Research a company with stockholder reports available. These reports can usually be found on a company's website. Use the report to answer the following questions:

• What is (are) the main industry(ies) in which the company competes?
• What business-level strategy does the company seem to be pursuing in this industry? Why?
• What corporate-level strategies is the company pursuing? Why?
• Have there been any major changes in its strategy recently? Why?