Strategic Management and Business Policy : Concepts and Cases

by Wheelen, Thomas L.; Hunger, David L.

• ISBN13: 9780131494596
• ISBN10: 0131494597
• Edition: 10th
• Format: Hardcover
• Copyright: 2008-01-01
• Publisher: Pearson College Div

Summary

For undergraduate strategy/strategic management courses. Wheelen and Hunger takes a unique approach to helping students synthesize all of the factors of the strategic process through a student friendly Strategic Management Model.

Table of Contents

Preface	p. xxix
Introduction to Strategic Management and Business Policy	p. 1
Basic Concepts in Strategic Management	p. 1
The Study of Strategic Management	p. 3
Globalization and Electronic Commerce: Challenges to Strategic Management	p. 6
Theories of Organizational Adaptation	p. 8
Creating a Learning Organization	p. 9
Basic Model of Strategic Management	p. 10
Initiation of Strategy: Triggering Events	p. 18
Strategic Decision Making	p. 20
The Strategic Audit: Aid to Strategic Decision Making	p. 23
Conclusion	p. 24
Strategic Audit of a Corporation	p. 26
Corporate Governance	p. 34
Role of the Board of Directors	p. 36
The Role of Top Management	p. 48
Conclusion	p. 52
Ethics and Social Responsibility in Strategic Management	p. 55
Social Responsibilities of Strategic Decision Makers	p. 56
Ethical Decision Making	p. 61
Conclusion	p. 68
Part Ending Video Case: Newbury Comics, Inc.	p. 70
Scanning the Environment	p. 71
Environmental Scanning and Industry Analysis	p. 71
Environmental Scanning	p. 73
Industry Analysis: Analyzing the Task Environment	p. 82
Competitive Intelligence	p. 92
Forecasting	p. 95
The Strategic Audit: A Checklist for Environmental Scanning	p. 97
Synthesis of External Factors-EFAS	p. 97
Conclusion	p. 99
Competitive Analysis Techniques	p. 101
Internal Scanning: Organizational Analysis	p. 104
A Resource-Based Approach to Organizational Analysis	p. 106
Business Models	p. 110
Value-Chain Analysis	p. 111
Scanning Functional Resources and Capabilities	p. 114
The Strategic Audit: A Checklist for Organizational Analysis	p. 129
Synthesis of Internal Factors	p. 129
Conclusion	p. 131
Part Ending Video Case: Newbury Comics, Inc.	p. 134
Strategy Formulation	p. 137
Strategy Formulation: Situation Analysis and Business Strategy	p. 137
Situational Analysis: SWOT Analysis	p. 138
Review of Mission and Objectives	p. 143
Generating Alternative Strategies by Using a TOWS Matrix	p. 144
Business Strategies	p. 145
Conclusion	p. 161
Strategy Formulation: Corporate Strategy	p. 163
Corporate Strategy	p. 164
Directional Strategy	p. 165
Portfolio Analysis	p. 179
Corporate Parenting	p. 183
Conclusion	p. 185
Strategy Formulation: Functional Strategy and Strategic Choice	p. 188
Functional Strategy	p. 189
The Sourcing Decision: Location of Functions	p. 198
Strategies to Avoid	p. 201
Strategic Choice: Selecting of the Best Strategy	p. 201
Developing Policies	p. 208
Conclusion	p. 209
Part Ending Video Case: Newbury Comics, Inc.	p. 212
Strategy Implementation and Control	p. 213
Strategy Implementation: Organizing for Action	p. 213
Strategy Implementation	p. 214
Who Implements Strategy?	p. 215
What Must Be Done?	p. 216
How Is Strategy to Be Implemented? Organizing for Action	p. 219
International Issues in Strategy Implementation	p. 232
Conclusion	p. 236
Strategy Implementation: Staffing and Directing	p. 238
Staffing	p. 240
Leading	p. 248
Conclusion	p. 258
Evaluation and Control	p. 261
Evaluation and Control in Strategic Management	p. 263
Measuring Performance	p. 263
Strategic Information Systems	p. 278
Problems in Measuring Performance	p. 279
Guidelines for Proper Control	p. 282
Strategic Incentive Management	p. 283
Conclusion	p. 285
Part Ending Video Case: Newbury Comics, Inc.	p. 288
Other Strategic Issues	p. 291
Strategic Issues in Managing Technology and Innovation	p. 291
The Role of Management	p. 293
Environmental Scanning	p. 295
Strategy Formulation	p. 299
Strategy Implementation	p. 305
Evaluation and Control	p. 309
Conclusion	p. 312
Strategic Issues in Entrepreneurial Ventures and Small Businesses	p. 316
Importance of Small Business and Entrepreneurial Ventures	p. 317
Use of Strategic Planning and Strategic Management	p. 319
Issues in Corporate Governance	p. 324
Issues in Environmental Scanning and Strategy Formulation	p. 325
Issues in Strategy Implementation	p. 330
Issues in Evaluation and Control	p. 334
Conclusion	p. 335
Strategic Issues in Not-For-Profit Organizations	p. 338
Why Not-For-Profit?	p. 340
Importance of Revenue Source	p. 341
Impact of Constraints on Strategic Management	p. 344
Not-for-Profit Strategies	p. 347
Conclusion	p. 350
Introduction to Case Analysis	p. 353
Suggestions for Case Analysis	p. 353
The Case Method	p. 355
Researching the Case Situation	p. 355
Financial Analysis: A Place to Begin	p. 356
Format for Case Analysis: The Strategic Audit	p. 361
Conclusion	p. 363
Resources for Case Research	p. 365
Suggested Case Analysis Methodology Using the Strategic Audit	p. 368
Example of a Student-Written Strategic Audit	p. 371
Endnotes	p. 376
Cases in Strategic Management	p. 1
Corporate Governance and Ethics: Question of Executive Leadership	p. 1
The Recalcitrant Director at Byte Products, Inc.: Corporate Legality Versus Corporate Responsibility	p. 3
The Wallace Group	p. 1
Environmental Issues: Questions of Social Responsibility and Ethics
The Audit	p. 1
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