Learning Outcomes:
1. Recognize the basic concepts and terminology used in Strategic Management (CLO1)
2. Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations (CLO2)
3. Demonstrate how executive leadership is an important part of strategic management (CLO5).

Assignment Question(s): Discussion Questions

1. Why has strategic management become so important to today’s corporations and how does it typically evolve in a corporation? (3 marks)
2. What is the relationship between corporate governance and social responsibility? Are people living in a relationship-based governance system likely to be unethical in business dealings? (3 marks)
3. Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment. (3 marks)
4. How can value-chain analysis help identify a company’s strengths and weaknesses? (2 marks)
5. What are the advantages and disadvantages of being a first mover in an industry? Give some examples of first mover and late mover firms. Were they successful? (2 marks)
6. Why are many strategic alliances temporary? (2 marks)