Business and Marketing Coursework

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I need this question to be answered in 6th edition APA format with a minimum of 200 words. Textbook should be used as source material for response. All sources used must be referenced; paraphrased and quoted material must have accompanying citations.
The book is Concepts in Strategic Management and Business Policy Globalization, Innovation and Sustainability. Fourteenth Edition
Thomas L. Wheelen, J. David Hunger, Alan N. Hoffman, and Charles E. Bamford
What are corporate scenarios? What three steps should be followed?