Evaluate.

question 38

Essay

Evaluate. .

Understand the concept and importance of strategic planning in businesses.

Recognize the role of environmental analysis in strategic planning.

Comprehend the ethical considerations in management and the impact of ethical leadership.

Identify opportunities arising from sociocultural trends for small businesses.

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Definitions:

Power Balance

The distribution of influence or control among parties in a relationship or situation, affecting dynamics and outcomes.

Social Institutions

Structured systems and frameworks within society that govern the behavior and expectations of individuals.

Polarized Conflict

A situation where opposing parties have drastically different views or stances, leading to extreme division.

Channels of Communication

The mediums through which information is transmitted from one party to another.