Describe the business culture in Egypt.
Answer to relevant QuestionsStrengths and weaknesses should be determined relative to competitors, or by elements of being, or relative to a firm’s own objectives. Explain. As 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? What is a “retreat” and why do firms take the time and spend the money to have these? Why is it so important to integrate intuition and analysis in strategic management? What do you believe are some potential pitfalls or risks in using a strategic-management approach to decision making?
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