Strategy and strategic management Essay Example | Topics and Well Written Essays - 2750 words

Strategy and strategic management - Essay ExampleAfter developing plans, they turn in resources that facilitate the implementation of policies and after a specified time, they evaluate whether the goals have been accomplished. Mission statements help managers to located the company direction.Various theories have been put forward by scholars regarding what strategic management entails. The most rough-cut is the ten schools of thought developed by Mintzberg. He classifies strategy into three categories namely prescriptive, descriptive and form (Mintzberg, 1990). This theory helps to interpret the process of strategic planning and be able to plan even when in that location is change in environment as a result of internal or external factors. This root word is a critique of the concept of strategy, the strategy process and how it can be drawn upon and used by contemporary built environment organic laws within current climate.Strategy is a plan of action order towards achieving a n organizations goals and objectives. Managers set the organizational strategies and goals and also device ways of achieving them. Different managers use varied approaches to strategize and Mintzberg categorizes them into ten schools for better understanding and thereafter classifies them into three broad categories depending on their purpose. They include prescriptive, descriptive and configurative (Whittington, 2000).These impress designing, analysis and positioning for the future. The design school of thought is concerned with ways of developing strategies. The manager evaluates the strengths and weaknesses of the organization against the opportunities and threats which are external. Based on the result, the manager is able to formulate a strategy which addresses the shortcomings and tries to maintain a balance between the two. The organizational strategy does not have to be complicated and can be understood and implemented by all staff members while on the other hand, it is st atic and because not suitable since