Discuss the difference between Corporate Strategy and Business Strategy. Discuss what the different approaches are to gain vertical integration advantages and the cost and benefits of the various kind of value-added chain activities.

Write a one-page well-integrated essay (500 words maximum, excluding the title, reference pages, and appendices) to:

Discuss the difference between Corporate Strategy and Business Strategy.
Discuss what the different approaches are to gain vertical integration advantages and the cost and benefits of the various kind of value-added chain activities.
Discuss how an effective corporate strategy will help businesses establish competitive advantages in the global business environment.