Why strategic management is important for a corporation’s competitive advantage

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).