Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Could someone please help me with a reply to my classmate response.

Here is the topic of the discussion: The “5 P’s of Strategy” capture the complexity of defining Strategic Management. Select ONE of the “5 P’s” – (1) explain why you selected that particular concept, i.e., why do you believe it is important to the overall strategic management process and (2) explain whether that particular concepts requires more of a perspective of art or science from the strategic leaders point of view.

Here is my post to thetopic discussion:

The 5 P's of procedure are - Plan, Ploy, Pattern, Position, Perspective

As a Plan, procedure should be produced ahead of time and with reason.

As a Ploy, procedure is a methods for defeating the opposition.

With procedure as a Pattern, we figure out how to welcome that what was effective in the past can prompt accomplishment later on.

With Position, procedure is about how the association identifies with its aggressive condition, and what it can do to make its items one of a kind in the commercial center.

Point of view underlines the considerable impact that hierarchical culture and aggregate reasoning can have on vital basic leadership inside an organization.

The P that is essential to general key administration process is "Position".

"Position" is an essential method to characterize a technique. In alternate words, it relies upon how you choose to position yourself in the commercial center. Along these lines, methodology causes you investigate the best-fit between your association and your condition, and it encourages you to build up a reasonable upper hand in the market.

This is critical in light of the fact that, without knowing your situation in showcase, you can't begin chipping away at your shortcoming and begin enhancing them, improving you qualities, investigating your chances and remain careful about the potential dangers. (Mintzberg, H. , 1987)Henceforth, position as a system is vital in general key administration process.

Here is our conversation:

My classmate: What Mintzberg is saying is that a firm can see itself solely as its position in the market place. This is true in highly competitive markets. For example, Delta Airline positions itself as the largest in the US and a global competitor whereas Ryan Air positions its a the low cost provider on air travel in Europe. These respective positions simplify the world for both firms because it limits the amount of stuff they need to worry about.

My reply: I actually agree partially, but when we talk about position in strategy, we should understand what the organization thinks about its position in the market. Position here is not a relative term, rather it is the place that the organization has made for itself. For example if we look at Apple we will see that the position apple has in the industry is something everyone wants to achieve. Apple also formulate its strategy based on the position it holds in the market because Apple is aware that a minor mistake will make them lose the position it has reached. Hence, rather than considering it as something relative, position can be considered as the place where an organization understands and evaluates and distinguishes it from the total industry.

My classmate response: Remember that Mintzberg's 5 P's are simply different definitions of strategy. He doesn't argue that strategic managers choose one over the other but that students of strategy, like you and me, can use any one of the P's to understand what a firm is doing strategically. Using Apple as an example, I would suggest that Pattern fits their behavior well. Apple is driven by product innovation, be it Apple Music, iPhone X or iMacs. We can see a pattern repeated where Apple develops new products, marketing buzz is created, the product is launched in scarcity and demand is generated. That is a consistent pattern and while it's long term viability can be disputed, it worked in the past and they will continue this pattern until it losses utility. I hope this makes sense, if not continue the conversation.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93103656

Have any Question?


Related Questions in Operation Management

1 compute the takt time minutes per unit for a system given

1. Compute the takt time (minutes per unit) for a system given the following data: There are 4 worker(s) per shift with one worker's total time per shift of 450 minutes. There is/are 3 shift(s), and workers are given two ...

1 how does mcdonalds handle their expatriate managers and

1. How does Mcdonalds handle their expatriate managers and does McDonalds have any expat issues or challenges? 2. Is technical standards important in the (Kroger) supermarket chain industry? if so waht are they? 3. Is Kr ...

It can be said that the most important talent management

It can be said that the most important talent management challenge that managerial positions face is identifying employees with managerial ability and training and developing those skills. Identify the factors related to ...

Case studyformal essay formattyped double-spaced and

Case Study: Formal Essay Format: Typed, double-spaced, and written in 3rd person only (i.e., he, she, it, one, etc.) (no I, me, we, or you) utilizing APA or MLA format. If references are used, citations and bibliography ...

Prominent leadersuse the ashford library to research a

Prominent Leaders Use the Ashford Library to research a prominent leader, living or deceased, who you admire. Explain whether the leader's style is transactional or transformational. What type of leadership characteristi ...

Assignmentcreate a communication plan as a change leader to

Assignment Create a communication plan as a change leader to help manage communication about the organizational change identified in the Organizational Change Process Learning Team project. Address the following when des ...

1 is it really just-in-time if you the consumer can buy any

1. Is it really "just-in-time" if you the consumer can buy any color Toyota right from the dealer’s car lot? Or buy any Apple iPod in any model or color right off the shelf at Best Buy? Why or Why not? 2. Explain and def ...

1 suppose you own a candy bar manufacturing business and

1. Suppose you own a candy bar manufacturing business and you read that 30% of food manufacturing employees eat more than their hourly wage while on the job! You have 30 employees. Calculate the probability that four or ...

I need help with this question below with a 400 words

I need help with this question below, with a 400 words summary with body and 2 - 3 references, How would you summarize the main point of the Activities Contributing to effective Change Management in Organizational Change ...

1 reducing turnover by improving work conditions and

1. Reducing turnover by improving work conditions and improving benefits packages can reduce a projected labor shortage. True False 2. One disadvantage to using observations as part of a job analysis is that the observer ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As