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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? (Read chapter one). Compare and contrast vision statements with mission statements in terms of composition and importance. (Read chapter two). Explain how to conduct an external strategic-management audit (External environment analysis). Support your answer with hypothetical example. (Read chapter three). After conducting an internal audit, a firm discovers a total of 100 strengths and 100 weaknesses. What procedures then could be used to determine the most important of these? Why is it important to reduce the total number of key factors? (Read chapter four). Dashen brewery is one of the most successful companies in the beer industry of Ethiopia. It is well….
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