What Are the Pitfalls in Strategic Planning That Management in an Organization

question 47

Essay

What are the pitfalls in strategic planning that management in an organization should watch out for or avoid? Identify any five pitfalls.

Understand the principles of reward allocation and their impact on performance.

Describe cognitive dissonance and its effects on individual behavior.

Comprehend the emotional aspect of attitudes and its impact on job performance.

Explain the concept of emotional labor and its necessity in specific jobs.

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Definitions:

Freight Costs

Costs a company bears to move merchandise from one location to another.

Purchased Merchandise

Goods acquired by a business for the purpose of reselling them to final consumers.

Discount Period

A set time frame during which a discount is offered on payments made for goods or services.

Accounts Receivable

Due payments from customers to a firm for products or services that have been delivered but not settled.