Understanding Business Strategy: Concepts and Cases / Edition 2

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Overview

Discover the knowledge and tools that today's most successful firms use to build business and consistently outperform the competition when you open the latest edition of Ireland/Hoskisson/Hitt's UNDERSTANDING BUSINESS STRATEGY: CONCEPTS AND CASES, Second Edition. This concise, hands-on approach by recognized leaders in business strategy clearly demonstrates how solid management strategy equals the decisive, responsive action that prosperous firms use to create sustainable competitive advantage. This edition guides you, step-by-step, through creating strong strategy, planning for success, implementing responsive action, competing effectively with strategy, analyzing the environment and firm, and improving upon results. The authors clearly connect strategy concepts to the real business world, giving you the unique opportunity to examine and learn from strategy that has worked as well as strategy that has failed within familiar companies. The latest research and insights from global business leaders, extensive examples, and practical cases help equip you with the hands-on skills and career tools for your own superior performance and strategic management success.

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Product Details

  • ISBN-13: 9780324578997
  • Publisher: Cengage Learning
  • Publication date: 10/8/2008
  • Series: Strategic Management Series
  • Edition description: Older Edition
  • Edition number: 2
  • Pages: 528
  • Product dimensions: 8.50 (w) x 11.00 (h) x 0.90 (d)

Meet the Author

R. Duane Ireland is Distinguished Professor and the Foreman R. and Ruby S. Bennett Chair in Business at the Mays Business School, Texas A&M University, where he previously served as head of the management department. He teaches strategic management courses to undergraduate, masters, doctoral, and executive students. He has more than 175 publications, including more than a dozen books. His research on diversification, corporate entrepreneurship, and strategic entrepreneurship has been published in Academy of Management Journal, Academy of Management Executive, Strategic Management Journal, Journal of Management, Strategic Entrepreneurship Journal, Entrepreneurship Theory and Practice, Journal of Management Studies and others. He has served on editorial review boards for the Academy of Management Journal, Journal of Management, Journal of Business Venturing, Journal of Business Strategy, European Management Journal and others. He is current editor of the Academy of Management Journal. He has completed editorial terms for Academy of Management Journal, Academy of Management Executive, and Entrepreneurship Theory and Practice. He has co-edited special issues of Academy of Management Review, Academy of Management Executive, Journal of Business Venturing, and Organizational Research Methods and others. He received awards for the best article published in Academy of Management Executive and Academy of Management Journal. He is a Fellow of the Academy of Management and 21st Century Entrepreneurship Research Scholar. He served a three-year term as Representative-at-Large for the Academy of Managements Board of Governors. He received the Award for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness and the USASBE Scholar in Corporate Entrepreneurship Award.

Robert E. Hoskisson is the George R. Brown Chair of Strategic Management at the Jesse H. Jones Graduate School of Business, Rice University. He received his Ph.D. from the University of California-Irvine. Dr. Hoskisson's research topics focus on corporate governance, acquisitions and divestitures, corporate and international diversification, and cooperative strategy. He teaches courses in corporate and international strategic management, cooperative strategy, and strategy consulting. Dr. Hoskisson's research has appeared in more than 120 publications, including the Academy of Management Journal, Strategic Management Journal, Journal of Management, Journal of International Business Studies, Journal of Management Studies, Academy of Management Executive, and others. He has co-authored 26 books, including recent books on business strategic and competitive advantage. He is currently Associate Editor of the Strategic Management Journal and Consulting Editor for the Journal of International Business Studies. He also serves on the Editorial Review board for the Academy of Management Journal. He has served on editorial boards for Academy of Management Journal, Journal of Management, Journal of Management Studies, and Entrepreneurship Theory and Practice, and others. He is Special Professor at the University of Nottingham and Honorary Professor at Xi-an Jiao Tong University. He is a Fellow of the Academy of Management and charter member of the Academy of Management Journal's Hall of Fame. He is also a Fellow of the Strategic Management Society and has received awards from the American Society for Competitiveness and the Marriott School of Management, Brigham Young University. He completed three years of service as Representative-at-Large for the Board of Governors of the Academy of Management and currently serves on Board of Directors of the Strategic Management Society.

Michael A. Hitt is a Distinguished Professor and holds the Joe B. Foster Chair in Business Leadership at Texas A&M University. He received his Ph.D. from the University of Colorado. He has more than 260 publications including 26 co-authored or co-edited books. He has been recognized as one of the ten most cited scholars in management over a 25-year period in an article published in the 2008 volume of the Journal of Management. His books include those focused on down scoping, mergers and acquisitions as well as COMPETING FOR ADVANTAGE, 2nd Edition (South-Western, 2008); and UNDERSTANDING BUSINESS STRATEGY, 2nd Edition (South-Western Cengage Learning, 2009). He is co-editor of numerous management, organization, strategy and development books. He has served on the editorial review boards of multiple journals, including the Academy of Management Journal, Academy of Management Executive, Journal of Applied Psychology, Journal of Management, Journal of World Business, and Journal of Applied Behavioral Sciences. In addition, he has served as Consulting Editor and Editor of the Academy of Management Journal. He is currently a co-editor of the Strategic Entrepreneurship Journal. He is the current past president of the Strategic Management Society and is a past president of the Academy of Management. He is a Fellow in the Academy of Management and in the Strategic Management Society. He received an honorary doctorate from the Universidad Carlos III de Madrid and is an Honorary Professor and Honorary Dean at Xi'an Jiao Tong University. He has been acknowledged with several awards for his scholarly research and he received the Irwin Outstanding Educator Award and the Distinguished Service Award from the Academy of Management. He has received best paper awards for articles published in the Academy of Management Journal, Academy of Management Executive, and Journal of Management.

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Table of Contents

1. The Foundations of Strategic Management. 2. Leading Strategically. 3. Analyzing the External Environment. 4. Analyzing the Firm. 5. Business-Level Strategy. 6. Multi-Product Strategies. 7. Acquiring and Integrating Businesses. 8. Competing Across Borders. 9. Creating and Maintaining Alliances. 10. Innovating through Strategic Entrepreneurship. CASE STUDIES: 1. Alaska Coffee Company: From Small to Large, One Bean at Time. 2. Apple Computer Inc.: Maintaining the Music Business While Introducing iPhone and Apple TV. 3. Blockbuster, Inc.: A Giant at the Crossroads. 4. Trouble Carmaker Chrysler: Can Cerberus be its Holy Grail? 5. Dell Computer: Back to the Future. 6. Delta Air Lines: Changing Dynamics of US Airline Industry. 7. eBay's Strategy in China: Alliance or Acquisition. 8. Gap Inc.: Has the Retailer Lost Its Style? 9. JetBlue Airways: Growing Pains? 10. Lazier Industries. 11. Rebuilding LEGO Group through Creativity and Community. 12. Mattel and the Toy Recalls. 13. Executive Compensation at Nabors Industries: Too Much, Too Little, or Just Right? 14. Bonus Track: Leadership and Vision in Network Rail. 15. The Wii: Nintendo's Video Game Revolution. 16. Global Wine and Spirits Giant Pernod Ricard's Growth Strategies. 17. Sk-II: Damage Control in China. 18. The Toyota Production System: "The Scent of the Cornered Ferret." 19. Valeant Pharmaceuticals International: North America. 20. Wynn Resorts, Ltd.

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