Question

Research done by Henry Mintzberg suggests that strategy formulation

A) is typically an irregular and a discontinuous process.
B) should be followed unswervingly to ensure success of the plan.
C) is a process to which organizations find they must make significant yearly changes.
D) should be reviewed after a specific interval of time to make sure it is still applicable.
E) is merely a checklist of actions following a logical process.

Answer 1

Henry Mintzberg's research implies that strategy formulation is an irregular and discontinuous process, necessitating flexibility and frequent reviews in strategic planning. Businesses must adapt to changes and incorporate various problem-solving strategies.

Step-by-step explanation:

Research conducted by Henry Mintzberg suggests that strategy formulation is typically an irregular and a discontinuous process. This means that the development of strategy is not a linear, predictable path but rather involves a complex set of actions that can vary greatly over time. It often requires adaptation to new information and changes in the environment, which can render plans obsolete if they are too rigidly adhered to. Mintzberg's work underscores the importance of flexibility and continuous review in strategic planning. For instance, in the business world, a company might initially establish a strategic plan but find it necessary to adjust their course due to unexpected market shifts, emerging technologies, or changes in consumer behavior.

While there is no one-size-fits-all approach to strategic planning, some problem-solving strategies include trial and error, formal outlines, freewrite, and algorithms. Each approach has its own merits and is suitable for different kinds of problems and scenarios. It is important for those in strategic roles to be open-minded and adaptable, recognizing that a strict adherence to a fixed plan is not always beneficial.