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Describe Piaget's cognitive developmental theory.
Transactive Strategy-making
A process in which strategy formulation is seen as a dynamic exchange between various stakeholders within and outside the organization.
Risk-taking Entrepreneurs
Individuals who start businesses or ventures by embracing uncertainty and potentially high risks in pursuit of innovation and profits.
Middle-level Managers
Individuals who manage the work of first-line managers and report to top-level management, playing a crucial role in implementing organizational policies and strategies.
Strategy Making
The process of developing and implementing plans or strategies to achieve organizational goals and objectives.
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