BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The Prescriptive approach & electric strategic approach.
|
|
|
The Prewritten approach & emergent strategic approach.
|
|
|
The Prescriptive approach & emergent strategic approach.
|
|
|
The Prescriptive approach & emergent tactical approach.
|
Detailed explanation-1: -There are two approaches to strategic planning: prescriptive and emergent approaches. Both have advantages and are thus relevant to organisations depending on the business environment of a given organisation. In practice, there is no such a thing as a pure prescriptive or pure emergent approach.
Detailed explanation-2: -The four approaches to strategic management are Classical, Evolutionary, Systemic and Processual, each of which is described in detail below.
Detailed explanation-3: -The prescriptive approach places emphasis on planned and logical thought processes. It proposes the best way to develop and implement business strategies. The descriptive approach focuses on the need for organizations to examine the real-life realization of their strategies.
Detailed explanation-4: -A prescriptive approach to something involves telling people what they should do, rather than simply giving suggestions or describing what is done. [formal]
Detailed explanation-5: -There is a sharp distinction between emergent and prescriptive, emergent is not so strategic based and is learnt through the company’s mistakes, whereas prescriptive is completely strategically based and covers everything in the planning stages.