In addition to their descriptions, discuss the differences and similarities between them.Prepare a document that addresses the question As usual, include a cover sheet with the title, your name and the submission date. Cite authoritative references and list them on the References page. Double space the document with 1-inch margins using a true-font face type, no larger than 12-point. Needs to be long enough to adequately answer the question. Running head: APPROACHES TO CORPORATE STRATEGY Approaches to Corporate StrategyNameInstitution 1 APPROACHES TO CORPORATE STRATEGY 2 Approaches to Corporate StrategyCorporate strategy refers to…