The Assignment must be submitted on Blackboard (WORD format only) via allocated

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.

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

Assignment Question(s): (2.5 marks for each question)
Why is strategic management important for a corporation’s competitive advantage?
How does strategic management typically evolve in a corporation? Give examples
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.
Choose any corporation from the Saudi market and discuss the forces driving its industry competition (review chapter 4-slide 18).

Notes:
Your answers MUST include at least four scholarly peer-reviewed references, using a proper referencing style (APA). Remember that these scholarly references can be found in the Saudi Digital Library (SDL).
Make sure to support your statements with logic and argument, citing all sources referenced.

Answers

Answer-