Questions$)1.$ Explain the formal strategic planning process. Name each step in the process and describe the specific activities included in each step and the relationship between the steps. $2.$ Identify and describe the four building blocks of competitive advantage. Provide an example of each using a real company situation. $3.$ Identify and discuss the general ways in which companies can increase their profitability and profit growth through global expansion. $4.$ Strategic alliances and outsourcing are two alternatives to vertical integration. What are the advantages and disadvantages of each compared to vertical integration? What can managers do to eliminate or reduce the risks? $5.$ Business ethics are concerned with accepted principles of right or wrong governing the conduct of businesspeople. Identify and discuss the common examples of unethical decisions that businesspeople have made.