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Words: 1,900 | Submitted: Tue Aug 07 2007
... or plan that integrates an organisation's major goals, policies and action sequences into a cohesive whole. A well formulated strategy helps to marshal and allocate an organisation's resources into a unique and viable posture based on its internal competencies and shortcomings, anticipated changes in the environment and contingent moves by intelligent opponents." (Mintzberg et al. 2003) Most strategic writers agree that there are various ways in which organisations can develop their strategies, however, much will be dependent on the nature of the organisation, the culture and political landscape of the firm in addition to the external environment. Much debate (Mintzberg, Johnson and Scholes; Grant) has taken place between the planned and intended strategic direction and the actual emergent strategic direction that takes place. How well a firm realises its intended direction will often depend on how close the "strategic fit" of plans, resources, culture and the external environment. Strategy is ...
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