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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showed last 75 words of 425 total
…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.