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.$$Assignment Question$($s$)$: $(2\mathrm{.}5$ marks for each question$)1.$ Why does a corporation need a board of directors? $$What is the relationship between corporate governance and social responsibility? Give examples from the actual market.$2.$ 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 least four scholarly peer$-$reviewed references, using a proper referencing style $($APA$).$Mgt$401$ Strategic management