Strategic Management 1e
ISBN-13: 9781408019184 / ISBN-10: 1408019183
Volberda, Morgan and Reinmoeller have joined with Hitt, Ireland and Hoskisson to develop a truly landmark strategic management textbook that is ideally suited for courses in Europe, the Middle East and Africa as well as other global markets. With a new process perspective to supplement the text’s trademark integrated approach, Strategic Management: Competitiveness and Globalization provides the most comprehensive and thorough coverage of strategic management now available in the market.
PART I: STRATEGIC MANAGEMENT INPUTS
1 Strategic management and strategic competitiveness
2 The external environment
3 The internal organization
4 Integrating internal and external resources
PART II: REFINING THE STRATEGIC ACTIONS
5 Business-level strategy
6 Competitive rivalry and competitive dynamics
7 Corporate-level strategy
8 Strategic acquisition and restructuring
9 International strategy
10 Cooperative strategy
PART IIII: IMPLEMENTATION OF STRATEGIC ACTIONS
11 Strategic leadership
12 Corporate governance
13 Organizational structure and controls
14 Strategic entrepreneurship
15 Strategic renewal
PART IV: INEGRATIVE CASES
List of in-text opening and closing cases
Opening Case Airbus + Boeing
Closing Case The Nano within Tata Group: Tata Motors’ rise and a revolution in the global automotive industry
Opening Case Indian Oil Corporation
Closing Case Does Google have the market power to ignore external pressures?
Opening Case Gazprom: Strong pipelines
Closing Case RIM at the Edge: Privacy, Protection, Policy and Company Performance
Opening Case Muji: Designing with Markets
Closing Case Japanese Manga, Publishers and Innovation Models
Opening Case Acer Group: Using a “Bare Bones” Cost Structure to Succeed in Global PC
Closing Case BMW differentiates with MINI
Opening Case Vodafone Group PLC & Competition in the U.K. mobile phone network
Closing Case GlaxoSmithKline: finding a balance between GSK’s strategic change with tactical implications
Opening Case Fosters’ Group Diversification into the Wine Business
Closing Case The British Broadcasting Corporation (BBC) and Diversification Limits
Opening Case Cross-Border Acquisitions: Trends and Patterns
Closing Case DaimlerChrysler is Now Daimler AG—The Failed Merger with Chrysler Corporation
Opening Case Entry into China by Foreign Firms and Chinese Firms Reaching for Global
Closing Case Al Jazeera—Successful Transformation from a Regional to Global Channel
Opening Case Using Cooperative Strategies at IBM
Closing Case BT and HP—Pursuing a successful strategic alliance
Opening Case Selecting a New CEO: The Importance of Strategic Leaders
Closing Case Robert Polet, the ice cream man who made Gucci hot again
Opening Case Siemens Bribery
Closing Case Europe’s Enron - Parmalat
Opening Case Restructuring Nestlé
Closing Case Oticon’s ‘Spaghetti Organization’.
Opening Case The continuing innovation revolution at Nokia; The case of car navigation
Closing Case The case of the Dutch Life Sciences sector
Opening Case Sustained strategic renewal at Royal Dutch Shell plc 1907-2009
Closing Case Novotel’s Transformational Renewal Journey
"At last! A strategy book that achieves true balance: balance in the choice of geographies and industries represented; balance in the treatment of strategy development and strategy implementation; and balance between an external perspective on competitive landscapes and an internal perspective on resources" - Professor Marcus Alexander, Adjunct Associate Professor of Strategic and International Management, London Business School, UK
"Strategic Management: Competitiveness and Globalization is a stimulating and engaging textbook which strikes a great balance between theory and case application. I am sure students will love the video cases. The book provides the perfect platform to help student develop critical thinking and this is to be highly commended" - Professor Véronique Ambrosini, Associate Editor of British Journal of Management, Academy of Management Councilmember and Professor of Strategic Management at Birmingham Business School, UK
"In this excellent textbook, the authors’ knowledge and deep understanding of the strategic management field shines through in an insightful and accessible way. The extensive reference list of academic papers and books is a distinctive characteristic of the book, and a very useful complement for readers to further dig deeper into the subject of strategic management" - Dr Olivier Furrer, Associate Professor of Strategic Management, Nijmegen School of Management, Radboud University Nijmegen, Netherlands
"This textbook is a welcome addition to the study of strategic management in Europe and the experienced author team provide a detailed insight into the latest research in this fi eld. The balance of theory and real life examples engages the student, demonstrating both the process viewpoint and the integrated approach to studying strategic management. Extensive references and digital support resources also encourage critical thinking and further research" - Professor Thomas Hutzschenreuter, Dietmar Hopp Professor of Corporate Strategy and Academic Director of Doctoral Studies, WHU Otto Beisheim School of Management, Germany
"Strategic Management is an authoritative and insightful book, written by a team of world-class management scholars. Their approach to globalization and to technology is particularly refreshing. The emphasis on companies that internationalize from emerging economies is of great value. Cutting edge ideas, innovative case studies and holisticanalysis fuse to ensure the reader is both informed and inspired" - Professor Thomas C. Lawton, Professor of Strategy and International Business, EMLYON Business School, France
"This well known textbook offers a comprehensive and thorough overview of all relevant areas of strategic management. It skilfully blends fascinating case studies from Europe and the US with strong theoretical insights. It is a rich source of knowledge, both for students as well as executives eager to deepen their understanding of the discipline" - Professor Christoph Lechner, Managing Director of the Institute of Management, University of St. Gallen, Switzerland
"This is a wonderful textbook, covering the latest thinking on strategic management from a variety of theoretical perspectives. The ideas are presented clearly and in an organised way and concepts are highlighted through the use of modern and international company examples. This book is a joy to read and students everywhere will find it an indispensable part of their libraries" - Professor Costas Markides, Robert P. Bauman Professor of Strategic Leadership, London Business School, UK
"Strategic Management: Competitiveness and Globalization is a contemporary, innovative, and truly international textbook that will become a standard in our discipline. It acknowledges a changing and more distributed nature of value creation that is characterizing today’s businesses" - Professor Frank Piller, Professor of Management and Director of the Technology & Innovation Management Group, RWTH Aachen University, Germany
"This new adaptation offers revolutionary clarity for students of strategic management. A refreshingly colourful layout and presentation far exceeds existing offerings in this fi eld. The vivid case studies and intelligent analysis make this complex subject, from the theoretical underpinnings to the more applied sections, easy to access. As an academicwho has researched and taught this material at all university levels and applied it for real, I can fully recommend this authentic, well-founded and practical text" - Professor John Powell, Professor of Strategy and Director of University of Stellenbosch Business School, University of Stellenbosch, South Africa
"This textbook already in its 9th edition in the US has fi nally arrived in Europe, adapted and tailored to the European context. Thanks to the contributions of the added authors, a great textbook crosses boundaries and no doubt will be an important tool to develop the fi eld of strategy in Europe" - Professor Joan E. Ricart, Carl Schrøder Professor of Strategic Management, President of the Strategic Management Society and Chairman of the Strategic Management Department, IESE Business School, University of Navarra, Spain
Henk W. Volberda
Henk W. Volberda is Professor of Strategic Management and Business Policy and Director Knowledge Transfer at the Rotterdam School of Management, Erasmus University where he previously served as Chair of the Department of Strategic Management and as Vice-Dean of the Business School. He is director of the Erasmus Strategic Renewal Centre (ESR) and Fellow and Director of the Strategy Research Program of the Erasmus Research Institute of Management (ERIM). He is also Chairman of the Executive Board and Scientific Director of the top institute INSCOPE: Research for Innovation, and Board member of the Netherlands Institute for Social Innovation (NCSI). Moreover, he is Vice-President of the European Academy of Management (EURAM) and Chair of the Interest Group Strategic Management.
Robert E. Morgan
Robert E. Morgan is holds the Sir Julian Hodge Chair and is Professor of Marketing and Strategy at Cardiff Business School, Cardiff University. He has been Visiting Scholar at INSEAD and Visiting Professor at the ALBA Graduate School of Business. Having published more than one hundred scholarly articles in marketing, his recent research focuses on mainstream strategy and the marketing and strategy interface. From this research articles from his: capabilities-based projects have appeared in the Strategic Management Journal, Journal of Business Research and Long Range Planning; international entrepreneurship projects have appeared in the Journal of the Academy of Marketing Science and the Journal of International Marketing; and, organizational learning projects have appeared in the Journal of Management Studies, British Journal of Management and Industrial Marketing Management. He is the recipient of many research distinctions and excellence awards for his management writing and teaching. He serves on the Editorial Review Boards of six international journals and was, until recently, Co-Editor of International Marketing Review. Rob Morgan has been engaged as a Special UK Government Advisor since 1997 drawing upon his research expertise in international entrepreneurship. He has conducted extensive government advisory work ranging from the carrying out of tailored primary research activities through to project impact, evaluation and assessment of policy initiatives.
Patrick Reinmoeller is Professor of Strategic Management at Cranfield University's Cranfield School of Management. As Visiting Professor at ICS and IIR, Hitotsubashi University (Tokyo), LIUC University Castellanza (Italy) and St. Gallen University (Switzerland) he has lead workshops with practitioners, graduate students and PhD seminars. Dr. Reinmoeller is a member of the editorial board of the International Journal of Learning and Intellectual Capital, International Journal of Technology Intelligence and Planning, International Journal of Strategic Change Management. He reviews for Academy of Management Review, Organization Science, Organization Studies, MIT Sloan Management, Journal of Management Studies, and other leading journals, and he has won reviewer awards at the Academy of Management. He is active in executive education and consulting in the areas of strategy development, implementation, and innovation. He has worked with organizations such as Atos Origin, GSK Biologicals, IAEA, KPN, Schlumberger, Philips and others.
Michael A. Hitt
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.
R. Duane Ireland
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
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.