Learning Outcomes:

CLO1- Recognize the basic concepts and terminology used in Strategic Management.

CLO2-Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations

CLO5-Demonstrate how executive leadership is an important part of strategic management.

Assignment Question(s):(2.5marksfor each question)

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

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

1. 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.

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

Notes:

• Your answers MUST include at leastfour scholarly peer-reviewed references, using a proper referencing style (APA).Remember that these scholarly references can be found in the Saudi Digital Library (SDL).
• Make sure to support your statements with logic and argument, citing all sources referenced.