Foundations in Strategic Management

by Harrison, Jeffrey S.; St. John, Caron H.

• ISBN13: 9781439080467
• ISBN10: 1439080461
• Edition: 5th
• Format: Paperback
• Copyright: 2009-09-18
• Publisher: South-Western College Pub

Summary

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 Process	p. 2
Strategy in Focus: IBM	p. 3
What is Strategic Management?	p. 4
External and Internal Environmental Analysis	p. 4
Strategic Leadership and Strategic Direction	p. 6
Business and Corporate Strategy Formulation	p. 7
Strategy Implementation and Control	p. 8
Strategy Restructuring	p. 9
Alternative Perspectives on Strategy Development	p. 9
Determinism versus Enactment	p. 9
Deliberate versus Emergent Strategy Formulation	p. 10
The Resource-Based View of the Firm	p. 11
Stakeholder Analysis and Management	p. 12
Global Strategic Management	p. 14
A Combined Approach	p. 15
Strategic Thinking and Entrepreneurship	p. 16
Key Points Summary	p. 18
References	p. 18
The External Environment	p. 22
Strategy in Focus: China	p. 23
The Broad Environment	p. 25
Sociocultural Forces	p. 25
Economic Forces	p. 27
Technological Forces	p. 28
Political/Legal Forces	p. 29
The Task Environment	p. 30
Competitive Forces	p. 30
Customers	p. 30
Suppliers	p. 32
Existing Competitors	p. 32
Potential Competitors/Entry Barriers	p. 33
Indirect Competitors/Substitutes	p. 35
Other Factors	p. 35
Using the Five Forces Analysis	p. 36
Partnerships and Social Networks	p. 36
Global Business Environments	p. 40
Evaluating a Foreign Investment Environment	p. 40
Competitive Advantages of Nations	p. 41
Key Points Summary	p. 42
References	p. 43
Organizational Resources and Competitive Advantage	p. 46
Strategy in Focus: Amazon.com	p. 47
The Strategic Value of Internal Resources and Capabilities	p. 48
Sustainable Competitive Advantage	p. 48
Resource Interconnectedness	p. 50
Human Resources	p. 51
Physical Resources	p. 53
Financial Resources	p. 54
Knowledge and Learning Resources	p. 56
General Organizational Resources	p. 57
Resource Analysis and the Development of Strategy	p. 59
Value Chain Analysis	p. 59
Key Points Summary	p. 61
References	p. 62
Strategic Leadership and Strategic Direction	p. 64
Strategy in Focus: Colgate-Palmolive	p. 65
Strategic Leadership	p. 66
Primary leadership Responsibilities	p. 66
Effective Strategic Leaders	p. 67
Top Management Teams	p. 68
Corporate Governance and Agency	p. 69
Strategic Direction	p. 71
Influences on Strategic Direction	p. 72
Organizational Mission and Vision Statements	p. 74
Business Definition	p. 75
Organizational Values and Purpose	p. 76
Key Points Summary	p. 82
References	p. 83
Business-Level Strategies	p. 86
Strategy in Focus: Wal-Mart	p. 87
Generic Business-Level Strategies	p. 89
Differentiation	p. 89
Low-Cost Leadership	p. 90
High Capacity Utilization	p. 91
Economies of Scale	p. 91
Technological Advances	p. 91
Experience Effects	p. 92
Best Cost	p. 93
Focus	p. 94
Competitive Tactics	p. 95
Growth Strategies	p. 95
Offensive Tactics	p. 96
Aggressive Competition	p. 96
First-Mover Advantages	p. 97
Defensive Tactics	p. 97
Threat of Retaliation	p. 97
Barriers to Imitation	p. 97
Collaborative Tactics	p. 98
Political Tactics	p. 98
Avoidance (Blue Ocean) Tactics	p. 99
Strategic Flexibility	p. 99
Interdependence of Generic and Competitive Strategies	p. 100
Strategies in an International Context	p. 100
International Growth Tactics	p. 100
Busines-Level Strategies in Multiple International Markets	p. 101
Changes in Strategy Over Time	p. 103
Key Points Summary	p. 106
References	p. 107
Corporate Strategies	p. 110
Strategy in Focus: Tata Group	p. 111
Development of Corporate Strategy	p. 112
Single Business/Concentration	p. 113
Vertical Integration	p. 114
Diversification Strategies	p. 116
Unrelated Diversification	p. 116
Related Diversification	p. 117
Diversification Methods	p. 119
Internal Ventures	p. 119
Mergers and Acquisitions	p. 120
Strategic Alliances and Joint Ventures	p. 122
Portfolio Management	p. 124
Boston Consulting Group Matrix	p. 124
The General Electric Business Screen	p. 126
Key Points Summary	p. 128
References	p. 128
Strategy Implementation	p. 132
Strategy in Focus: Hewlett-Packard	p. 133
Functional Strategies	p. 134
Marketing Strategy	p. 135
Operations Strategy	p. 138
Research and Development Strategy	p. 139
Human Resources Strategy	p. 139
Financial Strategy	p. 140
Information Systems Strategy	p. 141
Organizational Structure	p. 142
Standard Structural Forms	p. 143
More Complex Structures	p. 146
Foreign Subsidiaries	p. 147
Organizational Culture and Energy	p. 148
Fostering Innovation and Entrepreneurship	p. 149
Key Points Summary	p. 151
References	p. 152
Strategic Control and Restructuring	p. 154
Strategy in Focus: U.S. Bank Regulation	p. 155
Strategic Control Systems	p. 156
Feedback Controls	p. 158
Establishment of Broad Goals	p. 160
Identification of Key Result Areas	p. 160
Establishment of Specific Targets and Time Frames	p. 161
Assignment of Responsibility	p. 161
Development of an Action Plan	p. 161
Accountability and Review	p. 162
Concurrent Controls	p. 162
Feedforward Controls	p. 163
Comprehensive Strategic Control Systems	p. 164
Strategic Restructuring	p. 166
Refocusing Corporate Assets	p. 167
Retrenchment	p. 168
Reorganization	p. 168
Leveraged Buyouts	p. 169
Structural Reorganization	p. 170
Dealing with Economic Cycles	p. 170
Key Points Summary	p. 172
References	p. 173
Appendix Preparing a Strategic Analysis	p. 176
Structuring an Environmental Analysis	p. 177
Industry Analysis	p. 177
External Stakeholders and the Broad Environment	p. 178
Factors that Influence Demand and Cost Structures	p. 178
Strategic Issues Facing the Industry	p. 180
Structuring an Organizational Analysis	p. 181
Evaluation of the Internal Environment	p. 181
Identification of Resources and Capabilities	p. 182
Evaluation of Strategies	p. 182
Identification of Sources of Competitive Advantage	p. 182
Developing a Strategic Plan	p. 183
Strategic Direction and Major Strategies	p. 183
Evaluation of Opportunities and Recommendations	p. 184
Implementation and Control	p. 186
A Note to Students	p. 186
Index	p. 188
Table of Contents provided by Ingram. All Rights Reserved.