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.
Nobody downloaded yet

Prescriptive Approach to Business Strategy Formulation - Essay Example

Comments (0) Cite this document
This essay explores various aspects of the practical application of the prescriptive strategies in modern management. Prescriptive strategy implies that the objectives are stated in advance and the critical elements of the strategy have been formulated before the implementation of the strategy…
Download full paperFile format: .doc, available for editing
Polish This Essay93.3% of users find it useful
Prescriptive Approach to Business Strategy Formulation
Read TextPreview

Extract of sample
"Prescriptive Approach to Business Strategy Formulation"

Download file to see previous pages This essay describes main characteristics of the prescriptive approach to business strategy and compares it with the emergent approach. The present day business environment is largely characterized by the large scale fluctuations and turbulence in the business environment. This has called for an immediate need for business organizations to develop a strategic framework that seeks to generate competitive advantage.
Prescriptive strategy is largely being rated by scholars and business strategists as a top down approach. Prescriptive strategies are usually framed by the top management and are largely applicable in stable business environments. These strategies are increasingly employed when customers have low bargaining power and it is easy to predict customer’s moves and motives. This strategy therefore cannot be used in times of turbulence. Since the top management is the sole decision maker in the prescriptive strategy making process hence the decision maker is segregated from the target market that makes these strategies largely ineffective in turbulent and fluctuating business environment. Prescriptive strategies normally are effective during stable conditions when the situations are largely stable and the market behavior can be easily analyzed.
While prescriptive strategies may be beneficial in times of stable business environments however the emergent strategy framework with its bottom up approach and flexible nature scores well above the prescriptive approach in times of turbulence in the business markets. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Prescriptive Approach to Business Strategy Formulation Essay”, n.d.)
Retrieved from https://studentshare.org/management/1428741-prescriptive-approach-to-business-strategy-formulation
(Prescriptive Approach to Business Strategy Formulation Essay)
“Prescriptive Approach to Business Strategy Formulation Essay”, n.d. https://studentshare.org/management/1428741-prescriptive-approach-to-business-strategy-formulation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Prescriptive and Emergent Strategic Planning
From this research it is clear that in spite of the mixed observations, it is still worth noting that strategic planning still plays significant role in helping achieve organizational objectives. It provides a sketch upon which the realized strategies will be based to help keep a particular course of direction. However, the planners must allow change to occur and be ready to learn and adapt to the changes.
10 Pages(2500 words)Essay
Strategy Formulation
Strategy formulation follows strategy management, during which it will be decided upon which strategy and actions should be undertaken in order to achieve the set objectives within the organization thusly fulfilling the purpose of said organization. The preparation of strategy formulation lies in the external and internal analyses, which are needed along with documentation of the assignment, objectives, visions and goals.
5 Pages(1250 words)Essay
Compare and contrast the prescriptive and descriptive schools of strategy using relevant business examples to support your analy
(1998), he theorised nine different schools in strategic thinking that are categorised into two broad schools: the prescriptive and descriptive. In this essay, the student aims to illumine the similarities and differences of the said schools of strategy, and offer insights and perspectives through an exposition of actual examples, alongside pertinent business literatures.
6 Pages(1500 words)Essay
'Compare and contrast the intended and emergent approach to strategic management' and compare this to Dixons
11, PP 171-195. Mintzbergy is of the idea that strategy formulation is carefully though process. He offers the design school of strategy that entails appraising the internal and external market environment. The article is geared at guiding managers and academician in understanding organisational strategy formulation.
3 Pages(750 words)Essay
Strategy Formulation
Altria is a worldwide corporation with international recognition of its brands and hefty returns on its products. Banking on the opportunity provided by the early success of Philip Morris, Altria took a chance and explored the world by distributing its products worldwide due to the recessing US economy.
6 Pages(1500 words)Essay
Strategy Formulation
Thus it’s clear that strategic management is all about defining, setting and achieving long term objectives of the organization. In the process the business organization might fail in its efforts to successfully implement long term
2 Pages(500 words)Essay
Business Administration class Strategy Formulation
The three stages have to be consecutively done to ensure strategic management as a whole becomes successful (QuickMBA, 2010). The three stages of Strategic management have to be combined for the whole process to be successful and
3 Pages(750 words)Essay
Prescriptive & Emergent Strategies
It is notable that there are various aspects on both of these strategies that are effective in the current economic climate. Focus should be made to ensure that they are not mutually exclusive. There is possibility for a company to adopt both strategies successfully.
9 Pages(2250 words)Essay
Strategy Formulation & Business Decision
Also the existing organisational structure of NH Hotels revealed a gap between the operations and other functional segments of the company and hence a communication network for aligning
10 Pages(2500 words)Essay
Strategy Formulation

The factors that might contribute to the failure to take phone messages are as follows: (1) importance of noting phone messages were not appropriately understood (presentation and completeness); (2) heavy workload (channels); (3) inability to multi-task (prioritizing); and (4) communication barriers (medium and mode) (Root, 2015).

1 Pages(250 words)Essay
Let us find you another Essay on topic Prescriptive Approach to Business Strategy Formulation for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us