Pamela McClinton Running head:
It entails for specification of mission, vision as well as objectives of organization. This further helps in developing of policies and plans so as to achieve the desired objectives Alkhafaji, This is further followed by proper allocation of resources in the right direction leading to achievement of goals and objectives.
According to Mintzberg, strategy can be regarded as a pattern or a plan that carried out the integration of main goals, policies, as well as action sequences of a firm so as to create a cohesive whole.
It is only by focusing on the intricacies of a well formulated strategy there can be an allocation or organizational resources Amason, This will lead to development of a unique and viable process which is based on many domains.
These are in terms of internal strengths, shortcomings, expected changes and setting up of contingent moves by opponents. On the other hand, the strategic planning of an organization is all about the set of management activities that are utilized to set priorities, focus on energy and resources so as to work towards common goals, establish agreement so as to gain an intended outcome Brown, It can thus be regarded as a disciplined approach that produces the fundamental decisions as well as actions that are utilized in shaping as well as guiding the activities of a firm Nuntamanop, Ilkka Kauranen, and Igel, Hence, an effective strategic planning is found to take place so as to find out where exactly the organization is going.
It also helps in the deterioration of the actions that are required to make the much needed progress Lamond, Analysis of Mintzberg approach of Strategic Management Mintzberg has written about the five P of strategy. Each of the five P has got a different approach to strategy.
Mintzberg has often given a focus to the concept of strategy as a plan. During the implementation of any strategy in the organization, it is a known fact that planning is something that is usually adopted by managers French, It is also an essential part of the strategy formulation process.
Hence, the aim of strategy as a plan is that the organizational strategies are required to be developed in advance and should have sole purpose. But Mintzberg has not focused on the external environmental factors that can lead to non fulfillment of the strategic plans. Hence, there may be diversion from the overall planning process undertaken by managers which may not be fruitful in the long run Alkhafaji, Moreover, the requirement with strategy as a plan is that it is required to be made in advance and developed consciously taking into consideration the pertaining issues.
This thing may not be a possibility due to ever changing nature of business environment Hill and Jones, Mintzberg has also described strategy as a ploy where disrupting, dissuading or discouraging can be made a part of strategy.
This defiantly helps in getting the better out of competitors. For example, a retail chain may threaten to expand its operations so as to restrict the activities of a competitor Hodgkinson, As a ploy, it is clear that Mintzberg wants the organization to take steps to outsmart the competitors.
Moreover, it involves for a specific maneuver from the company to outwit an opponent. Hence, this seems completely against the principles of fairness in the business activities undertaken by a firm Nuntamanop, Ilkka Kauranen, and Igel, Moreover, on another note, it can be problematic for the same firm if some other competitor utilized the concept of ploy as a strategy.Henry Mintzberg's Managerial Roles all of the information into a proposal for next week's sale advertisement and forwards the information to upper management for approval.
Traffic Analysis. "Henry Mintzberg's views are a breath of fresh air which can only encourage the good guys." The Observer.
Strategy Safari – gives you the ‘big ten’ in the strategy jungle. In this revised edition of the original, ground-breaking Strategy Safari, Henry Mintzberg, described by Tom Peters as ‘perhaps the world’s premier management thinker’ and his equally maverick co-authors continue.
Mar 28, · Porter or Mintzberg - Whose View of Strategy is the most Relevant Today? There are two people, and only two, whose ideas must be taught to every MBA in the world: Michael Porter and Henry Mintzberg.
Mintzberg developed his rational concept of an organisation as composed of five evaluated the theories of change management. 2. Two Approaches and a Framework There may be analysis, but there is always a bias towards practical and fast solutions. Change Management - Introduction.
The business landscape of the 21st century is characterized by rapid change brought about due to technological, economic, political and social changes. The business unit is the appropriate level of analysis for our project. Especially in larger organizations, strategies, management control practices, and contexts may differ widely between various parts of .