BMGT 495 BMGT495 BMGT/495 Week 1 Learning Activity 2 (UMUC)

BMGT 495 BMGT495 BMGT/495 Week 1 Learning Activity 2 (UMUC)

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BMGT 495 Strategic Management Week 1 Learning Activity 2

In Section 1.1, “Defining Strategic Management and Strategy” in  “Chapter 1 “Mastering Strategy: Art and Science” of our textbook (2014), we learn that the changing factors within the environment in which most companies and/or organizations are operating have significantly impacted business (or organization) environments in recent decades. Professor Henry Mintzberg of McGill University in Montreal, articulated “the 5 P’s of strategy”. (Unknown, 2014, Ch.1, Sec.1.1., p.6) The “5 P’s of Strategy” capture the complexity of defining strategic management.

Please select ONE of the Mintzberg’s "5 P’s of Strategy”:

• Clearly explain why you selected that particular concept (that is, “Why do you believe it is important to the overall strategic management process?”)

• Support the rationale of your explanation by means of a focal company in an industry of your choice as the background information for your explanatory analysis.

• Explain whether that particular concept requires more of the perspective of an art or the perspective of a science, from the viewpoint of the strategic leaders of a focal company.

• Use the appropriate APA formatted scholarly reference sources and corresponding in-text citations in all your postings.