Article Review - Five Ps for Strategy.

This article talks in regards to the 5 definitions of strategy - as a Plan, Ploy, Pattern, Position and Perspective. It also c everyplaces how these interrelationships are considered in the strategical 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 think course of action,

*Strategy as a Ploy- As it deals with handle competition, it uses deliberate threats and feints to gain advantage over competitors,

*Strategy as a Pattern- This P encourages the recognition that strategies can emerge over time, as well as being deliberately aforethought(ip) and intended in advance,

*Strategy as a Position- This encourages us to look at how an transcription is positioned relative to its competitors,

*Strategy as a Perspective- This definition is encouraging s to look in to how things are managed and operated within the organization.

This falls into place with what Hubbard and Thornton (2000) said A Business Strategy is a comprehensive statement of the actions an organization intends to take to meet the objectives it has set to achieve its mission.

What and then is the acquirement point of this article?



In order for strategies to be effective, it has to encompass some critical factors and structural elements:

*Clear, decisive objectives,

*Maintaining the initiatives,

*Concentration,

*Flexibility,

* merged and Committed Leadership,

*Surprise, and

*Security.

All these factors are intertwined with the Five Ps that are mentioned in the earlier part of this review. At the same time, another learning point about this article is that the Five Ps complements for each one other and that there is no single definition or method for strategizing. This article falls in line with what many other authors says about strategies. For example, Philip Selznick (1957:47) wrote about...

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