The Perspective and Emergent Approaches to Strategic Management Essay

The Perspective and Emergent Approaches to Strategic Management - attempt ExampleWhenever an organization succeeds in terms of profitability and productivity, it is usually assumed to rescue effective strategies. simply the authorisation of the scheme for a prolonged time remains dubious. Strategies are developed by the counseling with the support of logical approach, analytical activities, and experiences. Present day management researchers added another agent to the above-mentioned ingredients of strategy making, i.e. the dynamic nature of the business environment which keeps on changing. The changing nature of business environment influences the effectiveness of the strategies and brings differences in its output (Murray, Poole & Jones, 2005, p.168).The have report is an attempt to analyze the different views of researchers on strategical formulation and its associated factors. In a broader sense, the study discusses Prescriptive and Emergent approaches to strategy formula tion and their suitability in the present day business organizations.Irrespective of suggested views and arguments on the concept of strategic management, organizations as well as academicians have agreed on the core concept which describes the conversion of organizational resources into needs of unsatisfied customers keeping a profit which satisfies the long-term objectives of the stockholders. The debate among the researchers is regarding the methods, models, system, or processes which could be used to achieve the core objective of strategy. The approaches for strategic planning, irrespective of the methods, models, and processes used to execute the plan can be classified into four generalized approaches as General Electric/Ansoff /McKinsey approach, Management by objective approaches, Business policy approach, and Non-strategic approach.