Question: The five Ps theory is based on... Select one: a. Strategy can be developed without intentionality and has an emergent nature. b. Strategy has a

The five Ps theory is based on...

Select one:

a. Strategy can be developed without intentionality and has an emergent nature.

b. Strategy has a unique meaning and its application must be based on it.

c. Strategy is changeable and therefore adapts a new meaning every time it is put into practice.

d. Strategy can be defined from different perspectives that help to better identify the field of action.

The five Ps of strategy Henry Mintzberg offers five different conceptions about the nature of strategy. Mintzberg believes that, as a general rule, strategy is defined in one way, but it is implicitly used in different ways. It is not enough to define a strategy as a plan. Mintzberg claims that what a definition of a strategy should include is the result. As stated before, he argues that a strategy may be seen as the pattern of a series of acts. According to this definition, strategy means consistency in behaviour, intended or not. In the case of certain companies, there is less chance of implementing strategies if the intention is missing. It is only human nature to demand definitions for each concept. The term strategy has been used in multiple ways. However, by tradition, it has been defined in only one way. The implicit recognition of varied definitions can help us to get a better understanding of this difficult field. Therefore, below you can find five definitions of strategy; strategy as a plan, ploy, pattern, position and perspective and, at the same time, some thoughts on the interrelations that they represent.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!