Strategic Management: Awareness and Change

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Cengage Learning EMEA, 2005 - Business & Economics - 873 pages
3 Reviews
Strategic management 5e is essential reading for all students of strategy at undergraduate, diploma and MBA level. Structured around a traditional analysis, formulation and implementation framework, based on a mini-case approach, and supported by unrivalled supplementary resources, John Thompson's accessible text encourages students to think about strategy through the successes and failures of real companies. In addition, the unrivalled subject coverage introduces readers to topics of contemporary interest including emergent strategy, entrepreneurship, and leadership.
 

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Contents

Understanding Strategy and Strategic Management
1
Introducing the Strategy Process
3
Strategy explained
7
Strategic management
21
Strategy creation
26
The emergence of strategic management
34
Mission strategy objectives and tactics
42
Strategy statements
43
Planning and planning systems
407
Strategic planning issues
420
Strategic planning techniques
423
Spheres of influence
431
Summary
436
Questions and research assignments
437
Further reading
438
Strategic Leadership Entrepreneurship and Intrapreneurship
439

Strategic management in specific contexts
44
Summary
52
Internet and library projects
53
References
54
The Business Model the Organizational Mission and Objectives
55
Introduction
57
The business model
58
Definitions terminology and examples
65
issues and perspectives
72
Objectives of public sector and notforprofit organizations
87
The impact of personal objectives
93
Social responsibility and business ethics
95
Summary
104
Internet and library projects
105
Key Strategic Concerns
109
Culture and values
110
Environmental fit and stakeholder satisfaction
111
Strategic positioning
112
Key success factors
114
Core competencies
116
Strategic architecture competencies
117
Leveraging resources
118
Competitive advantage
123
Achieving competitive advantage
124
EVR congruence
125
Strategic regeneration and transformational change
130
The strategic challenge
134
Strategic Analysis Frameworks
138
Strategic Analysis
143
Strategic Thinking Environmental Influences and Synergy
145
Strategic thinking
147
Synergy
151
Concluding comments
155
Summary
156
Environmental Analysis and Strategic Positioning
157
Analysing the business environment
160
Analysing an industry
172
Competition and the structure and regulation of industry
182
Strategic positioning and adding value
189
SWOT strengths weaknesses opportunities and threats analysis
194
Forecasting the environment
196
Scenario planning
197
Summary
202
Questions and research assignments
203
Further reading
204
Finance in Action the Experience Curve
205
Pricing decisions and the experience effect
206
Resourceled Strategy
207
Auditing strategic resources
210
Strategic architecture
215
Human resource strategies
220
Managing human resources
228
Information and information technology
236
The value chain
251
The value chain and competitive advantage
256
Reputation and branding
262
The impact of the Internet
268
Information knowledge and corporate capital
270
Summary
272
Questions and research assignments
273
Further reading
274
The Dynamics of Competition
276
an introduction
279
Competitive strategy
286
Competitive advantage and competitive success
295
The dynamics of competition
299
Concluding comments
304
Summary
306
Further reading
307
References
308
Success Culture and Values
309
Introduction
312
What should we measure?
319
The measurement of success in notforprofit organizations
327
A holistic framework of measures
329
Culture an introduction
333
Aspects of culture
336
Determinants of culture
341
Implications of culture
342
Culture and strategy creation
343
Culture structure and styles of management
346
Management philosophies
348
Styles of management
349
Culture and power
350
Culture and competitive advantage
352
hanging culture
353
Culture an international dimension
354
The Japanese culture and style of management
356
Summary
364
Questions and research assignments
365
Internet and library projects
366
Further reading
367
Finance in Action Financial Statements
369
Financial statements
370
Investment ratios
372
Performance ratios
374
Measures of financial status
377
Managing cash
379
Accounting for inflation
380
Internet and library projects
381
Strategy Creation
383
An Introduction to Strategy Creation
385
Strategy creation
386
Changing strategies
396
Military strategy revisited
399
Summary
401
Further reading
402
Strategic Planning
403
Strategic thinking and strategic planning
405
Introduction
441
Strategic leaders and strategic leadership
443
Entrepreneurs and entrepreneurship
453
Intrapreneurship
459
Visionary leadership
466
Issues in strategic leadership
473
Summary
481
Additional material on the web site
482
References
483
Corporate Strategy
485
Strategic Alternatives Strategy Evaluation and Strategy Selection
487
Introduction
490
Limited growth strategies
492
Substantive growth strategies
501
To diversify or not and how
510
Introducing strategy evaluation
521
Criteria for effective strategies
525
Decisionmaking
532
Judgement
538
Summary
541
Questions and research assignments
542
Internet and library projects
543
Finance in Action Financial Management
545
Investments and capital budgeting
549
Questions and research assignments
553
Strategic Growth
554
Introduction
557
Research into diversification and acquisition
561
Effective acquisition strategies
567
Strategic alliances an introduction
580
Forms and examples of strategic alliances and joint ventures
590
Key issues in joint ventures and strategic alliances
592
Franchising and licensing
594
Summary
596
Questions and research assignments
597
References
598
International Strategy
599
Introduction
601
International strategies
605
Stage models
618
Market entry strategies
619
Franchising
627
Constraints on internationalization
628
Future influences on international business
630
Summary
633
Internet and library projects
634
Failure Consolidation and Recovery Strategies
635
failure in context
638
Symptoms of decline
641
Causes of decline
643
Predicting a failure
648
Reprise
650
Retrenchment strategies
657
Turnaround strategies
659
Divestment strategies
665
Managing in a recession
670
Strategies for declining industries
672
Implementing recovery strategies
674
Summary
678
Questions and research assignments
679
Further reading
680
Strategy Implementation
681
Strategy Implementation
683
Strategy structure or structure strategy?
687
Implementation and change
690
Problems of successful implementation
691
Successful implementation
693
Structural alternatives
694
Structural forms
699
Summary
717
Questions and research assignments
718
Further reading
719
Managing Strategy in the Organization
721
corporate strategy and implementation
724
Styles of corporate management
726
a key corporate dilemma
735
Managing the corporate portfolio
739
Corporate parenting
742
The role of general managers
748
The modern organization
750
Strategic resource management
752
Policies budgets and control
758
Risk management
765
Crisis avoidance and management
774
Summary
791
Questions and research assignments
792
Internet and library projects
793
References
794
Leading Change
795
Introducing strategic change
800
Issues in the management of change
807
Strategies for implementation and change
818
Transformational change and strategic regeneration
823
Power and politics
828
Summary
837
Questions and research assignments
838
References
839
Final Thoughts The Purpose of Strategy
840
The purpose of strategy
841
Ten key elements of strategy
843
Strategic competencies
845
Strategic paradoxes
849
The crisisaverse organization
850
In conclusion what is strategy?
852
References
853
Glossary
854
Author index
864
Subject index
867
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