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Differences And Similarities Between Descriptive And Prescriptive Strategies

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Business

 

Written by:

Victor B

 

Date added:

May 21, 2016

 

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3 / 751

 

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What is usually done is most likely what can be done most realistically. However, when studied in more depth, these strategies have their differences. Differences The descriptive strategy is done based on past evidence. It is something that has been most likely done in the past. Unlike the descriptive strategy, the prescriptive strategy takes other factors into consideration while analyzing multiple criteria and conflicting objections...
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After this, then chooses what strategy would or could be done realistically based on the objectives previously listed. According to the prescriptive strategy, the second best decision might be more appropriate. The prescriptive approach includes an analysis of possible decisions around a chosen solution known as sensitivity analysis...
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