Strategic Management An Integrated Approach

by Hill, Charles W. L.; Jones, Gareth R.

• ISBN13: 9780618641628
• ISBN10: 0618641629
• Edition: 7th
• Format: Hardcover
• Copyright: 2006-02-08
• Publisher: South-Western College Pub

Summary

This leading strategy text presents the complexities of strategic management through up-to-date scholarship and hands-on applications. Authors Charles Hill and Gareth Jones--both highly regarded in the management field--integrate cutting-edge research, rising trends in strategy, and hot topics such as corporate performance, governance, strategic leadership, technology, and business ethics through both theory and cases. Most of the chapter-opening and chapter-closing cases are new, and the authors have either replaced or substantially revised all Strategy in Action boxes. The Seventh Edition also contains a new Running Case on Wal-Mart, introducing relevant aspects of the company's strategy and performance to reinforce the practical application of key concepts and to illustrate how successive chapter topics tie together. In addition to numerous examples and hands-on activities, several new technology resources support instructors and enhance the learning experience for students. This edition features a total of 35 high-quality cases covering small, medium, and large companies (domestic and international). Some of the companies and industries highlighted include Toyota, GM, Satellite Radio (XM vs. Sirius), the music industry, Staples, Charles Schwab, and Hewlett Packard. New! Web-based Micromatic Management Simulation Game offers a complete capstone business experience, challenging students to make business decisions they will face as managers. Designed for graduate- and undergraduate-level courses, Micromatic presents real-world scenarios from pricing and budgeting to sales and operations. With its easy-to-use interface and comprehensive customer service program, Micromatic provides a dynamic, competitive learning environment with superior technical support. New! The HMXChange Business Case Database allows instructors to assemble, maintain, and update casebooks from any computer with an Internet connection. The result is a printed casebook tailored to meet specific course goals. New! The Eduspace online learning tool pairs the widely recognized resources of Blackboard with quality, text-specific content from Houghton Mifflin. Eduspace makes it easy for instructors to create all or part of a course online. Auto-graded homework exercises, tests, tutorials, and supplemental study materials all come ready-to-use. New! Both the theory and case portions of the book now feature a four-color design to enhance student interest.

Table of Contents

Preliminary Contents

Note: Each chapter begins with an Overview, and concludes with a Summary of Chapter and Discussion Questions

Introduction to Strategic Management

Strategic Leadership: Managing

The Strategy Making Process for Competitive Advantage

Opening Case: Wal-Mart Strategic Leadership, Competitive Advantage, and Superior

Performance Strategic Managers

The Strategy Making Process Strategy in Action

Strategic Planning at Microsoft Strategy as an Emergent Process

Strategy in Action

A Strategic Shift at Microsoft Strategy in Action

The Genesis of Autonomous Action at 3M

Strategic Planning in Practice

Strategic Decision Making

Strategy in Action

Was Intelligence on Iraq Biased by Groupthink?

Strategic Leadership

Practicing Strategic Management

Small-Group Exercise: Designing a Planning System

Strategic Management Project: Module 1

Exploring the Web: Visiting 3M; General Task

Closing Case: Shattered Dreams: Level 3 Communications

Appendix to Chapter

Enterprise Valuation, ROIC, and Growth

External Analysis: The Identification of Opportunities and Threats

Opening Case: Why Is the Pharmaceutical Industry So Profitable?

Defining an Industry Porter's Five Forces Model Strategy in Action

Circumventing Entry Barriers Into the Soft Drink Strategy in Action

Price Wars in the Breakfast Cereal Industry Running Case: Wal-Mart's Bargaining Power Over Suppliers Strategic Groups Within Industries

Industry Life Cycle Analysis

Limitations of Models for Industry Analysis

The Macro-Environment Practicing Strategic Management

Small-Group Exercise: Competing with Microsoft

Strategic Management Project: Module 2

Exploring the Web: Visiting Boeing and Airbus

General Task Closing Case: Plane Wreck: The Airline Industry in 2001-2004

The Nature of Competitive Advantage

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Opening Case: Dell's Competitive Advantage Competencies, Resources, and Competitive Advantage

The Value Chain Strategy in Action

Value Creation at Pfizer Running Case: Support Activites as a Source of Value Creation at Wal-Mart The Building Blocks of Competitive Advantage Strategy in Action

Southwest Airlines' Low Cost Structure Analyzing Competitive Advantage and Profitability

The Durability of Competitive Advantage

Avoiding Failure and Sustaining Competitive Advantage Strategy in Action

The Road to Ruin at DEC Strategy in Action

Bill Gates's Lucky Break Practicing Strategic Management.

Small-Group Exercise: Analyzing Competitive Advantage

Strategic Management Project: Module 3

Exploring the Web: Visiting Johnson & Johnson

General Task Closing Case: Google

Building Competitive Advantage Through Functional-Level Strategy

Opening Case: Verizon Wireless Achieving Superior Efficiency Strategy in Action

Too Much Experience at Texas Instruments Efficiency, Flexible Manufacturing, and Mass Customization Strategy in Action

Toyota's Lean Production System Strategy in Action

Supply Chain Management at Office Superstores Running Case: Human Resource Strategy and Productivity at Wal-Mart

Achieving Superior Quality Strategy in Action

General Electric's Six Sigma Quality Improvement Strategy in Action

Six Sigma at Mount Carmel Health Achieving Superior Innovation Achieving Superior Responsiveness to Customers Practicing Strategic Management.

Small-Group Exercise: Identifying Excellence

Strategic Management Project: Module 4

Exploring the Web: Visiting Applied Materials

General Task Closing Case: Redesigning the American Car

Strategies

Building Competitive Advantage Through Business-Level Strategy Opening Case: Samsung Changes Its Business Model Again and Again

Competitive Positioning and the Business Model Competitive Positioning and Business-Level Strategy Strategy in Action

5.1: Ryanair Takes Control Over the Sky in Europe Strategy in Action

L.L. Bean's New Business Model Strategy in Action

Up, Up, and Away in the Restaurant Business The Dynamics of Competitive Positioning Strategy in Action

Toyota's Goal? A High-Value Vehicle ot Match Every Strategy in Action

Holiday Inns on Six Continents Practicing Strategic Management.

Small-Group Exercise: Finding a Strategy for a Restaurant

Strategic Management Project: Module 5

Exploring the Web: Visiting the Luxury Car Market

General Task Closing Case: How E*Trade Uses the Internet to Gain a Low-Cost Advantage

Business-Level Strategy and the Industry Environment Opening Case: Nike's Winning Ways Strategies in Fragmented Industries Strategy in Action

Clear Channel Creates a National Chain of Local Radio Stations

Strategies in Embryonic and Growth Industries Strategy in Action

How Prodigy Fell into the Chasm Navigating Through the Shakeout Stage to Maturity Strategy in Mature Industries Strategy in Action

Toys "R" Us's New Competitors Strategy in Action

Coca-Cola and PepsiCo Go Head to Head Strategies in Declining Industries Strategy in Action

How to Make Money in the Vacuum Tube Business Practicing Management Strategy Small-Group Exercise: How to Keep the Hot Sauce Hot

Strategic Management Project: Module 6

Exploring the Web: Visiting Wal-Mart

General Task Closing Case: Information Technology, the Internet, and Changing Strategies in the Fashion World

Strategy in High-Technology Industries Opening Case: The Smart Phone Format War Technical Standards and Format Wars Strategy in Action

Where Is the Standard for DVD Recorders?

Strategy in Action

How Dolby Became the Standard in Sound Technology Strategies for Winning a Format War Costs in High-Technology Industries Strategy in Action

Lowering Costs Through Digitalization Managing Intellectual Property Rights Capturing First-Mover Advantages Technological Paradigm Shifts Strategy in Action

Disruptive Technology in Mechanical Excavators Practicing Strategic Management.

Small-Group Exercise: Burning DVDs

Strategic Management Project: Module 7

Exploring the Web:Visiting Kodak

General Task Closing Case: Battling Piracy in the Videogame Market

Strategy in the Global Environment Opening Case: The Evolution of Global Strategy at Procter & Gamble The Global and National Environments Strategy in Action

Finland's Nokia Increasing Profitability and Profit Growth Through Global Expansion Running Case: Wal-Mart's Global Expansion Cost Pressures and Pressures for Local Responsiveness Strategy in Action

MTV Goes Global with a Local Accent Choosing a Global Strategy Basic Entry Decisions Strategy in Action

Merrill Lynch in Japan

The Choice of Entry Mode Global Strategic

Alliances Making Strategic

Alliances Work Practicing Strategic Management

Small-Group Exercise: Developing a Global Strategy

Strategic Management Project: Module 8

Exploring the Web: Visiting IBM

General Task Closing Case: Planet Starb

Table of Contents provided by Publisher. All Rights Reserved.