StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategy management - Literature review Example

Cite this document
Summary
Through the above definition, Mintzberg aims to offer an explanation for the methods used by managers in order to decide on critical organizational issues. In the definition of Mintzberg…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Strategy management
Read Text Preview

Extract of sample "Strategy management"

Download file to see previous pages

However, this fact does not affect his performance. In fact, crafting is characterized by the detailed review of organizational problems, allowing for more precise managerial decisions compared to common methods of strategic decision making, where there is the risk of generic assumptions. This advantage of crafting towards other methods of strategic decision making is made clear through the following statement of Mintzberg: manager as a craftsman ‘has to craft his strategy as a potter has to manage her craft’ (Mintzberg 1988, p.73). Another characteristic of the manager who acts as a craftsman is that he is able to use his critical thinking on a constant basis – even when executing a task using his hands (Mintzberg 1988, p.78); this potential for simultaneous use of mind and hands is an advantage of the manager who acts as a craftsman.

The view of Mintzberg that the manager is a craftsman, is in opposition with the view of Miller et al. (2005) who noted that strategic decision making is based on intuition; when being used for decision making in organizations, intuition may have two different forms: it could be either a holistic hunch or an automated expertise (Miller et al. 2005, 22); in its first form, intuition is used in organizations where ‘exploration has been adopted as a goal’ (Miller et al. 2005, p.22-23); on the other hand, intuition in its second form can be identified in organizations that focus on ‘execution and building on past investments’ (Miller et al. 2005, p.22-23).

At this point, it is assumed that these managers prefer to avoid focusing on details when having to develop critical strategic decisions (ignoring the theory of manager as a craftsman, as stated by Mintzberg, 1987) considering their intuition as more appropriate criterion for the development of effective strategic decisions. The use of the theory of Mintzberg for

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategy management Literature review Example | Topics and Well Written Essays - 3000 words - 1”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1576911-strategy-management
(Strategy Management Literature Review Example | Topics and Well Written Essays - 3000 Words - 1)
https://studentshare.org/miscellaneous/1576911-strategy-management.
“Strategy Management Literature Review Example | Topics and Well Written Essays - 3000 Words - 1”, n.d. https://studentshare.org/miscellaneous/1576911-strategy-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategy management

Current Business and Perceived Directional Focus of Telus Health

Telus Business strategy: As with any firm, Telus Health is most supremely interested in maximizing profits.... Although there are many means to affect such an end, the particular business strategy that Telus Health has chosen to engage with can most definitively be described as one of acquisition.... An acquisition strategy is a strategy that many firms/organizations would doubtless love to be able to pursue.... Generally, firms that pursue an acquisition strategy have excess capital in reserve....
4 Pages (1000 words) Essay

Strategy Management Tasks

Reflection on strategy management task The first task of the assignment was to produce a business plan for a newly developed standalone organization.... hellip; Business plan provides the strategy and direction for a new business.... It is important to understand the concept and significance of a business plan....
4 Pages (1000 words) Essay

Strategy Management : Petrobras

PETROBRAS strategy management Name: University: Course: Tutor: Date: Introduction PETROBRAS is an integrated gas and oil corporation that has its headquarters at Rio de Janeiro in Brazil.... The key reason I chose to evaluate on PETROBRAS strategy is because the oil and gas are the key players and determinants of the global economy....
10 Pages (2500 words) Coursework

Strategy Management: Wimm Bill Dann

Their core strategy was to use brand imaging and quality control, whereby they attracted consumers with the attractive packaging of quality fruit juice products available at very affordable prices.... The following article takes a look at the strategies adopted by Wimm Bill Dann from 1998 till 2004, how successful these strategies were and the changes they introduced into their business at it evolved over time, A look at Wimm Bill Dann's strategy in the fruit juice market segmentEarlier, the fruit juices available in the existing food market in Russia, were made from traditional fruits and the packaging was difficult to handle....
11 Pages (2750 words) Case Study

Barclaycard Strategies

Currently Barclaycard is using both the Information Technology and computer technology as a strategy in the facing it's many competitors and also in penetrating the modern market.... The strategy has greatly assisted this organization in flourishing in terms of business and also… They should not drop this strategy but should go for more strategies and incorporate them so as to be in the right direction as far as business operations are Another strategy for them to adopt is marketing strategy which is a very powerful measure to give them an added competitive advantage in the business arena....
10 Pages (2500 words) Essay

Information Systems and Strategy Management of ASIC Company

This will require the integration of all the appropriate information management system strategies.... nbsp;  The firm must therefore radically change its information management systems to survive against the expected challenge.... In order for the power supply company, ESIC transform from a monopolistic system into a highly competitive market-oriented firm, it needs to radically overhaul its information management systems....
6 Pages (1500 words) Case Study

Tescos Strategy Management

The article initially comprises of the ways in which the strategic environment of an organization gets affected in a crisis situation and then it… onsiders the ways in which the scenario initiates significant changes in products and markets, supply chain structures, people or talent management, and management of corporate identity and reputation.... Any strategy formulation is done by a company in order to gain competitive advantage in the competitive business environment....
7 Pages (1750 words) Essay

Global Strategy Management - Cultural Considerations

To do this, I would advise that our company representatives in India cultivate respect and trust with potential Global strategy management Global strategy management India is a good destination in which to expand business but there are a number of pertinent cultural considerations to take into account when strategizing for entry into the country.... Another change that I would expect in our approach is the emergence of the need to develop plans that anticipate difficulty in getting Indians to accept our less hierarchical management because as much as Indians emphasize relationships they use a highly hierarchical business management....
2 Pages (500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us