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The requirements are 3600 words +/- 10% (not necessarily 16 pages) On average 7-10 references per question Question 1 A) – Porter and Kramer (2006) argue that “the prevailing approaches to CSR are so disconnected from business as to obscure many of the opportunities for companies to benefit society”. Critically discuss this statement focusing on the debate between the shareholder and stakeholder models of corporate governance in relation to the strategic purpose of organisations. B) – Using examples and support from wider reading, critically discuss the challenges for global companies of both maintaining legitimacy and ensuring financial performance through their CSR activities. Question 2 – A) – Porter (2008) and Kim and Mauborgne (2004) offer two differing views of the external business environment: Red Oceans and Blue Oceans. With reference to key authors and using examples, compare and contrast the two theoretical viewpoints. B) Using examples and support from wider reading, discuss the threat of substitutes in the UK supermarket retail sector, and what major companies in this industry are doing to deal with this competitive force. Question 3) A) – Critically discuss differences between synergy and responsiveness in corporate strategy, and illustrate your answer with reference to theory and practice. b) Using examples and support from wider readings, compare the strategic positioning of two different strategic business units in the UK cosmetics industry (e.g. Body Shop, Lush, etc.). How can they strengthen or change this positioning given the current global challenges and ethical issues affecting global supply chains?