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Please amend the paper with the following analysis, I sent this information to u in lecture 1.

Henry Mintzberg’s 5P’s
So, what is “Strategic Management”?
1. It includes understanding the strategic position of an organisation (ANALYSIS):
External environment
Expectations/influence of stakeholders and purpose
Internal resources & competences
2. It includes making strategic choices for the future (CHOICE):
Corporate-level strategies (e.g. Scope, managing relationships, adding value/parenting)
Business-level strategies (e.g. Competitive advantage)
Developing strategy in terms of both direction and method (Suitability, Feasibility, Acceptability)
3. I includes turning strategy into action (IMPLEMENTATION)
Making sure strategy works effectively by:
Organising (e.g. Structure)
Enabling (e.g. Resources)
Managing Change


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