SEMCO

Module Title: Strategic Management

[Institute's Name]Module Title: Strategic Management

Introduction

Over time the main feature of characteristic of this world remain in the fact that nothing in it is constant. Every aspect and every phenomenon of the world is undergoing and experiencing constant change and evolution. This notion is applicable on every domain and arena present in this world, and the corporate arena is no exception in this regard. For past numerous decades the shifts and the change that have been witnessed in the specifications and facets of this arena are not less any marvel, for a naïve mind. Who would have thought a century ago, that practicality will soon be taken over by virtuality. The processes and procedures would be more reliable on digital forums than on the hard books of accounting and finance. This is the core facet and specification of the corporate world, which is under scrutiny in this assignment in context to the most articulated case study of strategic transition of Semco.

School Of Strategies

It is a common belief that success and triumph cannot be attained without the execution of a well planned strategy. Until unless a person or a team has a clear path stated to them to follow, for the achievement and attainment of specified objectives and goals, it is rather impractical and impossible to materialize the dream that would embark them on the roadway of success and triumph. Henceforth, the pathway or roadway of predetermined processes and procedures to follow, play a pivotal role in directing the team in a certain direction, enabling them to avoid straying away from the concrete course and the aspects which are going to lead them to the eventual triumph.

Bearing in mind the previously stated connotations, for a long time groups of numerous business strategist, belonging to different eras have devised and bought forward varying school of strategies, taking into account the specifications of the business arena of the respective era, and the endowments which the domain of science and technology had rendered. Henceforth, at this stage a naïve yet cognitive mind can articulate with sheer eloquence that in comparison to all the eras which the corporate arena has witnessed; the current period is not only extensively diverse, given the facets of the changing dynamics of the world (courtesy globlaisation), but is constantly experiencing change and advancement, due to the incessant progression of the field of technology. Therefore, the application of the school of strategies over the specification of this changing environment of modern corporate arena, apart from being an arduous task, is nothing less than a sheer challenge (Elangovan, 1998, pp. 301).

Prescriptive Schools And Descriptive Schools Of Strategy

As mentioned in the previous section, over time the corporate world had rendered numerous schools of thought, pertaining to the specifications and facets of each era. However, to be more specific in this regard, it is imperative to enunciate the fact that the core meaning or understanding of the term “school of strategy” in context to the domain of management, states ...