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Why has strategic management become so important to today’s corporations and how does it typically evolve in a corporation?

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Why has strategic management become so important to today’s corporations and how does it typically evolve in a corporation? (3 marks)
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)
Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment. (3 marks)
How can value-chain analysis help identify a company’s strengths and weaknesses? (2 marks)
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)
Why are many strategic alliances temporary? (2 marks)
Notes: 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.
You answers should not exceed 1500 words.

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