Strategic Management (4e)

In this fourth edition of Strategic Management the emphasis continues to be on the process of strategic management. This book is designed to help those new to the field understand the processes and complexities of strategic management in a readable and accessible way. The approach of this book is to show strategic management to be a flexible and ongoing process, responding to the changing needs of organisations in light of new developments, and not a set of rules to be applied in a mechanistic or ad hoc manner. The fourth edition has maintained the style and readability of the previous edition, while incorporating and examining the new developments of the discipline.

Preface to the fourth edition
Part One The Concept and Context of Strategic Management
1 The nature and scope of strategic management  
2 The process of strategic management
3 Strategic capability: decision-making, performance management and leadership
4 Organisational mission: vision, purpose and values
Part Two Strategy Analysis and Direction Setting
5 Analysing the external environment  
6 Environmental turbulence and strategic management 
7 Internal analysis: organisational skills and resources 
8 Formulating strategic objectives
Part Three Strategic Choice
9 Corporate strategy alternatives: managing organisational scope 
10 Business-level strategy alternatives: managing a competitive profile 
11 Evaluating and choosing strategic alternatives
Part Four Strategy Implementation and Strategic Performance Management
12 Strategy implementation
13 Managing strategic change 
14 Assessing strategic performance
15 Developing the strategic plan
Bibliography
Glossary
Index

 

SUPPLEMENTS
Instructor's Manual on CD, containing the following:
 
Answers to text questions
Multiple choice and true/false questions and answers
PowerPoint slides.

• Integration of up-to-date literature and research on a variety of subjects related to strategic management.
• Introduction of opening cases with questions at the start every chapter.
• New feature of 1-3 questions at the end of illustration capsules.
• Additional illustration capsules focusing on: international strategy, strategy in e-commerce or non-business (i.e. public sector, social sector, charities).
• The new edition of the book includes up-to-date examples to show strategic management models in practice and provides a solid grounding in the importance of strategy to long-term organisational success.
• The Internet and electronic communications and e-commerce is another growth area which has been included as part of the overall strategic approach.
• Addition of new content in areas that are of increasing interest in strategic management, including:
       - Historical development of strategic management (Chapter 1)
       -Discussion of different schools of strategic management thought (Chapters 1 and 2)
       -The role of leadership in strategic management and the relationship between corporate governance and strategy (Chapter 3)
       -Performance management and integrated strategic, business and individual performance planning (Chapters 3, 12 and 15)
       -Stakeholder analysis techniques (Chapter 8)
       -Application of Triple Bottom Line to strategy (Chapter 8)
       -Risk management and strategy (Chapter 12)
       -Participation options for the development of a strategic plan (Chapter 15).
  

• Opening case - there is an expanded illustration capsule to open each chapter. 
• Summary.
• Discussion questions.
• References and further reading.
• The reader is shown a method for integrating ethical thinking and practice within a strategic management framework.
• Emphasis is placed on clarifying the central concepts and components of strategic management as they are applied within the Australian context.
• The book aims to provide an understanding of theory and principles of strategic management that can be applied to both private and public sectors.
• There is an overall organisational perspective of issues, rather than a functional or technical, specialist viewpoint.
• Readers are shown techniques to use in the process of strategy analysis, direction setting, strategy choice and implementation for the overall quality and improved performance of an organisation.