Discuss the following questions: 1. How can value-chain analysis help identify a

Discuss the following questions:
1. How can value-chain analysis help identify a company’s strengths and weaknesses?
2. According to Porter, what determines the level of competitive intensity in an industry?
Of Porter’s Five Forces, which force has the greatest influence on whether an industry would be profitable? Why? Give examples for the local market.
3. When does a corporation need a board of directors? Distinguish between the roles of the board of directors, shareholders, top manager, and CEO. What is the relationship between corporate governance and social responsibility?
4. Briefly explain the statement, “Settling accounting standards is a political process”.
Notes:
– Maximum number of words for all questions: 1500 words.
– Using the terminology developed in the course of strategic management will be highly valued.
– Your answers MUST include at least 7 outside references (other than the slides and textbook) using a proper referencing style (APA).
– Using references from SDL will be highly valued.