B300 TMA02 Essay Example | Topics and Well Written Essays - 1750 words

B300 TMA02 - Essay Example Whereas the earlier playing field was politics, government and fiefdom, the current stage is one of business and industry. The new science of management is no different from the old art of governance Mintzberg (1998) has described that rational process of analysis and planning takes a backseat and hard bargaining is the ploy used by corporate elites for obtaining strategic and tactical advantages. It is exercise of raw power that moves and prevails on decisions. Indeed the icons of industry are becoming cult figures and are aggrandized as the new architects of strategy. These leaders and managers who engage in strategy are closely involved in directing resources towards organizational goals that they have set. They use innovative technologies and make impact on society and its norms. In an earlier article Mintzberg and Winters (1985) have described five kinds of strategies deployed by leaders. They have named their models as, emergent, intended, deliberate, realized and unrealized. It is logically explained that the emergent strategy is a response to an opportunity and is a highly localized event. The intended one is more rationalized and a result of specific situations that require specific planning. The deliberate strategy is an extension of intended ones but more broadly conceived as a process that will result in either creating new strategies or will be able to face new challenges. The realized strategy is the culmination of the final deliberate strategy and the unrealized is the one that emerges as a different strategy when meeting new challenges. In fact these five strategies as the spectrum that demonstrates the two extremes and what lies between them when strategies are planned and are useful to the extent that they show the intensity of the strategy evolution process. However the authors say that there are still several types of strategies that lie between these extremes. 1. The