Mintzberg's Planning School of Strategy

The video explains the planning school of strategy development, one of Henry Mintzberg's ten schools of thought. It emphasizes formal planning processes, where strategy is developed through structured steps, checklists, and objectives. The chief executive holds overall responsibility, while planners execute the procedural planning. The strategy is implemented with strict controls and monitoring to ensure objectives are met. The planning school is contrasted with the design school, highlighting its formal approach and the role of immediate subordinates in strategy development.

What are some key elements involved in the traditional planning processes mentioned in the text?

How does the planning school differ from the design school of management?