Mintzberg's Five Ps

Mintzberg's Five Ps provide different perspectives on strategy. They are: 1. **Plan**: A deliberate approach to achieving specific goals. 2. **Ploy**: A tactic or maneuver used to outsmart competitors. 3. **Pattern**: Consistent behaviors or actions over time that reveal an underlying strategy. 4. **Position**: How a company places itself in relation to its market and competitors. 5. **Perspective**: The organization’s culture and worldview influencing its strategies. Together, these elements illustrate the complexity of strategy beyond just formal planning, highlighting the dynamic and multifaceted nature of organizational decision-making.