Why is strategic management important for a corporation

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Reference no: EM133771438

Learning Outcome 1: Recognize the basic concepts and terminology used in Strategic Management.

Learning Outcome 2: Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations

Learning Outcome 3: Demonstrate how executive leadership is an important part of strategic management.

Assignment Question(s):(2.5 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 actualmarket.

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

Reference no: EM133771438

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