Discuss the below in a 100 words each:
Q1. What is a corporate strategy, and why is it important for small businesses to include a corporate strategy in their strategic plans?
Q2. What are the advantages and disadvantages of vertical integration and outsourcing, and how would a company choose one strategy over the other?
Q3. What steps need to be taken before implementing a strategic plan, why are activity time frames so important, and what role does activity sequencing play?