Learning Outcomes:

CLO$1-$ Recognize the basic concepts and terminology used in Strategic Management.

CLO$2-$Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations

CLO$5-$Demonstrate how executive leadership is an important part of strategic management.

Assignment Question$($s$)$: $(2\mathrm{.}5$ marks for each question$)$

$1.$ Why is strategic management important for a corporation's competitive advantage?

$2.$ How does strategic management typically evolve in a corporation? Give examples

$3.$ Why does a corporation need a board of directors? What is the relationship between corporate governance and social responsibility? Give examples from the actual market.

$4.$ Choose any corporation from the Saudi market and discuss the forces driving its industry competition $($review chapter $4-$slide $18).$