Compare the opossum and turtle to the woolly mammoth and saber tooth tiger in terms of being adept at adapting.
Answer to relevant QuestionsAs cited in the chapter, Edward Deming, a famous businessman, once said, “In God we trust. All others bring data.” What did Deming mean in terms of developing a strategic plan? Explain why internal strengths and weaknesses should be stated in divisional terms to the extent possible. What aspect of strategy formulation do you think requires the most time? Why? Give an example of a recent political development that changed the overall strategy of an organization. List four financial and four nonfinancial benefits of a firm engaging in strategic planning.
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