Mintzberg’s Ten Schools of Thought about Strategy Formation.
Henry Mintzberg in 1999 reviewed ten schools of strategy formulation and declared that any type of business must be driven by the strategy. The strategy has a specific role in the enterprise management but the concept of enterprise indicated that the company has vision, mission and culture.
Strategy Safari, the international bestseller on business strategy by leading management thinker Henry Mintzberg and his colleagues Bruce Ahlstrand and Joseph Lampel, is widely considered a classic work in the field. No other book synthesizes the entire history and evolution of strategic management in so lively and entertaining a fashion. Since the initial publication of St.
READING4 The Strategy Concept J: Five Psfor Strategy 37 Thus, we can move from the definition employed by General Ulysses Grant in the 1860s, “Strategy (is) the deployment of one’s resources in a manner which is most likely to defeat the enemy,” to that of Professor Rumelt in the 1980s, “Strategy is creating situations for economic rents and finding ways to sustain them,”28that is.
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According to Mintzberg H Quin B (1997, p39) “Strategy is the pattern plan that incorporates an organizational goal, policies and action successions at large.” Hence, managers or the top level of an organization require to be very deliberate when choosing the strategy for them to put through in the market, to endure and to win their Rivals.
Porter’s view on strategy was more of a deliberate approach that should be set, while Mintzberg’s view was that strategy should emerge over time. Porter had a prefered and more perspective model where through various models to study market forces, such as tool 6 The Five Forces, you could “deliberately choose a different set of activities to deliver a unique mix of value” (Porter, ME.
The statement of the assignment have been taken from the Strategy Safari (2001) written by H. Mintzberg. As the assignment progresses we will discuss how the strategy formation takes place where the writer comapares it with the elephant. According to the writer We are all blind people and the strategy formation is our elephant and because.