Mintzberg's 5Ps of Strategy

The video explains Mintzberg's 5 Ps of strategy: Plan, Ploy, Pattern, Position, and Perspective. Each P represents a different approach to how strategies can emerge within an organization. A plan involves formal strategic planning, a ploy focuses on competitive maneuvers, a pattern relies on past successful practices, a position is about market placement, and a perspective is shaped by organizational thinking and core competencies.

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