A systematic literature review of the strategic management theories of Henry Mintzberg and Peter Drucker
Thesis (MBA)--Stellenbosch University, 2012.
The ability of any business to survive is highly dependent on its ability to continuously sustain an advantage not only on its competitors, but also the constantly changing environment that it operates in. In our current global economy it is imperative that a company’s business leaders consistently make better decisions than their competitors to ensure that they survive, grow and maintain a healthy economical status. This can only be done through insight, knowledge, skill, experience and leadership – all of which is build up over time and hard work. It also highlights and questions the effect that management and strategic thinkers has had on the outcome of successful businesses. With an abundance of strategic theories, frameworks and books available, this research opted for an approach to understand the domain of strategic management by focusing on the theories and teachings of two significant thinkers of business strategy – Peter Drucker and Henry Mintzberg. The researcher conducted a structured and systematic review of existing literature and synthesised the information and results in this thesis. The researcher explored Drucker and Mintzberg’s views on strategic thinking, strategy planning, strategy process, innovation, entrepreneurship and the art of crafting strategy.