Strategic Management in Skilled Based Institutions

According to Mintzberg (2005) "Organizations are complex phenomena and managing them is a difficult, nuanced business, requiring all sorts of tacit understanding that can only be gained in context". Strategy is seen as a means of direction and scope that helps to channel the course for organizations to achieve a competitive advantage in its changing environment. There is precise definition of strategy. The term strategy is often used in a variety of ways to explain the decisions and actions organizations pursue. In skilled based institutions Strategy planning and implementation helps to boost business of the institutions Volberda (2005) has explained strategy in a way that this field is replete with competing prescriptions and directives with regard to successful performance.
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