1.Write an essay to address the following questions: (1) What makes Arm so successful in the past 30 year? – What are its business-level strategies and business model? – Does Arm have competitive advantages? What are them if so? And how did it acquired those competitive advantages? – You should do your analysis considering it is in the high-tech industry and have a global scope. – What are its functional-level strategies? How do them align with its business-level strategies? (2) What are the challenges and opportunities Arm is facing in its future business? And what do you suggest Arm to address those challenges and opportunities? (3) What are the strategies you recommend for Arm to maintain its competitive position and keep high growth? font Calibri and size no larger than 14.