Nobody downloaded yet

Compare and contrast the potential advantages and disadvantages of the formal rational approach to strategy development - Essay Example

Comments (0) Cite this document
Its scope that follows an up to down structure has advantages and disadvantages that should be considered before its implementation.
Three main features define the formal…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Compare and contrast the potential advantages and disadvantages of the formal rational approach to strategy development
Read TextPreview

Extract of sample "Compare and contrast the potential advantages and disadvantages of the formal rational approach to strategy development"

Download file to see previous pages The approach is also structural with a top to down hierarchy for decision making and assumption of responsibility. While middle level managers implement decisions in the approach, full responsibility remains with the top organs of an organization’s structure. Developed strategies, from the approach, are also detailed, and cover wide scopes. One of the advantages of such a bureaucratic approach is cost effectiveness that arises from the organization because only necessary steps and necessary personnel are involved in the strategic development process. This makes it affordable and allows for utilization of saved resources in other areas of an organization’s needs. The formal approach is also associated with efficiency that could arise from focus on a few individuals in the process and continuous involvement of the individuals in the process, a factor that identifies benefits of specialization. Efficiency promises quality decisions for effective strategies towards supporting desired objectives. Related to the efficiency advantage is the speed with which the formal approach can yield desired strategies. with well defines structures and specific and specialized personnel, the decision making at the different stages of the approach are faster and are therefore able to respond to emergency needs. Other advantages of the bureaucratic approach are its stability and continuity. These are because the formal structure eliminates possible barriers such as internal resistance and it is easy to replace a member of decision-making team for sustainability of a strategy development process or a developed strategy.
One of the disadvantages of the formal rational approach is its concentration of power in the hands of a few people, and this could be risky if the individuals lack necessary competence or have conflict of interest. The bureaucratic scope of the approach ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Compare and contrast the potential advantages and disadvantages of the Essay”, n.d.)
Compare and contrast the potential advantages and disadvantages of the Essay. Retrieved from
(Compare and Contrast the Potential Advantages and Disadvantages of the Essay)
Compare and Contrast the Potential Advantages and Disadvantages of the Essay.
“Compare and Contrast the Potential Advantages and Disadvantages of the Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Compare and contrast the potential advantages and disadvantages of the formal rational approach to strategy development

Assistive Technology: Advantages and Disadvantages be an interesting topic since it involves human computer interaction at an extensive degree. One can get to study about the different modes in which technology is helping humanity. This paper discusses the research questions and the hypotheses of the research regarding the advantages and disadvantages of usage of assistive technologies by children with disabilities. The research questions and hypothesis will provide a direction for the research study and help in maintaining focus on few important aspects of the respective domain. 2. Process of the Development of Research Questions and Hypothesis There are numerous forms of assistive technologies in the market that are directed towards...
3 Pages(750 words)Essay

Recommendation: its advantages and disadvantages

...for provision for depreciation would help to reduce the likely uncertainties of the company. Though the company still subtracts the accumulated provisions, it will benefit by reducing any possible losses (Bebbington, Gray & Laughlin, 2001, P. 187). Advantages and Disadvantages of the Recommendations Every accounting principle applied in any business unit has its own advantages and disadvantages, and depreciation is no exception. However, most companies have realized that the advantages indeed outdo the disadvantages. Advantages Increased accuracy in accounting for business assets; though depreciation is mostly termed as...
4 Pages(1000 words)Essay

Critical or Formal Approach

... “Big Two Hearted River” by Ernest Hemingway Nature is in this account acts as a tool possessing immense healing power forall human beings. In the story, Nick who is the main character returns home from the WWI haunted by numerous traumatizing experiences and horrors of the war. Due to long exposure to active warfare, he suffers from shell shock and uses the forest as a way of healing and forgetting atrocities he witnessed while at the warfront. In this case, forest environment offers him both quietness and calmness he wants contrary to former traumatizing battlefields characterized by machine guns, bombs and tankers. The phrase, “There was no town, nothing but the rails and the burned-over country “ symbolizes both burned... “Big Two Hearted ...
3 Pages(750 words)Essay

Business Organisation and Policy

...Running Head: BUSINESS ORGANISATION AND POLICY Business Organisation and Policy s Business Organisationand Policy Abstract This paper sets out to determine the importance of environmental factors on business strategy, fundamentally the differences between 3 forms of strategy, namely the planned corporate strategy, business planning and policy making and scenario planning and the implementation of policy development in regards to business planning within the strategies. In accordance with this, the advantages and disadvantages of these strategic thought in relation to the development of primary/core...
10 Pages(2500 words)Essay

Compare and Contrast Integrated and Subjective Approach

...the education of little children. And the UK is no different. Thus, it is only fair that the builders of the future societies of any nation are well looked after, especially in the area of primary education not only by the parents, but also by the schoolteachers, principals, and other related authorities. In the context of National Curriculum, Primary National Strategy and Curriculum Guidance for the Foundation Stage, the scope of this essay is to ponder upon, and make an attempt to answer the following questions: 1) How do you define Subjective and Integrated based curriculum? 2) What are the advantages and disadvantages of each approach with focus on the Key stage 1...
7 Pages(1500 words)Essay

Advantages and disadvantages of internet

...; hence, children encounter such sites effortlessly. Regardless of all of the horrible disadvantages of the Net, there seems to be numerous advantages as well. Actually, the advantages even prevail over the disadvantages. The most frequent thing the Internet is employed for is research. Kids as well as students are amongst the top individuals who make use of the Internet for research. Nowadays, it is almost necessary that students apply the Internet for their research. Entertainment happens to be another popular motive why many kids surf in to the Internet. Now we are able to communicate in a few seconds with a person who happens to be sitting or even working in the other section of the world. There are numerous messenger services...
1 Pages(250 words)Essay

Compare and contrast the advantages and disadvantages of joining a professional association general (Kjellberg, 2013). Opportunities to discover new techniques, job options, among others, are priceless advantages to group members (Kjellberg, 2013). The disadvantages, on the other hand, of joining these organizations are needless fees, consumes a lot of time, needless expenses, socializing takes the attention away from career development and also they create a lot of pressure to achieve highly among its members (Harvey et al., 2003). Most professional organizations need the reimbursement of yearly fees. There might also be the first application fee (Kjellberg, 2013). Whereas $100 does not appear to be much, it accumulates when the individuals joins the national and state...
1 Pages(250 words)Assignment

Advantages & Disadvantages of JavaScript

... Advantages & Disadvantages of JavaScript Introduction: JavaScript is a dynamic form of computer language which is used in the purpose of programming. JavaScript has emerged as a leading language that has been used frequently because of its feasibility to target audience. JavaScript had reached a new level of popularity after its adoption from Microsoft as a diverse language for scripting on client side. Due to increment in programming presently, deeper effects of JavaScript has been highlighted regarding its advantages and disadvantages (Quigley, 2004, p. 1). Advantages & Disadvantages of JavaScript: In order to enhance the...
2 Pages(500 words)Essay

Advantages & Disadvantages of Monsters

... humans to suffer. Their disadvantages in people’s lives are reputations preceding them. For example, the article asserts that these monsters cause insanity among other forms of misery. An evaluation of the abovementioned opinions that are considered as representative of several other positions, one might observe that most individuals do not still understand this kind of monster. Actually, several atheists might not perceive the actuality that spiritual monsters, also known as demons, are real. Thus, the perfect evaluation for the disadvantages and advantages of this kind of monsters can merely be advanced through the religious prism. Christianity indicates that there is no good thing that demons are able to bring into the life... down on...
4 Pages(1000 words)Essay

Psychoanalytic therapy advantages and disadvantages

...that is stressing enough for the society as a whole. It would require more monetary allocations as well as an increase in the health costs due to the effects of both trends (Wild, Ohmura, & Makowski, 2007). Their short lifetimes would mean that the more they are in the atmosphere, the more the dangers of the incurred losses and critical approaches needed to deal with such attributes. Eventually, the effects will have an economical attachment to them, and the globe will be incurring more costs and losses instead of working on other measures that could limit global warming (Kerr, 2007). Global warming is masked by global dimming. The real effects, therefore, are hard to ascertain since the effects of global warming are...
1 Pages(250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Compare and contrast the potential advantages and disadvantages of the formal rational approach to strategy development for FREE!

Contact Us