Explain How Corporate Governance Mechanisms Are Used in the Strategic

question 15

Essay

Explain how corporate governance mechanisms are used in the strategic management process.Illustrate the role of each stakeholder with industry examples.

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Definitions:

Technology

Inventions or innovations from applied science or engineering research.

Applied Science

The discipline of applying existing scientific knowledge to develop more practical applications, such as technology or inventions.

Engineering Research

The systematic inquiry aimed at discovering new knowledge or applying existing knowledge in a new way, particularly in the field of engineering.

Internet of Things

The network of physical objects embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.