In Chapter one, we learned how critical having a solid strategy plan in place is, and how such, when followed precisely, ensures a companys success and profitability. One could argue that a solid strategy plan is the blueprint that guides or should guide a companys step-by-step roadmap to competitive/comparative distinction within the marketplace; garner a stellar business reputation within ones industry, and community; profitability; and ultimately, survival. Good examples of such are Microsoft, Google, British Airways, Walmart, Amazon, Amex, Mastercard.

Corporate Governance (CG) is really about the interplay among top management, Boards of Director, stakeholders, shareholders and the assembly-line folks.

Question 1:

Describe the difference between employing a competitive advantage over your rivals to that of exercising a comparative advantage over such. Are they the same? Different? One is less important than the other? Your thoughts?

Question 2:

Why is it critical for a countrys strategic initiatives, at all levels of an organization, be tightly coordinated among senior management and rank-and-file? Fully discuss.

Question 3:

Using the principles espoused in this chapter, fully identify and discuss the five (5) Stages of the Strategy Formulation, Strategy Execution Process of which questions must be asked to gain a clear insight of your targeted countrys profitability/success.

Question 4:

One of the critical components of Corporate Governance is how effective Board of Directors truly are. Are they guiding the company towards the companys goals, or are they in place to earn millions of dollars in consulting fees? Whats your take on the value of Boards (incorporate principles of such discussed in the textbook)? And, talk to me about how one should go about assembling a Board to ensure a company success. Fully discuss.

Please help me to answer this fours question and find the reference for each question.