According to Henry Mintzberg, the realized strategies of a firm
a combination of deliberate and emergent strategies
Henry Mintzberg is a prominent management expert who has made notable contributions to the field of strategic management. According to Mintzberg, realized strategies refer to the actual path that an organization takes and the course of action it follows, despite the intended strategy formulated by its leaders. In other words, realized strategies are the actual strategies that a company implements and the course of action it takes to achieve its goals.
It is important to note that while an organization might formulate a well thought out and detailed strategy, the strategy is not always executed as planned once implemented. Instead, factors such as changes in the external environment, the availability of resources, and the actions of competitors, among others, can influence how a firm chooses to act.
Mintzberg emphasizes the importance of understanding a company’s realized strategies since it allows firms to gain a better understanding of how things are done in the organization. Additionally, by understanding the realized strategies, organizations can identify where gaps exist between what was planned and what was executed, and work to bridge these gaps.
In sum, realized strategies are the actual actions taken by an organization to achieve its goals, and an understanding of these strategies is crucial for effectively managing the firm.
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