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

Why has strategic management become so important to today’s corporations and how does it typically evolve in a corporation? 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? Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment. How can value-chain analysis help identify a company’s strengths and weaknesses? 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? Why are many strategic alliances temporary?

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