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Five (5) P'S of Strategy (Mintzberg)

The document discusses Henry Mintzberg's 5 P's of Strategy - Plan, Pattern, Position, Perspective, and Ploy. It defines each of the 5 P's and explains how they allow organizations to implement more effective strategies by considering different facets like organizational culture, competition, and future possibilities. The 5 P's should be used throughout the strategic planning process to provide relevant information, help test and evaluate strategies, and check for inconsistencies before implementation.

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Hazel Jane Mejia
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692 views3 pages

Five (5) P'S of Strategy (Mintzberg)

The document discusses Henry Mintzberg's 5 P's of Strategy - Plan, Pattern, Position, Perspective, and Ploy. It defines each of the 5 P's and explains how they allow organizations to implement more effective strategies by considering different facets like organizational culture, competition, and future possibilities. The 5 P's should be used throughout the strategic planning process to provide relevant information, help test and evaluate strategies, and check for inconsistencies before implementation.

Uploaded by

Hazel Jane Mejia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY

Old Nalsian Road, Nalsian, Calasiao, Pangasinan, Philippines 2418


Tel. No. (075)522-8032/Fax No. (075)523-0894/Website: www.philcst.edu.ph
ISO 9001:2015 CERTIFIED, Member: Philippine Association of Colleges and Universities (PACU),
Philippine Association of Maritime Institutions (PAMI)

FIVE (5) P’S OF STRATEGY (MINTZBERG)

This lesson describes the concept of the 5 P’s of Strategy by Henry Mintzberg in a
practical way. After reading you will understand the definition and basics of this
powerful strategy tool.

What are the 5 P’s of Strategy?


In 1987, the Canadian management scientist Henry Mintzberg distinguished five
visions for strategy for organizations. He calls them the 5 P’s of Strategy. They stand
for Plan, Pattern, Position, Perspective and Ploy. These five components allow an
organization to implement a more effective strategy. A strategy is aimed at the future,
concerns the long term and involves different facets of an organization. Competition
is always a factor, but it would be a mistake to develop strategies only aimed at
competitors. The strategies should also take into account the organizational culture
and the other possibilities and developments within an organization.

According to Mintzberg, developing a good strategy is difficult. With the help of the 5
P’s of Strategy, you can at least include as many different aspects as possible and
approach the strategy from different perspectives.

Plan
A strategy is a plan for dealing with situations. A plan has to be made before possible
actions are taken and it’s also important that the plan is followed consciously and
effectively. Goals can only be achieved with a good plan. They enable managers to
PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY
Old Nalsian Road, Nalsian, Calasiao, Pangasinan, Philippines 2418
Tel. No. (075)522-8032/Fax No. (075)523-0894/Website: www.philcst.edu.ph
ISO 9001:2015 CERTIFIED, Member: Philippine Association of Colleges and Universities (PACU),
Philippine Association of Maritime Institutions (PAMI)

give their teams clarity and work towards interim evaluations and final results.
However, a clear organizational strategy requires more than just a plan.

Pattern
Where making a plan is about the intended strategy, patterns are about strategies that
have been implemented before. On the one hand, there are strategies that achieved
their intended result. On the other hand, there are strategies that still have to be
worked out in more detail. For those, earlier patterns are an important part of
developing the new strategy. It’s about a regular pattern in the decision-making flow.
If certain choices have already been made in the past, an organization is likely to make
those decisions again in the future. In such cases, past behavior is a pattern that’s
included in strategy development. It’s about intentionally or unintentionally consistent
behavior displayed by employees and teams. Patterns are accepted without prejudice
by everyone. By becoming aware of such patterns within the organization, you are
able to include their strengths in developing a strategy.

Position
This is about the organization’s position in the market, the interaction between the
internal and external context. It’s important to consider carefully in advance how the
organization wants to position itself. What will its identity look like and does that match
the idea stakeholders have of the organization? This can contribute significantly to
developing a lasting competitive advantage. Considering the strategic position helps
against competitors and to give the organization a firm place in the market.

Perspective
Strategy is about more than the chosen position; it’s also about the larger perspective.
It’s important to find out how different target audiences perceive the organization. How
do the employees regard their employer? What do customers think of the
organization? What is their image among investors? All these individual perspectives
and thought patterns are a valuable source of information for the organization, which
they can use to make targeted strategic choices.

Ploy
It’s also a strategic choice to use a ploy. For instance, one that competitors don’t
expect. Organizations can surprise their environment by implementing a plan that
nobody saw coming. For instance, a phone service provider can mislead others by
suddenly also offering internet service and digital television. That puts them in
competition with other potential providers of those services. It’s a ploy to outsmart the
competition.

The 5 P’s of Strategy is a planning process


Of course, the Mintzberg 5 P’s of Strategy are part of an organization’s strategy, but
it’s also wise to look at the 5 P’s as separate standpoints that all need to be considered
for developing a strong and successful strategy. It’s useful to employ the 5 P’s
throughout the planning process. They provide relevant information necessary in the
initial stages of strategy development. When implementing the strategy, the 5 P’s of
PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY
Old Nalsian Road, Nalsian, Calasiao, Pangasinan, Philippines 2418
Tel. No. (075)522-8032/Fax No. (075)523-0894/Website: www.philcst.edu.ph
ISO 9001:2015 CERTIFIED, Member: Philippine Association of Colleges and Universities (PACU),
Philippine Association of Maritime Institutions (PAMI)

Strategy can help with testing, evaluation and possibly with making adjustments.
Finally, the 5 P’s of Strategy can be used as a final check of the developed strategy at
the end of the planning process, in order to discover if there are inconsistencies or if
anything is missing. Identifying problems during the planning phase can save an
organization a lot of money in the end.

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