Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment

by Alkhafaji; Abbass

• ISBN13: 9780789018106
• ISBN10: 0789018101
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 2003-04-03
• Publisher: Routledge

Summary

Airborne Express, Hershey's, Motorola, Pillsbury--how do the executives of international corporations formulate effective strategies for corporate success? Filled with helpful insights into the state of the art in strategic management, this book provides a framework for the formulation, implementation, and control of strategies for all types of domestic and global organizations. You'll also find 21 suggested corporate cases for analysis (complete with reference sources), including Blockbuster Video, PepsiCo, Harley-Davidson, Nike, Home Depot, and Microsoft. This up-to-date volume gives you a comprehensive overview of strategic management in an easy-to-read format. It addresses important current issues, such as TQM (Total Quality Management), reengineering, benchmarking, and the formulation of strategic management in international markets. Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment is a part of The Haworth Press, Inc. promotion book series edited by Richard Alan Nelson, Ph.D., APR. Here is a small sample of what Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment will teach you about: the definition, meaning, and history of strategic management the difference between business policy and business strategy corporate structure, governance, and culture mission statements how to assess the corporate/business environment--internal, external, and macro how to formulate an effective business strategy strategic alternatives--specialization, diversification, alliances, joint ventures, acquisitions, and more dealing with foreign governments and competing on a global scale the role of the general manager and the board of directors the control process and ways to measure the financial soundness of strategic decisions management techniques for not-for-profit companies Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment is an ideal reference for any teacher, student, or professional in the management arena.

Table of Contents

Preface	ix
Acknowledgments	xv
SECTION I: STRATEGIC MANAGEMENT FRAMEWORK	1	(266)
Introduction to Strategic Management	3	(28)
Why Is It Important to Study Strategic Management?	3	(1)
History of Strategic Management and Business Policy	4	(1)
Purpose of Business Policy Course	5	(3)
Business Policy	8	(3)
Strategic Planning	11	(7)
Strategic Management	18	(7)
Moral and Ethical Duties	25	(1)
Corporate Governance and Strategy	26	(2)
Review Questions	28	(3)
Strategy Formulation	31	(28)
Introduction	31	(3)
Who Are the Strategists in Any Organization?	34	(2)
Environmental Scanning	36	(4)
Strategy Formulation	40	(14)
Strategy Implementation	54	(1)
Evaluation and Control	55	(1)
Decision Making	55	(1)
Review Questions	56	(3)
Assessing the Environment	59	(38)
Introduction	59	(2)
Dynamic Environments	61	(1)
The Internal Environment	62	(6)
The External Environment	68	(12)
Environmental Scanning	80	(7)
Review Questions	87	(1)
Appendix: The Use of Financial Ratio Analyses	87	(10)
Corporate Strategy	97	(26)
Introduction	97	(1)
Corporate Strategic Alternatives	98	(4)
Analysis of Corporate Strategies	102	(8)
Strategy in Multiple-SBU Firms	110	(6)
Evaluating Corporate Strategy: Beyond the Business Portfolio Matrix	116	(4)
Review Questions	120	(3)
Business and Functional Strategies	123	(22)
Introduction	123	(1)
Business Strategy Alternatives	123	(1)
Formulating Business Strategy	124	(10)
Competitive Strategies and the Health Care Industry	134	(1)
Functional Strategic Alternatives	135	(6)
Strategy Types	141	(1)
Conclusion	142	(1)
Review Questions	143	(2)
Strategic Management in the International Environment	145	(36)
Introduction	145	(1)
Trends Toward Internationalization	146	(1)
Advantages of Internationalization	147	(4)
International Strategic Management	151	(12)
Entering a Foreign Market	163	(9)
Multinational Challenges	172	(3)
How to Compete Globally	175	(1)
U.S. Competitiveness	175	(2)
Tomorrow's Organizations	177	(1)
Review Questions	177	(4)
Corporate Structure and Implementation	181	(26)
Introduction	181	(1)
Strategy Implementation	181	(8)
The General Manager's Role in the Implementation Process	189	(2)
Issues in Strategy Formulation and Implementation	191	(4)
Analyzing Strategic Change	195	(4)
Building a Capable Organization	199	(2)
Allocating Resources to Match Strategic Objectives	201	(2)
Establishing Organization-Wide Commitment to the Strategic Plan	203	(2)
Conclusion	205	(1)
Review Questions	206	(1)
Corporate Culture, the General Manager, and Implementation	207	(12)
Introduction	207	(2)
Installing Internal Administrative Support Systems	209	(4)
Exerting Strategic Leadership	213	(2)
Fulfilling the Leadership Role	215	(1)
Summary	216	(1)
Review Questions	217	(2)
The Control Function	219	(24)
Introduction	219	(2)
Levels of Strategy and Control	221	(1)
Organizational Control	222	(2)
Financial Measurement Methods	224	(4)
Reporting Systems	228	(2)
Information Systems	230	(1)
Vehicles of Control	231	(7)
International Control	238	(2)
Summary	240	(1)
Review Questions	240	(3)
Strategic Management in Profit and Not-for-Profit Organizations	243	(24)
Introduction	243	(1)
Evolution of Not-for-Profit Organizations	243	(1)
What Is a Not-for-Profit Organization?	244	(3)
Mission Statement	247	(1)
Strategic Objectives	248	(3)
Crafting a Strategy	251	(2)
Strategy for Multi-Primary-Mission Organizations	253	(2)
Management Styles	255	(1)
Strategic Decision Making in NFP Organizations	256	(1)
Evaluation and Control in NFP Organizations	256	(3)
Implementation in the NFP Sector	259	(1)
Role of the Board of Directors in For-Profit and NFP Organizations	260	(3)
Conclusion	263	(2)
Review Questions	265	(2)
SECTION II: PREPARING A CASE ANALYSIS	267	(44)
Case 1. Ben & Jerry's	269	(2)
Case 2. Blockbuster	271	(2)
Case 3. Tootsie Roll Industries, Inc.	273	(2)
Case 4. Southwest Airlines	275	(2)
Case 5. Airborne Express	277	(2)
Case 6. Snapple	279	(2)
Case 7. PepsiCo, Inc.	281	(2)
Case 8. Pillsbury	283	(2)
Case 9. Hershey Foods Corporation	285	(2)
Case 10. H. J. Heinz	287	(2)
Case 11. Gap Inc.	289	(2)
Case 12. Intimate Brands, Inc.	291	(2)
Case 13. Nike	293	(2)
Case 14. Rite Aid	295	(2)
Case 15. Circuit City Stores, Inc.	297	(2)
Case 16. Gillette	299	(2)
Case 17. Harley-Davidson	301	(2)
Case 18. Home Depot	303	(2)
Case 19. Lincoln Electric	305	(2)
Case 20. Motorola, Inc.	307	(2)
Case 21. Microsoft	309	(2)
Index	311