Identify and Discuss the Criticisms of the Traditional Strategic Planning

question 66

Essay

Identify and discuss the criticisms of the traditional strategic planning process and why it is useful to view strategy as an emergent process.

Understand the concept of functional (constructive) conflict and its benefits.

Recognize the causes and development stages of conflict.

Distinguish between felt conflict and perceived conflict.

Identify conflict antecedents and their role in conflict development.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that one individual's consumption of the good does not reduce its availability to others and cannot be confined to paying customers only.

Private Goods

Describes products that are excludable and rivalrous, meaning their use by one individual prevents use by another.

Private Consumptions

Expenditure by households and individuals on goods and services for personal use, excluding purchases by businesses or government.

Pareto Optimal

A resource distribution paradigm where it's unattainable to ameliorate the situation of one individual without diminishing that of another.