Article Review - Five Ps for Strategy.
Title: Article Review - Five Ps for Strategy.
Category: /Social Sciences/Philosophy
Details: Words: 425 | Pages: 2 (approximately 235 words/page)
Article Review - Five Ps for Strategy.
Category: /Social Sciences/Philosophy
Details: Words: 425 | Pages: 2 (approximately 235 words/page)
This article talks in regards to the 5 definitions of strategy - as a Plan, Ploy, Pattern, Position and Perspective. It also covers how these interrelationships are considered in the strategic context.
In this article, Mintzberg takes on a very different view in regards to strategic management. His Five Ps for Strategy covers:
*Strategy as a Plan- It represents strategy as a consciously intended course of action,
*Strategy as a Ploy- As it deals with direct
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encompassed in strategizing and it is important to understand them in the strategic process.
References:
Mintzberg, H. (1996), 'Five Ps for Strategy' in Mintzberg, H. & Quinn, J.B. (eds), 'The Strategy Process: Concepts, Contexts, Cases (3rd edn), Prentice Hall, New Jersey, pp. 10-17
Hubbard, Graham and John Thornton, (2000), 'Strategic Management: Thinking, Analysis and Action: Instructor's Manual', Prentice-Hall, Frenchs Forest.
Selznick, Philip (1957), 'Leadership in Administration: A Sociological Interpretation', 3rd Edition, Harper & Row, Evanston.