Foundations in Strategic Management

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  • Edition: 5th
  • Format: Paperback
  • Copyright: 2009-09-18
  • Publisher: South-Western College Pub
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Examine the most important theories and views in strategic management today with the concise, yet complete coverage in this valuable text. Harrison/St. John's Foundations in Strategic Management, 5e addresses the most recent changes in today's business environment, including many topics that other strategic management texts often miss. Unforgettable examples from many of today's leading firms build upon and bring to life this book's strong traditional foundation in strategic management theory. You'll find the latest information on strategizing in today's global arena as well as more on contemporary ethics in business.

Table of Contents

The Strategic Management Processp. 2
Strategy in Focus: IBMp. 3
What is Strategic Management?p. 4
External and Internal Environmental Analysisp. 4
Strategic Leadership and Strategic Directionp. 6
Business and Corporate Strategy Formulationp. 7
Strategy Implementation and Controlp. 8
Strategy Restructuringp. 9
Alternative Perspectives on Strategy Developmentp. 9
Determinism versus Enactmentp. 9
Deliberate versus Emergent Strategy Formulationp. 10
The Resource-Based View of the Firmp. 11
Stakeholder Analysis and Managementp. 12
Global Strategic Managementp. 14
A Combined Approachp. 15
Strategic Thinking and Entrepreneurshipp. 16
Key Points Summaryp. 18
Referencesp. 18
The External Environmentp. 22
Strategy in Focus: Chinap. 23
The Broad Environmentp. 25
Sociocultural Forcesp. 25
Economic Forcesp. 27
Technological Forcesp. 28
Political/Legal Forcesp. 29
The Task Environmentp. 30
Competitive Forcesp. 30
Customersp. 30
Suppliersp. 32
Existing Competitorsp. 32
Potential Competitors/Entry Barriersp. 33
Indirect Competitors/Substitutesp. 35
Other Factorsp. 35
Using the Five Forces Analysisp. 36
Partnerships and Social Networksp. 36
Global Business Environmentsp. 40
Evaluating a Foreign Investment Environmentp. 40
Competitive Advantages of Nationsp. 41
Key Points Summaryp. 42
Referencesp. 43
Organizational Resources and Competitive Advantagep. 46
Strategy in Focus: Amazon.comp. 47
The Strategic Value of Internal Resources and Capabilitiesp. 48
Sustainable Competitive Advantagep. 48
Resource Interconnectednessp. 50
Human Resourcesp. 51
Physical Resourcesp. 53
Financial Resourcesp. 54
Knowledge and Learning Resourcesp. 56
General Organizational Resourcesp. 57
Resource Analysis and the Development of Strategyp. 59
Value Chain Analysisp. 59
Key Points Summaryp. 61
Referencesp. 62
Strategic Leadership and Strategic Directionp. 64
Strategy in Focus: Colgate-Palmolivep. 65
Strategic Leadershipp. 66
Primary leadership Responsibilitiesp. 66
Effective Strategic Leadersp. 67
Top Management Teamsp. 68
Corporate Governance and Agencyp. 69
Strategic Directionp. 71
Influences on Strategic Directionp. 72
Organizational Mission and Vision Statementsp. 74
Business Definitionp. 75
Organizational Values and Purposep. 76
Key Points Summaryp. 82
Referencesp. 83
Business-Level Strategiesp. 86
Strategy in Focus: Wal-Martp. 87
Generic Business-Level Strategiesp. 89
Differentiationp. 89
Low-Cost Leadershipp. 90
High Capacity Utilizationp. 91
Economies of Scalep. 91
Technological Advancesp. 91
Experience Effectsp. 92
Best Costp. 93
Focusp. 94
Competitive Tacticsp. 95
Growth Strategiesp. 95
Offensive Tacticsp. 96
Aggressive Competitionp. 96
First-Mover Advantagesp. 97
Defensive Tacticsp. 97
Threat of Retaliationp. 97
Barriers to Imitationp. 97
Collaborative Tacticsp. 98
Political Tacticsp. 98
Avoidance (Blue Ocean) Tacticsp. 99
Strategic Flexibilityp. 99
Interdependence of Generic and Competitive Strategiesp. 100
Strategies in an International Contextp. 100
International Growth Tacticsp. 100
Busines-Level Strategies in Multiple International Marketsp. 101
Changes in Strategy Over Timep. 103
Key Points Summaryp. 106
Referencesp. 107
Corporate Strategiesp. 110
Strategy in Focus: Tata Groupp. 111
Development of Corporate Strategyp. 112
Single Business/Concentrationp. 113
Vertical Integrationp. 114
Diversification Strategiesp. 116
Unrelated Diversificationp. 116
Related Diversificationp. 117
Diversification Methodsp. 119
Internal Venturesp. 119
Mergers and Acquisitionsp. 120
Strategic Alliances and Joint Venturesp. 122
Portfolio Managementp. 124
Boston Consulting Group Matrixp. 124
The General Electric Business Screenp. 126
Key Points Summaryp. 128
Referencesp. 128
Strategy Implementationp. 132
Strategy in Focus: Hewlett-Packardp. 133
Functional Strategiesp. 134
Marketing Strategyp. 135
Operations Strategyp. 138
Research and Development Strategyp. 139
Human Resources Strategyp. 139
Financial Strategyp. 140
Information Systems Strategyp. 141
Organizational Structurep. 142
Standard Structural Formsp. 143
More Complex Structuresp. 146
Foreign Subsidiariesp. 147
Organizational Culture and Energyp. 148
Fostering Innovation and Entrepreneurshipp. 149
Key Points Summaryp. 151
Referencesp. 152
Strategic Control and Restructuringp. 154
Strategy in Focus: U.S. Bank Regulationp. 155
Strategic Control Systemsp. 156
Feedback Controlsp. 158
Establishment of Broad Goalsp. 160
Identification of Key Result Areasp. 160
Establishment of Specific Targets and Time Framesp. 161
Assignment of Responsibilityp. 161
Development of an Action Planp. 161
Accountability and Reviewp. 162
Concurrent Controlsp. 162
Feedforward Controlsp. 163
Comprehensive Strategic Control Systemsp. 164
Strategic Restructuringp. 166
Refocusing Corporate Assetsp. 167
Retrenchmentp. 168
Reorganizationp. 168
Leveraged Buyoutsp. 169
Structural Reorganizationp. 170
Dealing with Economic Cyclesp. 170
Key Points Summaryp. 172
Referencesp. 173
Appendix Preparing a Strategic Analysisp. 176
Structuring an Environmental Analysisp. 177
Industry Analysisp. 177
External Stakeholders and the Broad Environmentp. 178
Factors that Influence Demand and Cost Structuresp. 178
Strategic Issues Facing the Industryp. 180
Structuring an Organizational Analysisp. 181
Evaluation of the Internal Environmentp. 181
Identification of Resources and Capabilitiesp. 182
Evaluation of Strategiesp. 182
Identification of Sources of Competitive Advantagep. 182
Developing a Strategic Planp. 183
Strategic Direction and Major Strategiesp. 183
Evaluation of Opportunities and Recommendationsp. 184
Implementation and Controlp. 186
A Note to Studentsp. 186
Indexp. 188
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