Foundations in Strategic Management

ISBN-10: 1439080461

ISBN-13: 9781439080467

Edition: 5th 2010

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Book details

List price: $239.95
Edition: 5th
Copyright year: 2010
Publisher: Cengage South-Western
Publication date: 9/18/2009
Binding: Paperback
Pages: 208
Size: 10.00" wide x 8.25" long x 0.50" tall
Weight: 1.122
Language: English

As Professor of Management at Clemson University, author Caron St. John also serves as the Interim Associate Dean for Graduate Programs and Innovation and Director of MBA Programs and the Spiro Center for Entrepreneurial Leadership for the university. Her research interests address the competitive, technology, and operations strategies of both entrepreneurial and established firms. Her work has been published in ACADEMY OF MANAGEMENT REVIEW, STRATEGIC MANAGEMENT JOURNAL, ORGANIZATION RESEARCH METHODS, JOURNAL OF OPERATIONS MANAGEMENT, and PRODUCTION AND OPERATIONS MANAGEMENT. She has coauthored two textbooks in strategic management and is very active in executive and graduate education, particularly in the areas of strategy, entrepreneurship, and innovation management.

The Strategic Management Process
Strategy in Focus: IBM
What is Strategic Management?
External and Internal Environmental Analysis
Strategic Leadership and Strategic Direction
Business and Corporate Strategy Formulation
Strategy Implementation and Control
Strategy Restructuring
Alternative Perspectives on Strategy Development
Determinism versus Enactment
Deliberate versus Emergent Strategy Formulation
The Resource-Based View of the Firm
Stakeholder Analysis and Management
Global Strategic Management
A Combined Approach
Strategic Thinking and Entrepreneurship
Key Points Summary
References
The External Environment
Strategy in Focus: China
The Broad Environment
Sociocultural Forces
Economic Forces
Technological Forces
Political/Legal Forces
The Task Environment
Competitive Forces
Customers
Suppliers
Existing Competitors
Potential Competitors/Entry Barriers
Indirect Competitors/Substitutes
Other Factors
Using the Five Forces Analysis
Partnerships and Social Networks
Global Business Environments
Evaluating a Foreign Investment Environment
Competitive Advantages of Nations
Key Points Summary
References
Organizational Resources and Competitive Advantage
Strategy in Focus: Amazon.com
The Strategic Value of Internal Resources and Capabilities
Sustainable Competitive Advantage
Resource Interconnectedness
Human Resources
Physical Resources
Financial Resources
Knowledge and Learning Resources
General Organizational Resources
Resource Analysis and the Development of Strategy
Value Chain Analysis
Key Points Summary
References
Strategic Leadership and Strategic Direction
Strategy in Focus: Colgate-Palmolive
Strategic Leadership
Primary leadership Responsibilities
Effective Strategic Leaders
Top Management Teams
Corporate Governance and Agency
Strategic Direction
Influences on Strategic Direction
Organizational Mission and Vision Statements
Business Definition
Organizational Values and Purpose
Key Points Summary
References
Business-Level Strategies
Strategy in Focus: Wal-Mart
Generic Business-Level Strategies
Differentiation
Low-Cost Leadership
High Capacity Utilization
Economies of Scale
Technological Advances
Experience Effects
Best Cost
Focus
Competitive Tactics
Growth Strategies
Offensive Tactics
Aggressive Competition
First-Mover Advantages
Defensive Tactics
Threat of Retaliation
Barriers to Imitation
Collaborative Tactics
Political Tactics
Avoidance (Blue Ocean) Tactics
Strategic Flexibility
Interdependence of Generic and Competitive Strategies
Strategies in an International Context
International Growth Tactics
Busines-Level Strategies in Multiple International Markets
Changes in Strategy Over Time
Key Points Summary
References
Corporate Strategies
Strategy in Focus: Tata Group
Development of Corporate Strategy
Single Business/Concentration
Vertical Integration
Diversification Strategies
Unrelated Diversification
Related Diversification
Diversification Methods
Internal Ventures
Mergers and Acquisitions
Strategic Alliances and Joint Ventures
Portfolio Management
Boston Consulting Group Matrix
The General Electric Business Screen
Key Points Summary
References
Strategy Implementation
Strategy in Focus: Hewlett-Packard
Functional Strategies
Marketing Strategy
Operations Strategy
Research and Development Strategy
Human Resources Strategy
Financial Strategy
Information Systems Strategy
Organizational Structure
Standard Structural Forms
More Complex Structures
Foreign Subsidiaries
Organizational Culture and Energy
Fostering Innovation and Entrepreneurship
Key Points Summary
References
Strategic Control and Restructuring
Strategy in Focus: U.S. Bank Regulation
Strategic Control Systems
Feedback Controls
Establishment of Broad Goals
Identification of Key Result Areas
Establishment of Specific Targets and Time Frames
Assignment of Responsibility
Development of an Action Plan
Accountability and Review
Concurrent Controls
Feedforward Controls
Comprehensive Strategic Control Systems
Strategic Restructuring
Refocusing Corporate Assets
Retrenchment
Reorganization
Leveraged Buyouts
Structural Reorganization
Dealing with Economic Cycles
Key Points Summary
References
Appendix Preparing a Strategic Analysis
Structuring an Environmental Analysis
Industry Analysis
External Stakeholders and the Broad Environment
Factors that Influence Demand and Cost Structures
Strategic Issues Facing the Industry
Structuring an Organizational Analysis
Evaluation of the Internal Environment
Identification of Resources and Capabilities
Evaluation of Strategies
Identification of Sources of Competitive Advantage
Developing a Strategic Plan
Strategic Direction and Major Strategies
Evaluation of Opportunities and Recommendations
Implementation and Control
A Note to Students
Index
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