Lecture Strategic Management - Lesson 1: Introduction and overview has content 1.1. The definition of strategy and its importance, 1.2. Charting a company’s direction: Vision and Mission, Objectives and Strategy, 1.3. Strategy, ethics and corporate social responsibility.
This lecture introduces you to strategic management. This chapter includes contents: The concept of strategic management, role of competitive analysis in strategy formulation, formulating corporate level strategy, formulating business level strategy, formulating functional level strategy, strategy implementation.
Bài giảng Chapter 1: Strategic Management and Strategic Competitiveness với các vấn đề chính như: Strategic Competitiveness; Sustained Competitive Advantage; Above-Average Returns;... Hy vọng tài liệu là nguồn thông tin hữu ích cho quá trình học tập và nghiên cứu của các bạn.
Chapter 1 - Strategic management: Creating competitive advantages. After reading this chapter, you should have a good understanding of the following learning objectives: The definition of strategic management and its four key attributes, the strategic management process and its three interrelated and principal activities, the vital role of corporate governance and stakeholder management, as well as how "symbiosis" can be achieved among an organization's stakeholders,...
Chapter 5 - Business-level strategy: Creating and sustaining competitive advantages. After reading this chapter, you should have a good understanding of the following learning objectives: The central role of competitive advantage in the study of strategic management, and the three generic strategies: overall cost leadership, differentiation, and focus; how the successful attainment of generic strategies can improve a firm's relative power vis-à-vis the five forces that determine an industry's average profitability;...
Chapter 13 - Analyzing strategic management cases. After reading this chapter, you should have a good understanding of the following learning objectives: How strategic case analysis is used to simulate real-world experiences; how analyzing strategic management cases can help develop the ability to differentiate, speculate, and integrate when evaluating complex business problems; the steps involved in conducting a strategic management case analysis;...
Chapter 2 - The external environment: Opportunities, threats, industry competition, and competitor analysis. Studying this chapter should provide you with the strategic management knowledge needed to: Explain the importance of analyzing and understanding the firm’s external environment, define and describe the general environment and the industry environment, discuss the four activities of the external environmental analysis process,...
What is strategic management? What are the foundations of strategic analysis? What are corporate strategies and how are they formulated? What are business strategies and how are they formulated? What are current issues in strategy implementation?
Chapter 4 - Business-level strategy. Studying this chapter should provide you with the strategic management knowledge needed to: Define business-level strategy; discuss the relationship between customers and business-level strategies in terms of who, what, and how; explain the differences among business-level strategies;...
Chapter 5 - Competitive dynamics. Studying this chapter should provide you with the strategic management knowledge needed to: Define competitors, competitive rivalry, competitive behavior, and competitive dynamics; describe market commonality and resource similarity as the building blocks of a competitor analysis; explain awareness, motivation, and ability as drivers of competitive behavior;...
Chapter 6 - Corporate-level strategy. Studying this chapter should provide you with the strategic management knowledge needed to: Define corporate-level strategy and discuss its purpose; describe different levels of diversification with different corporate-level strategies; explain three primary reasons firms diversify; describe how firms can create value by using a related diversification strategy;...
Chapter 7 - Acquisition and restructuring strategies. Studying this chapter should provide you with the strategic management knowledge needed to: Explain the popularity of acquisition strategies in firms competing in the global economy, discuss reasons why firms use an acquisition strategy to achieve strategic competitiveness, describe seven problems that work against developing a competitive advantage using an acquisition strategy,...
Chapter 1 - Strategic management and strategic competitiveness. Studying this chapter should provide you with the strategic management knowledge needed to: Define strategic competitiveness, strategy, competitive advantage, above-average returns, and the strategic management process; describe the 21st-century competitive landscape and explain how globalization and technological changes shape it; use the industrial organization (I/O) model to explain how firms can earn above-average returns;...
Chapter 10 - Corporate governance. Studying this chapter should provide you with the strategic management knowledge needed to: Define corporate governance and explain why it is used to monitor and control managers’strategic decisions, explain why ownership has been largely separated from managerial control in the modern corporation, define an agency relationship and managerial opportunism and describe their strategic implications,...
Chapter 11 - Organizational structure and controls. Studying this chapter should provide you with the strategic management knowledge needed to: Define organizational structure and controls and discuss the difference between strategic and financial controls, describe the relationship between strategy and structure, discuss the functional structures used to implement business-level strategies,...
Chapter 13 - Corporate entrepreneurship and innovation. Studying this chapter should provide you with the strategic management knowledge needed to: Define strategic entrepreneurship and corporate entrepreneurship; define entrepreneurship and entrepreneurial opportunities and explain their importance; define invention, innovation, and imitation and describe the relationship among them; describe entrepreneurs and the entrepreneurial mind-set;...
This edition continues the theme that runs throughout all 12 chapters: global environmental
sustainability. This strategic issue will become even more important in the years ahead, as all
of us struggle to deal with the consequences of climate change, global warming, and energy
availability. We continue to be the most comprehensive strategy book on the market, with
chapters ranging from corporate governance and social responsibility to competitive strategy,
functional strategy, and strategic alliances.
Since the eighth edition was published, this book has strengthened its position as a
market leader in the Strategic Management market. This tells us that we continue
to meet the expectations of existing users and attract many new users to our book.
It is clear that most strategy instructors share with us a concern for our currency in
the text and its examples to ensure that cutting-edge issues and new developments in
strategic management are continually addressed.
Understand what a strategy is and identify the
difference between business-level and corporatelevel
strategy. Recognize the difference between a fundamental
and a dynamic competitive advantage. Describe the determinants of competitive advantage. Understand why we study strategic management.
Modern organizations have been required to make significant transformations
in response to an accelerating rate of change in technical, social, political, and
economic forces. As a result of these changing forces, the management process
has become more difficult, requiring greater skills aimed at guiding the future
course of an organization in a rapidly evolving and uncertain world. These skills
are the essence of strategic management.
Strategic management is concerned with deciding in advance what an organization
should do in the future (strategic planning).