A person working in the area of strategic thinking needs to think analytically in order to examine a business of the organization. The ability of analyzing the market and then setting the plan as what initiatives or steps are required to be taken by the organization is considered as the analytical ability of one. I consider my fear of taking risk is my weakest skill of strategic thinking that I need to work on and improve. Risk taking is the critical element of strategic thinking. A strategic thinker becomes successful if only he or she takes the risk in terms of taking the initiative for the growth of his company (Tovstiga, 2015). in some cases, business leaders are to take such steps which have never been applied in business. The ability of risk-taking helps one learn more. As per my experience, I generally, avoid taking risks out of the fear that it might fail. Additionally, the fear of being criticized by other is another reason why avoid taking risks. However, I feel that I need work in order to improve my ability in terms of taking risks. Certain measures can be mentioned in order to improve the skill of thinking strategically. One of the significant ways through which strategic thinking can be improved is observation. Observation makes enable one to not only in applying analytical approach, but it also helps in having the vision to make long-term plans. As analytical thinking includes evaluation of various aspects before making a decision, it enables one to become confident. Meanwhile, it also allows the person in taking risks (Abbas Khali, 2016). As mentioned earlier, the risk-taking ability is my weakest strategic thinking skill. Therefore, in order to become a risk taker, I need take experimental approaches so that I can get rid of the fear of being a failure. References Abbas, A. A. H., Khali, H. H. (2016). Effect of the Empowerment Leadership's on Job Involvement Reinforcement through a Mediator Role for Strategic Thinking Skills.International Journal of Academic Research in Business and Social Sciences,6(6), 189-220. Hughes, R. L., Beatty, K. C. (2005).Becoming a strategic leader. John Wiley Sons. Mastering Strategic Management. (2018).www.saylor.org. Retrieved 10 April 2018, from https://www.saylor.org/site/textbooks/Mastering%20Strategic%20Management.pdf Tovstiga, G. (2015).Strategy in practice: A practitioner's guide to strategic thinking. John Wiley Sons.