Part One: Step 1: Evaluate one business-level strategy that you deem most suitable for the corporation`s long-term success, providing specific evidence to justify your stance. Step 2: Assess one corporate-level strategy that you believe best contributes to the corporation`s long-term success, supported by specific evidence. Step 3: Analyze the competitive landscape to identify the corporation`s most formidable competitor. Compare the business and corporate-level strategies of both entities (your chosen corporation and its competitor). Based on the analysis, conclude which entity (your chosen corporation or its competitor) is poised for long-term success, backed by at least three pieces of evidence. Step 4: Determine if your chosen corporation or its main competitor would differ in slow-cycle and fast-cycle markets, supported by specific evidence. Utilize three or more credible sources, including your textbook, to substantiate your arguments. Select sources that are relevant and appropriate. Ensure each source cited on your reference page is referenced at least once in your assignment. (Note: Avoid citing Wikipedia and similar websites as academic resources)

Part Two: Senior executives and members of a corporation`s board of directors fulfill distinct roles and duties. Traditionally, executives oversee determining the firm`s strategic direction and implementing strategies to achieve it, while the board of directors oversees monitoring and controlling managerial decisions and actions. Some argue that boards should play a more active role in formulating a firm`s strategies. Respond to the following: How would increased board involvement in strategy selection impact a firm`s strategic competitiveness? What evidence would you present to support this perspective?"