Strategic Management and Business Policy

by Wheelen, Tom; Hunger, J. David

Edition:

9th

ISBN13:

9780131421790

ISBN10:

0131421794

Format:

Hardcover

Pub. Date:

1/1/2004

Publisher(s):

Pearson College Div

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Summary

This comprehensive book offers an engaging look into new and traditional strategic management topics. Its thorough coverage helps readers develop an understanding of the wide range of theories and research available in this field--from competitive strategy and industry analysis to environmental trends and ethics. Integration of international issues throughout provides an essential understanding of global economics and its impact on business activities in any location. KEY TOPICS" 43 timely and well-researched corporate cases examine real companies at all stages of development. For directors of strategic planning, competitive intelligence analysts, and strategic planners.

Preface

xxv

PART ONE Introduction to Strategic Management and Business Policy

(50)

Basic Concepts of Strategic Management

(24)

The Study of Strategic Management

(3)

Phases of Strategic Management

(1)

Benefits of Strategic Management

(1)

Globalization and Electronic Commerce: Challenges to Strategic Management

(2)

Impact of Globalization

(1)

Impact of Electronic Commerce

(1)

Global Issue: Regional Trade Associations Replace National Trade Barriers

(1)

Theories of Organizational Adaptation

(1)

Creating a Learning Organization

(1)

Basic Model of Strategic Management

(7)

Environmental Scanning

(1)

Strategy Formulation

(5)

Strategy Implementation

(1)

Evaluation and Control

(1)

Feedback/Learning Process

(1)

Initiation of Strategy: Triggering Events

(2)

Internet Issue: Triggering Event at Sun Microsystems

(1)

Strategic Decision Making

(4)

What Makes a Decision Strategic

(1)

Mintzberg's Modes of Strategic Decision Making

(1)

Strategic Decision-Making Process: Aid to Better Decisions

(3)

Impact of the Internet on Strategic Management

(3)

Corporate Governance and Social Responsibility

(26)

Corporate Governance: Role of the Board of Directors

(9)

Responsibilities of the Board

(2)

Members of a Board of Directors

(1)

Theory As It Applies: Agency Theory Versus Stewardship Theory in Corporate Governance

(2)

Nomination and Election of Board Members

(1)

Organization of the Board

(1)

Trends in Corporate Governance

(1)

Corporate Governance: The Role of Top Management

(2)

Responsibilities of Top Management

(2)

Social Responsibilities of Strategic Decision Makers

(3)

Responsibilities of a Business Firm

(2)

Corporate Stakeholders

(1)

Ethical Decision Making

(4)

Global Issue: Unethical Practices at Enron and WorldCom Exposed by ``Whistleblowers''

(1)

Some Reasons for Unethical Behavior

(1)

Encouraging Ethical Behavior

(2)

Impact of the Internet on Corporate Governance and Social Responsibility

(7)

Internet Issue: Governments Act to Protect Society by Regulating the Internet

(5)

Part Ending Video Case: Newbury Comics, Inc.

(1)

PART TWO Scanning the Environment

(57)

Environmental Scanning and Industry Analysis

(29)

Environmental Scanning

(8)

Identifying External Environmental Variables

(6)

Global Issue: Identifying Potential Markets in Developing Nations

(1)

Identifying External Strategic Factors

(1)

Industry Analysis: Analyzing the Task Environment

(10)

Porter's Approach to Industry Analysis

(4)

Industry Evolution

(1)

Categorizing International Industries

(1)

International Risk Assessment

(1)

Strategic Groups

(1)

Strategic Types

(1)

Hypercompetition

(2)

Using Key Success Factors to Create an Industry Matrix

(1)

Competitive Intelligence

(1)

Forecasting

(2)

Danger of Assumptions

(1)

Useful Forecasting Techniques

(1)

Synthesis of External Factors---EFAS

(1)

Impact of the Internet on Environmental Scanning and Industry Analysis

(6)

Internet Issue: Competitor Information Available on the Internet

(4)

Internal Scanning: Organizational Analysis

(28)

A Resource-Based Approach to Organizational Analysis

(3)

Using Resources to Gain Competitive Advantage

(1)

Determining the Sustainability of an Advantage

(2)

Value Chain Analysis

(3)

Industry Value Chain Analysis

(1)

Corporate Value Chain Analysis

(2)

Scanning Functional Resources

(13)

Basic Organizational Structures

(1)

Corporate Culture: The Company Way

(1)

Strategic Marketing Issues

(1)

Global Issue: ABB Uses Corporate Culture as a Competitive Advantage

(1)

Strategic Financial Issues

(1)

Strategic Research and Development (R&D) Issues

(3)

Strategic Operations Issues

(2)

Strategic Human Resource Management (HRM) Issues

(2)

Strategic Information Systems/Technology Issues

(1)

Internet Issue: The Growing Global Internet Economy

(1)

The Strategic Audit: A Checklist for Organizational Analysis

100

(1)

Synthesis of Internal Factors: IFAS

101

(1)

Impact of the Internet on Internal Scanning and Organizational Analysis

102

(6)

Part Ending Video Case: Newbury Comics, Inc.

106

(2)

PART THREE Strategy Formulation

108

(83)

Strategy Formulation: Situation Analysis and Business Strategy

108

(28)

Situational Analysis: SWOT Analysis

109

(5)

Generating a Strategic Factors Analysis Summary (SFAS) Matrix

110

(2)

Finding a Propitious Niche

112

(1)

Global Issue: SAB Defends Its Propitious Niche

113

(1)

Review of Mission and Objectives

114

(1)

Generating Alternative Strategies Using a TOWS Matrix

114

(1)

Business Strategies

115

(16)

Porter's Competitive Strategies

117

(9)

Cooperative Strategies

126

(4)

Internet Issue: Business to Business at Cisco Systems

130

(1)

Impact of the Internet on Business Strategy

131

(5)

Strategy Formulation: Corporate Strategy

136

(28)

Corporate Strategy

137

(1)

Directional Strategy

138

(13)

Growth Strategies

138

(3)

Theory As It Applies: Transaction Cost Economics Analyzes Vertical Growth Strategy

141

(2)

International Entry Options

143

(1)

Global Issue: Wal-Mart Enters International Markets

144

(2)

Controversies in Directional Growth Strategies

146

(1)

Stability Strategies

146

(2)

Retrenchment Strategies

148

(3)

Portfolio Analysis

151

(5)

BCG Growth-Share Matrix

151

(2)

GE Business Screen

153

(1)

International Portfolio Analysis

154

(1)

Advantages and Limitations of Portfolio Analysis

155

(1)

Corporate Parenting

156

(3)

Developing a Corporate Parenting Strategy

156

(1)

Parenting-Fit Matrix

157

(2)

Horizontal Strategy and Multipoint Competition

159

(1)

Impact of the Internet on Corporate Strategy

159

(5)

Internet Issue: Global Online Population

160

(4)

Strategy Formulation: Functional Strategy and Strategic Choice

164

(27)

Functional Strategy

165

(12)

Core Competencies

165

(1)

The Sourcing Decision: Where Should Functions Be Housed?

166

(2)

Marketing Strategy

168

(1)

Financial Strategy

169

(1)

Research and Development (R&D) Strategy

170

(1)

Operations Strategy

171

(1)

Global Issue: International Differences Alter Whirlpool's Operations Strategy

172

(1)

Purchasing Strategy

173

(1)

Logistics Strategy

174

(1)

Internet Issue: Staples Uses Internet to Replenish Inventory from 3M

175

(1)

Human Resources Management (HRM) Strategy

175

(1)

Information Systems Strategy

176

(1)

Strategies to Avoid

177

(1)

Strategic Choice: Selection of the Best Strategy

177

(7)

Constructing Corporate Scenarios

178

(5)

Process of Strategic Choice

183

(1)

Development of Policies

184

(1)

Impact of the Internet on Functional Strategy

185

(6)

Part Ending Video Case: Newbury Comics, Inc.

190

(1)

PART FOUR Strategy Implementation and Control

191

(86)

Strategy Implementation: Organizing for Action

191

(26)

Strategy Implementation

192

(1)

Who Implements Strategy?

193

(1)

What Must Be Done?

194

(3)

Developing Programs, Budgets, and Procedures

194

(2)

Achieving Synergy

196

(1)

How Is Strategy to Be Implemented? Organizing for Action

197

(12)

Structure Follows Strategy

197

(1)

Stages of Corporate Development

198

(3)

Organizational Life Cycle

201

(1)

Internet Issue: The Founder of the Modem Blocks Transition to Stage II

202

(2)

Advanced Types of Organizational Structures

204

(3)

Reengineering and Strategy Implementation

207

(1)

Designing Jobs to Implement Strategy

208

(1)

Theory As It Applies: Designing Jobs with the Job Characteristics Model

209

(1)

International Issues in Strategy Implementation

209

(3)

Stages of International Development

210

(1)

Centralization Versus Decentralization

210

(1)

Global Issue: FedEx Provides the Infrastructure for Companies to Become Global

211

(1)

Impact of the Internet on Organizational Design and Structure

212

(5)

Strategy Implementation: Staffing and Directing

217

(24)

Staffing

218

(7)

Staffing Follows Strategy

219

(2)

Selection and Management Development

221

(1)

Problems in Retrenchment

222

(2)

International Issues in Staffing

224

(1)

Leading

225

(10)

Managing Corporate Culture

225

(4)

Action Planning

229

(2)

Management By Objectives

231

(1)

Total Quality Management

232

(1)

International Considerations in Leading

232

(2)

Global Issue: Cultural Differences Create Implementation Problems in Merger

234

(1)

Impact of the Internet on Staffing and Leading in Organizations

235

(6)

Static Intranet Applications

235

(1)

Dynamic Intranet Applications

236

(1)

Internet Issue: Virtual Teams Use the Net to Operate at Long Distance

236

(1)

Advantages and Disadvantages of Intranets

237

(4)

Evaluation and Control

241

(36)

Evaluation and Control in Strategic Management

243

(1)

Measuring Performance

243

(13)

Appropriate Measures

243

(1)

Types of Controls

243

(2)

Activity-Based Costing

245

(1)

Primary Measures of Corporate Performance

246

(2)

Internet Issue: ``Eyeballs'' and ``MUUs'': Questionable Performance Measures

248

(4)

Primary Measures of Divisional and Functional Performance

252

(2)

International Measurement Issues

254

(1)

Global Issue: The Impact of Piracy on International Trade

255

(1)

Strategic Information Systems

256

(1)

Enterprise Resource Planning (ERP)

256

(1)

Divisional and Functional IS Support

257

(1)

Problems in Measuring Performance

257

(2)

Short-Term Orientation

258

(1)

Goal Displacement

258

(1)

Guidelines for Proper Control

259

(1)

Strategic Incentive Management

260

(2)

Using the Strategic Audit to Evaluate Corporate Performance

262

(1)

Impact of the Internet on Evaluation and Control

262

(15)

Strategic Audit of a Corporation

265

(9)

Part Ending Video Case: Newbury Comics, Inc.

274

(3)

PART FIVE Other Strategic Issues

277

(64)

Strategic Issues in Managing Technology and Innovation

277

(24)

Role of Management

278

(2)

Environmental Scanning

280

(4)

External Scanning

280

(3)

Internal Scanning

283

(1)

Resource Allocation Issues

283

(1)

Strategy Formulation

284

(6)

Global Issue: Impact of R&D on Competitive Advantage in China

285

(1)

Product Versus Process R&D

285

(1)

Technology Sourcing

286

(2)

Importance of Technological Competence

288

(1)

Product Portfolio

289

(1)

Strategy Implementation

290

(4)

Developing an Innovative Entrepreneurial Culture

290

(1)

Organizing for Innovation: Corporate Entrepreneurship

291

(3)

Evaluation and Control

294

(2)

Internet Issue: Software Company Challenges Hackers to Attack Its Product

295

(1)

Impact of the Internet on Managing Technology and Innovation

296

(5)

Strategic Issues in Entrepreneurial Ventures and Small Businesses

301

(23)

Importance of Small Business and Entrepreneurial Ventures

301

(3)

Global Issue: Entrepreneurship: Some Countries Are More Supportive Than Others

302

(1)

Definition of Small-Business Firms and Entrepreneurial Ventures

303

(1)

The Entrepreneur as a Strategist

303

(1)

Use of Strategic Planning and Strategic Management

304

(4)

Degree of Formality

304

(1)

Usefulness of Strategic Management Model

305

(1)

Usefulness of Strategic Decision-Making Process

305

(3)

Issues in Corporate Governance

308

(1)

Issues in Environmental Scanning and Strategy Formulation

309

(4)

Sources of Innovation

309

(2)

Factors Affecting a New Venture's Success

311

(1)

Internet Issue: Web Site Provides Local Business a Global Presence

312

(1)

Issues in Strategy Implementation

313

(3)

Substages of Small Business Development

313

(2)

Transfer of Power and Wealth in Family Businesses

315

(1)

Issues in Evaluation and Control

316

(2)

Impact of the Internet on Entrepreneurial Ventures and Small Businesses

318

(6)

Strategic Issues in Not-For-Profit Organizations

324

(17)

Why Not-For-Profit?

325

(1)

Global Issue: Which Is Best for Society: Business or Not-For-Profit?

326

(1)

Importance of Revenue Source

326

(3)

Sources of Not-For-Profit Revenue

327

(1)

Patterns of Influence on Strategic Decision Making

327

(2)

Usefulness of Strategic Management Concepts and Techniques

329

(1)

Impact of Constraints on Strategic Management

329

(3)

Impact on Strategy Formulation

330

(1)

Impact on Strategy Implementation

331

(1)

Impact on Evaluation and Control

332

(1)

Popular Not-For-Profit Strategies

332

(3)

Strategic Piggybacking

332

(1)

Mergers

333

(1)

Strategic Alliances

333

(2)

Impact of the Internet on Not-For-Profit Organizations

335

(6)

Taxation

335

(1)

Improvement of Government Services

335

(1)

Impact on Other Not-For-Profit Organizations

336

(1)

Internet Issue: The Not-For-Profit Organizations That Rule the Internet

336

(5)

PART SIX Introduction to Case Analysis

341

Suggestions for Case Analysis

341

The Case Method

342

(1)

Researching the Case Situation

342

(1)

Financial Analysis: A Place to Begin

342

(6)

Analyzing Financial Statements

343

(3)

Common-Size Statements

346

(1)

Z-Value, Index of Sustainable Growth, and Free Cash Flow

346

(1)

Useful Economic Measures

347

(1)

Global Issue: Why Consider Inflation in Case Analysis?

348

(1)

Format for Case Analysis: The Strategic Audit

348

(3)

Impact of the Internet on Case Analysis

351

Finding a Company's Web Site

351

(1)

Internet Issue: Top 10 Internet Scams

352

(1)

Using a Search Engine

352

(1)

Finding More Information

352

(3)

Resources for Case Research

355

(2)

Suggested Case Analysis Methodology Using the Strategic Audit

357

(4)

Example of Student-Written Strategic Audit

361

PART SEVEN Cases in Strategic Management

Corporate Governance, Social Responsibility, and Ethics

The Recalcitrant Director at Byte Products, Inc.: Corporate Legality Versus Corporate Responsibility

(1)

Dan R. Dalton

Richard A. Cosier

Cathy A. Enz

The Wallace Group

(1)

Laurence J. Stybel

The Audit

John A. Kilpatrick

Gamewell D. Gantt

George A. Johnson

Strategic Management and Business Policy

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