What is business strategy, corporate strategy, and corporate governance.

1) Explain why these strategies are important to us.

2) Reflect on the learning of the strategic management using your personal experience. You can ask yourself these questions:

3) Explain which is your preferred strategy and provide justifications.

4) Write advantages and disadvantages of these three strategies.

5) what are the implications on environment and society related to the strategic management concepts and reflect how as a manager you are planning to address the implications on environment and society.

6) Evaluate the strategies used by any companies that are relevant to the concepts you chose. You can use any company in business world and their strategies as illustration. For instance, Walmart uses cost-leadership as its business strategy and it proves it is effective in developing its competitive advantage; whereas JetBlue attempted to use Blue Ocean Strategy and it turns out it ended up stuck in the middle.