I have a writing friend (local) who is very enthusiastic about Jerry Cleaver's "Immediate Fiction" writing course, and he says Cleaver pushes this point a lot, though Cleaver uses slightly different terms:How to write in 3 lines:
Act One—Get your protagonist up a tree.
Act Two—Throw rocks at him.
Act Three—Get him down.
Want
Obstacle
Action.
Actually, it's pretty obvious (or should be; sometimes writers forget). Then again, the Real World is never that simple.
Personally, I'm skeptical of any formulaic approach to writing, since it could lead to -- well, writing that comes off as being formulaic (and therefor monotonous). We need to maintain flexibility, and sometimes we need to introduce story elements that don't resolve directly, but can add interest in sort of an oblique way. To make our fictional world seem believable, we have to pattern it off of the Real World by introducing some randomness.
I'm skeptical of Cleaver, because, as near as I can tell, "Immediate Fiction" is the only book he's ever gotten published. To his credit, he created The Writers' Loft in Chicago, which seems to have a good reputation.