Strategic Management: A Competitive Advantage Approach, Concepts, Global Edition (16e) : 9781292164977

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

 
Edition
 
16
ISBN
 
9781292164977
ISBN 10
 
1292164972
Published
 
01/09/2016
Published by
 
Pearson Higher Ed USA
Pages
 
424
Format
 
Available on demand
 
Title type
Book
$125.99
 
 
Title type
 
$60.00
 
 
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, and added exercises and review questions.

 

MyManagementLab not included. Students, if MyManagementLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyManagementLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.


MyManagementLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.

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

 

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.  

·    End-Of-Chapter features include unique Assurance of Learning Exercises to 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, chapter updates, 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.

Features & benefits

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

 

About the Book

 

Guide Student’s Learning

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

  • 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 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.
  • 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 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. strategyclub.com
    • Widely used for more than a decade by both students and businesses, the Excel Template (formerly CheckMATE) enables users to more easily apply strategic management concepts while engaging in assurance of learning exercises or case analysis. Using the template, students can devote more time to applying strategy concepts and less time to the mechanics of formatting strategy matrices, tables, and PowerPoints.

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, organizational 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.  

MyManagementLab not included. Students, if MyManagementLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyManagementLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

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.
  • eText: The 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. Rich media options let students watch lecture and example videos as they read or do their homework. 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 1) read the case and 2) 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

  • Reporting Dashboard: View, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course with the new Reporting Dashboard. 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. Better writers make great learners–who 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 auto-graded, assisted-graded, and create-your-own assignments, you decide your level of involvement in evaluating students' work. The auto-graded option allows you to assign writing in large classes without having to grade essays by hand. And because of integration with Turnitin®, Writing Space can check students’ work for improper citation or plagiarism.
  • Quizzes and Tests: Pre-built quizzes and tests allow you to quiz students without having to grade the assignments yourself.