Recent developments in the field of Strategic Management place significant emphasis on elements that are traditionally not included in the SWOT (SCP and RBV-VRIO) schools of thought. Particularly the work regarding institutions, ethical behavior, corporate social responsibility, and issues on demand-side elements, all seem to be useful for effective strategic planning-implementation-and evaluation. With these considerations, discuss, compare and outline the contributions of the main elements as they relate and expand the VRIO and SCP approaches to strategic management. Provide specific examples to support your argumentation. Your answer must not exceed three double spaced typed pages.