Effect of Strategic Thinking Skills on Dimensions of Competitive Advantage: Empirical Evidence from Jordan

Ahmed A Al-Qatamin,Ayat Mohammad Esam

doi:10.5539/ijbm.v13n5p127

Abstract

The main aim of this research was to conduct an empirical investigation of the effect of strategic thinking skills on the dimensions of competitive advantage using a sample from banking sector in Jordan.Strategic Thinking Questionnaire (STQ) was used to collect data for the investigation. Four models to capture the effect of each skill of strategic thinking on each dimensions of competitive advantage were developed and tested through several hypotheses using multiple regression analysis as a tool for data analysis and hypotheses testing.Results indicated that, reflecting as a strategic thinking skill has a significant effect on all dimensions of competitive advantage in all models. On the other hand, the remaining two (system thinking and reframing) skills of strategic thinking failed to show any significant effect on competitive advantage in all models tested in this research.

Highlights

In our modern time, all business organizations face complex problems due to massive changes taking place in the external environments
In many cases effective solutions to problems conducted by corporate executives provide only temporary solutions to diversified organizational problems which lead later to the creation of more complex problems
As presented in the previous section, results of testing the research hypotheses yielded the following conclusions: 1- The constant was always significant in all models indicating that there are other independent variables other than those included in the model which have significant effect on competitive advantage in the four dimensions used in this research

Summary

Introduction

All business organizations face complex problems due to massive changes taking place in the external environments These changes require new innovative thinking approaches in order to be able to respond effectively to them. In many cases effective solutions to problems conducted by corporate executives provide only temporary solutions to diversified organizational problems which lead later to the creation of more complex problems One of these problems is related to difficulties in the process of strategic planning due to the lack of the required strategic thinking on part of the strategic executives. It has been noted by many researchers that, skills of strategic thinking usually create a dynamic situation at both organizational as well as individual levels. This normally leads to formation of core requirements for the achievement of corporate competitive advantage (Walters, Frome, & Hend, 2013)

Methods

Results

Conclusion