Strategic Management: A Competitive Advantage Approach, Concepts and Cases, Global Edition (16e) : 9781292148496

Strategic Management: A Competitive Advantage Approach, Concepts and Cases, Global Edition (16e)

 
Edition
 
16
ISBN
 
9781292148496
ISBN 10
 
1292148497
Published
 
30/08/2016
Published by
 
Pearson Higher Ed USA
Pages
 
688
Format
 
Available on demand
 
Title type
Book
$125.99
 
 
Title type
 
$60.00
 
 
Title type
 
$75.00
 
 
Description

For courses in strategy.

A Practical, Skills-oriented Approach to Strategic Management

In today’s economy, gaining and sustaining a competitive advantage is harder than ever. Strategic Management captures the complexity of the current business environment and delivers the latest skills and concepts with unrivaled clarity, helping students develop their own cutting-edge strategy through skill-developing exercises. The Sixteenth Edition has been thoroughly updated and revised with current research and concepts. This edition includes 30 new cases and end-of-chapter material, including added exercises and review questions.

 

 

Table of contents
  • 1. Strategic Management Essentials 
  • THE COHESION CASE: Nestlé S.A, 2016
  • 2. Outside-USA Strategic Planning
  • 3. Ethics, Social Responsibility, and Sustainability
  • 4. Types of Strategies
  • 5. Vision and Mission Analysis
  • 6. The Internal Audit
  • 7. The External Audit
  • 8. Strategy Generation and Selection
  • 9. Strategy Implementation
  • 10. Strategy Execution
  • 11. Strategy Monitoring
  • Appendix Guidelines for Case Analysis
New to this edition

Guide Student’s Learning

 

The 16th edition, Global Edition, is 40 percent new and improved from the prior edition.

  • A brand new Cohesion Case on Nestlé (2016) is provided. Nestlé is one of the most successful, well-known, and best-managed global companies in the world. Students apply strategy concepts to Nestlé at the end of each chapter through brand new Assurance of Learning Exercises.
  • Chapter 2 on Outside-USA Strategic Planning is shortened by 30 percent but provides new coverage of cultural and conceptual strategic-management differences across countries, as doing business globally has become a necessity in most industries.
  • Chapter 3 on Ethics, Social Responsibility, and Sustainability provides extensive new coverage of ethics, workplace romance, flirting, hiring away rival firms’ employees, wildlife welfare, and sustainability. This text emphasizes that good ethics is good business. Unique to strategic-management texts, the sustainability discussion is strengthened in this edition to promote and encourage firms to conduct operations in an environmentally sound manner. Respect for the natural environment has become an important concern for consumers, companies, society, and AACSB-International.
  • Chapter 5 on Vision and Mission Analysis is 60 percent new, featuring more customer-oriented statements.  
  • Unique Assurance of Learning Exercises help students apply chapter concepts and prepare them for strategic-management case analysis.
  • 11 new one-page Mini-Cases that focus on Ryanair, Airbus Group SE, Etihad Airways, Tiger Brands, Citizen Holdings Company, Bank of China, Woolworths Limited, Hyundai Motor Company, Tata Motors Limited, Horizon Pharma, and Broadcom Limited appear at the end of each chapter, along with questions designed to apply chapter concepts.
  • Two, original, half-page Academic Research Capsules in each chapter showcase how new strategic-management research is impacting business practice.
  • Implications for Strategists and Implications for Students sections highlight how companies can best gain and sustain competitive advantages.
  • Exemplary Company Cases in each chapter showcase a global company (from Singapore Airlines, Honda Motor Company, and Bank Audi Group, to Petronas, Samsung Electronics, Volkswagen, and Michelin) that is employing strategic management exceptionally well.
  • More than 200 new examples bring each chapter to life.
  • Narrative on strategic management theory and concepts is presented in every chapter.
  • New Issues for Review and Discussion are provided at the end of each chapter.
  • All current readings at the end of all chapters are new, as new research and theories of seminal thinkers are included. However, practical aspects of strategic management are center stage and the trademark of this text.
  • Every sentence and paragraph has been scrutinized, modified, clarified, streamlined, updated, and improved to enhance the content and caliber of presentation.
  • UPDATED! An enhanced Author Web site provides new author videos, case and chapter updates, sample case analyses, and the popular Free Excel Student Template (www.strategyclub.com), which enables users to more easily develop strategic-planning matrices, tables, and case analyses. Using the template, students can devote more time to applying strategy concepts and less time to the mechanics of formatting.

 

Also available with MyManagementLab®

MyManagementLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

 

Before Class

  • The Chapter Warm-up helps you hold your students accountable for learning key concepts in each chapter before coming to class. The assignment consists of basic questions related to topics in the text, and gives students the chance to access their eText to read about the topics in question. Grading and item analysis in the assignment allow you to see what students know and don’t know.
  • Dynamic Study Modules help students study effectively on their own by continuously assessing their activity and performance in real time. Here's how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level. Questions repeat until the student can answer them all correctly and confidently. Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers.
  • Pearson eText gives students access to their textbook anytime, anywhere. In addition to note taking, highlighting, and bookmarking, the Pearson eText offers interactive and sharing features. Instructors can share their comments or highlights, and students can add their own, creating a tight community of learners in your class.
  • Cases MyLab online ancillary has been designed specifically to apply strategic management concepts through case analysis. The before-class MyLab testing feature with this edition includes 25 questions for each case—10 questions that test if the student simply reads the case before class, and 15 questions that test the student’s ability to apply various strategic management concepts. This testing feature enables professors to determine, before class if desired, whether students read the case and are able to apply strategy concepts to resolve the issues in the case. Thus, the Cases MyLab product assures that the cases apply the concepts, simplifies grading for professors, and achieves AACSB's key assurance of learning objectives—even in purely or partly online class settings. The new Case MyLab online ancillary enables professors to utilize the cases to monitor student learning of strategy concepts.

During Class

·    Learning Catalytics™ is an interactive, student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Now included with MyLab with eText, Learning Catalytics enables you to generate classroom discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. Instructors, you can:

- Pose a variety of open-ended questions that help your students develop critical thinking skills

- Monitor responses to find out where students are struggling

- Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class

- Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning

 

·    Reporting Dashboard helps to view, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course. Available via the MyLab Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.

After Class

  • Branching, Decision-Making Simulations put your students in the role of manager as they make a series of decisions based on a realistic business challenge. The simulations change and branch based on their decisions, creating various scenario paths. At the end of each simulation, students receive a grade and a detailed report of the choices they made with the associated consequences included.
  • Video Exercises explore a variety of business topics related to the theory students are learning in class. Quizzes assess students’ comprehension of the concepts covered in each video.
  • Writing Space looks at developing better writers who make great learners and perform better in their courses. Designed to help you develop and assess concept mastery and critical thinking, the Writing Space offers a single place to create, track, and grade writing assignments, provide resources, and exchange meaningful, personalized feedback with students, quickly and easily. Thanks to assisted-graded and create-your-own assignments, you decide your level of involvement in evaluating students' work. Integration with Turnitin®, Writing Space can check students’ work for improper citation or plagiarism.
Pre-built Quizzes and Tests allow you to quiz students without having to grade the assignments yourself.
Features & benefits

  • NEW! Chapter 2 on “The Business Vision and Mission” is 60 percent new, featuring more customer-oriented statements.
  • NEW! Chapter 10 on “Business Ethics, Social Responsibility, and Environmental Sustainability” provides extensive new coverage of ethics, workplace romance, flirting, hiring away rival firms’ employees, wildlife welfare, and sustainability. This text emphasises that “good ethics is good business.” Unique to strategic-management texts, the sustainability discussion is strengthened in this edition to promote and encourage firms to conduct operations in an environmentally sound manner. Respect for the natural environment has become an important concern for consumers, companies, society, and AACSB-International.
  • NEW! Chapter 11 on “Global and International Issues” is shortened by 30 percent but provides new coverage of cultural and conceptual strategic-management differences across countries, as doing business globally has become a necessity in most industries.  
  • NEW! A brand new Cohesion Case on The Hershey Company (2015) is provided. Hershey is one of the most successful, well-known, and best-managed global companies in the world.  Students apply strategy concepts to Hershey at the end of each chapter through brand new Assurance of Learning Exercises.
  • NEW! 21 unique Assurance of Learning Exercises appear at the end of all chapters to apply chapter concepts. The exercises prepare students for strategic-management case analysis.
  • NEW! One-page Mini-Cases that focus on Kroger Company, Walt Disney Company, Coach Buffalo Wild Wings, LinkedIn, Starbucks, Hilton Worldwide, Alibaba, TJX Companies, Avon Products, and Domino’s Pizza appear at the end of each chapter, along with questions designed to apply chapter concepts.
  • NEW! Two, original, half-page Academic Research Capsules in each chapter showcase how new strategic-management research is impacting business practice.
  • NEW! Implications for Strategists and Implications for Students sections highlight how companies can best gain and sustain competitive advantages.
  • NEW! Exemplary Company Cases in each chapter showcase a company (from Apple, H&R Block, and Chipotle Mexican, to Grill, Netflix, Foot Locker, and Nike) that is employing strategic management exceptionally well.  
  • NEW! More than 200 new examples bring the chapters to life.   
  • NEW! Narrative on strategic management theory and concepts is presented in every chapter.
  • NEW! 78 Review Questions are provided at the end of each chapter.
  • Twenty-two color photographs bring this edition to life and illustrate “the practice of strategic management.”
  • NEW! All current readings at the end of all chapters are new, as new research and theories of seminal thinkers are included. However, practical aspects of strategic management are center stage and the trademark of this text.
  • NEW! Every sentence and paragraph has been scrutinised, modified, clarified, streamlined, updated, and improved to enhance the content and caliber of presentation.

 

Show Concepts in Action

  • All 30 cases are written by the authors, to ensure maximum control and effectiveness in applying strategic management concepts through case analysis.
    • All 30 cases have a 2015 time setting, offering students up-to-date issues to evaluate;
    • All 30 cases focus on exciting, well-known companies, making it effective for students to apply strategy concepts;
    • All 30 cases are undisguised, featuring real organisations in real industries using real names and details;
    • All 30 cases feature an organisation and industry undergoing strategic change;
    • All 30 cases provide ample, excellent quantitative information, so students can prepare a defensible strategic plan;
    • All 30 cases are written in a lively, concise writing style that captures the reader’s interest;
    • All 30 cases are “comprehensive,” focusing on multiple business functions, rather than a single problem or issue;
    • All 30 cases include current financial statements for the firm, so students can show the impact of a proposed strategic plan;
    • All 30 cases provide an organisational chart and a vision and mission statement; these are important strategy concepts;
    • All 30 cases are supported by an excellent teacher’s note, provided to professors in a new Case Instructor’s Resource Manual;
    • All 30 cases are available for inclusion in a customised tailored text to meet the special needs of some professors;
    • All 30 cases facilitate coverage of all strategy concepts, but as revealed in the new Concepts by Cases Matrix, some cases especially, exemplify some concepts, enabling professors to effectively use various cases with various chapters in the text;
    • All 30 cases have been class tested to ensure that they are interesting, challenging, and effective for illustrating strategy concepts;
    • All 30 cases never been used in other textbooks, thus offering a truly fresh, new, up-to-date learning platform;
    • The 30 case companies provide an excellent mix of firms performing really well and some performing very poorly, including 14 U.S. service-based organisations, 10 U.S. manufacturing-based firms, and 2 nonprofit organisations (World Relief and World Wildlife Fund for Nature). Also included are 4 headquartered firms outside of the U.S. (Michael Kors Holdings Ltd., SABMiller plc, Gruma SAB de CV, and Restaurants Brands International).
    • All 30 case companies have excellent web sites in English that provide detailed financial information, history, sustainability statements, ethics statements, and press releases--so students can easily access current information to apply strategy concepts.

Proven, Hallmark Features

  • This text meets all AACSB International guidelines that support a practitioner orientation rather than a theory/research approach. It offers a skills-oriented process for developing a vision and mission statement; performing an external audit; conducting an internal assessment; and formulating, implementing, and evaluating strategies.
  • Concise, conversational, interesting, logical, and lively writing style, supported by numerous current examples.
  • A simple, integrative strategic-management model appears in all chapters and on the inside back cover. This model is widely used by strategic-planning consultants and companies worldwide.
  • An excellent pedagogy includes Learning Objectives opening each chapter as well as Key Terms, Current Readings, Discussion Questions, and Assurance of Learning Exercises ending each chapter.
  • Various strategy formulation issues cover topics such as business ethics, global versus domestic operations, vision and mission, matrix analysis, partnering, joint venturing, competitive analysis, value chain analysis, governance, and matrices for assimilating and evaluating information.
  • Strategy implementation issues are covered thoroughly and include items such as corporate culture, organisational structure, outsourcing, marketing concepts, financial analysis, business ethics, whistleblowing, bribery, pay and performance linkages, and workplace romance.
  • A systematic, analytical “process” is presented that integrates nine matrices (IFEM, EFEM, CPM, SWOT, BCG, IE, GRAND, SPACE, and QSPM) into 3 stages (Input, Matching, and Decision), which guide the strategic planning process in all companies.  
  • Custom-case publishing is available whereby an instructor can combine chapters from this text with cases from a variety of sources or select any number of the 30 cases.