|Sharing, Learning, Un Ending Improvement||And what we do too. In other words, we think in order to act:|
|Downloading prezi...||Geetha Alagirisamy SYNOPSIS This paper discusses via critical analysis the ideas of Henry Mintzberg, the Canadian theorist and Cleghorn Professor of McGill University, on the topic of strategic management, alongside an in-depth evaluation of his writings and contributions to the study and use of strategy in the domain of business and management.|
|Forgot Password?||Evolution of strategic Management This part will be updated soon 1. Characteristics of Strategic Decision Unlike many other decisions, strategic decisions deal with the long run future of the entire organization and have three basic features:|
|Mintzberg’s Modes of Strategic Decision Making by wiparat samthong on Prezi||Evolution of strategic Management This part will be updated soon 1.|
|Strategic Management for MBS: Unit 1||
In this chapter, you will: Understand the process of strategic decision-making. Understand the various modes of strategic decision-making.
Strategic management places a heavy emphasis on strategic decision-making. As organizations grow larger and environments become more uncertain, decisions become increasingly more complex and difficult to make. For a decision to be called strategic, it should have the following characteristics: It deals with the long-run future of the entire organization.
It commits substantial resources and demands a great deal of commitment from people at all levels. It acts as a directive. It sets a precedent for lower level decisions and future actions, and has implications for the entire organization.
Modes of Strategic Decision Making Henry Mintzberg has classified strategic decision-making into three different modes: Entrepreneurial mode Adaptive mode Planning mode There is a fourth approach — logical incrementalism — which has some characteristics of each of these three approaches.
Entrepreneurial mode In this mode, strategies are framed by one powerful individual. The entrepreneurial mode focuses solely on your organizations opportunities. Problems associated with strategy are given secondary importance.
The dominant goal is the growth of the organization. The disadvantage of this mode is that it does not consider problems that may arise during strategy implementation. The advantage is the speed with which a strategy can be formulated and implemented. Adaptive mode This mode is characterized by reactive solutions to existing problems.
This mode of decision making results in a fragmented strategy with incremental improvement. Planning mode In this mode, appropriate information for situational analysis is gathered systematically.
A few feasible alternative strategies are developed and the most appropriate strategy is selected. The planning mode encompasses both a proactive search for opportunities and a reactive solution to existing problems. The planning mode helps your firm to be better prepared for environmental uncertainties.
Though every mode of strategic decision-making can be used in one situation or the other, the planning mode, which includes the basic elements of the strategic management process, is a more rational and better method of strategic decision- making than the others.
It is more appropriate for dealing with complex and changing environments. Logical incrementalism There is a fourth approach that might be followed by your firm — logical incrementalism.
It is a synthesis of the three approaches just mentioned.
When developing strategies, organizations choose an interactive process for probing the future, experimenting, and learning from a series of incremental commitments. This approach is useful when the environment is changing rapidly and it is important to build a consensus before committing the entire company to a specific strategy.
Characteristics of Strategic Decisions The characteristics of strategic decisions flow from the nature of strategic management. There are several important differences between strategic management and various management functions like operations, human resources, marketing, accounting, finance, and research and development.
The distinguishing features of strategic management are listed here. Strategic management entails multiple time horizons Strategic management involves strategy formulation at three levels, namely, the corporate level, the business level and the functional level.
The three levels have different orientations of time, though they are synchronized in their objectives. The corporate manager deals with the vision of your organization, which has a long-term perspective.
The strategic business unit level managers deal with, translating the vision into the mission and objectives for your firm and they have a medium-term perspective. The functional managers tend to have a short-term perspective.
Strategic management is concerned with both efficiency and effectiveness Strategic management lays emphasis on both efficiency and effectiveness.
It deals with the environment over which your firm has little or no control. Accordingly, efficiency, that is, doing things right might lose validity and relevance if the environment conditions undergo a change.
It is effectiveness which will align the activities and strategies to the dynamic environment.Apr 23, · Though every mode of strategic decision-making can be used in one situation or the other, the planning mode, which includes the basic elements of the strategic management process, is a more rational and better method of strategic decision- making than the others.
Mintzberg Modes Of Strategic Decision. Strategic decision making into 3 modes: Entrepreneurial mode – where formulation of strategy is done by a single person. Focus is on opportunities and growth. Advantage is the speed with which strategy can be formulated and implemented. Mintzberg Modes Of Strategic Decision.
Strategic decision making into 3 modes: Entrepreneurial mode – where formulation of strategy is done by a single person. Focus is on opportunities and growth. Advantage is the speed with which strategy can be formulated and implemented.
This is known as “love at first sight”; as a model of decision making, I call it seeing first. Even some rather formal decisions happen this way—for example, deciding to hire someone two seconds into the interview, or buying a company because you like the looks of the place.
Mintzberg stated that the three most typical modes of strategic decision making are entrepreneurial mode, adaptive mode, and planning mode. Entrepreneurial mode- Characterized by large, bold decisions usually made by one powerful executive, probably the entrepreneur themselves%(56).
A summary of the ten schools of thought by Henry Mintzberg. i want the information on the decision making theories - Mintzberg and prescriptive and descriptive approaches Mintzberg models of Strategic management 1.
STRATEGIC MANAGEMENT MODELLING STRATEGY: THE CONCEPT OF MINTZBERG PRESENTED BY; THUGURI MURIUKI OCTOBER