The former involves identifying the main elements of a strategy and its desired goal at the beginning of the planning process. With the latter approach, the desired goals are not predetermined. Instead, they evolve as the various steps in planning are completed.
The outcome of successful strategic planning is a competitive advantage, for the profitable growth of the organization. The two approaches are Prescriptive approach and Emergent approach. The prescriptive approach view considers the process of strategic planning more formal.
It considers that the future can be predicted, and decisions can be made for the long term.
The main disadvantage of an emergent strategy is that it isn’t predictable, and therefore can’t be planned. In other words, emergent strategy occurs as part of the ongoing organizational activity. Importance And Disadvantage Of Prescriptive Strategy And Emergent Strategy. STRATEGIC HUMAN RESOURCE MANAGEMENT By examples, illustrate the prescriptive view of strategy in your organization or any organization known to you and show whether it is working, how it can be improved and your role in making the improvement. Introduction The concept of corporate strategy . Media and Elections. The media are essential to democracy, and a democratic election is impossible without media. A free and fair election is not only about the freedom to vote and the knowledge of how to cast a vote, but also about a participatory process where voters engage in public debate and have adequate information about parties, policies, candidates and the election process itself in.
Setting the direction of the company, and then strict adherence to those decisions by the top management is the only way to achieve success in strategic planning.
It ensures the direction of the company is towards its achieving the mission and goals set earlier. Emergent school of thought, neglects this approach, and contends that today organizations ability to learn and adapt provides the truly sustaining competitive advantage.
Companies should create flexible strategic plans, and then, amend it from time to keep it alive and meaningful. It takes tactful approach to exploit the opportunities tin the environment.
Emergent approach to strategic planning is also criticized for making the strategic planning a short term activity. Which can confuse the employees, eat up resources of the firm and create ambiguity in the mission of the organization.
This essay presents the two approaches and highlights their merits and demerits. Presents examples of firms following such approaches and results they obtained. Discussion The central aim of strategic planning is to achieve a competitive advantage for higher profits.
The business environment is very dynamic, and company needs to adapt to changing competitive environment for survival and growth. The focus of a strategic plan is on medium to long-term operations of a business, which means the time period of three, five or even up to ten years.
The strategy is actually the basic pillar on which business plan is established. In order to add another business within the current business, the strategy behind the new business must be in line with the overall strategy of exiting business.
The marketing strategy is either made implicit in the strategic plan or an explicit subsection of it. All businesses have a strategy whether in implicit or explicit form. The simplest strategy of a business is the rationale behind doing the business.
However, in a large organization, it has become a detailed formal process with a specialized department for it. Sometime strategy is made a part ofFor deliberate strategies such as planned and imposed strategies, it can be argued that this approach has the advantage of clarity of purpose as opposed to emergent strategies; in other words, where management’s intentions are clearly and explicitly spelt out, it becomes easier for actors to understand, identify and work towards a common .
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Graph of the Cumulative Total of Law and Neuroscience Publications: An Emergent Strategy On the otherhand, the emergent strategy, as the name suggests occurs by chance or happens within the organisation without any long term planning.
It occurs from the day to day decisions made to run the company at the tactical and routine level of the company. Performing in the increasingly unpredictable and complex business environment, many organisations are forced to be more flexible and adaptive to change.
In practice, the strategies of most companies are probably a combination of the prescriptive and the emergent (Hill and Jones, ). ASSISTED COLONIZATION is the intentional movement and release of an organism outside its indigenous range to avoid extinction of populations of the focal species..
ECOLOGICAL REPLACEMENT is the intentional movement and release of an organism outside its indigenous range to perform a specific ecological function.. See the 3-fold chart immediately below for distinctions between three forms of.
An exploration of the nature and history of capitalism. Global capitalism, colonies and Third-World economic realities.