Higher Education

Understanding Business Strategy Concepts Plus, 3rd Edition

  • R. Duane Ireland Texas A&M University
  • Robert E. Hoskisson Rice University
  • Michael A. Hitt Texas A&M University and Texas Christian University
  • ISBN-10: 0538476818  |  ISBN-13: 9780538476812
  • 272 Pages
  • Previous Editions: 2009, 2006
  • © 2012 | Published
  • College Bookstore Wholesale Price = $173.00
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About

Overview

Introduce the knowledge and tools that today's most successful firms use to build business and consistently outperform the competition with the latest edition of Ireland/Hoskisson/Hitt's UNDERSTANDING BUSINESS STRATEGY CONCEPTS PLUS, Third Edition. This book clearly demonstrates to your students what today's most successful firms already know--how solid management strategy equals the decisive actions necessary to create sustainable competitive advantage. Written by strategy leaders recognized for their reliability and currency, this concise text's strong conceptual foundation highlights the latest strategic management research and cutting-edge practices. Students learn from both successes and failures in this action-oriented book as they examine the impact of business strategy in familiar firms and learn from the mistakes of those who failed to apply the strategic process. This edition's unique applied learning approach guides students, 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. Students develop practical workplace skills as UNDERSTANDING BUSINESS STRATEGY CONCEPTS PLUS, Third Edition's powerful cases, experiential exercises, and videos from world business leaders reinforce how solid strategy leads to responsive actions that separate successful firms from those that fail.

Features and Benefits

  • Present today's most current business strategy on every page: This edition's distinguished business authors have reviewed and updated each chapter with the latest business research so you can guide your students through the creation, implementation, and evaluation of the strategic process using the most accurate and up-to-date business strategy information available today.
  • Analyze familiar organizations with fresh new teaching cases: An up-to-date selection of full teaching cases available for your assign within CengageNOW, our online homework system, draws from a variety of well-known organizations, such as Apple, eBay, Mattel, Nintendo, Toyota, and familiar industries, giving students an opportunity to formulate, execute, and evaluate all parts of the strategic management process.
  • Hone student skills with updated, powerful Mini-Cases: This edition's numerous new and updated end-of-chapter Mini-Cases allow students to hone personal strategic management skills as they conduct a brief analysis, practice critical thinking, and implement actual strategy within each succinct case.
  • Ensure thorough understanding with Experiential Exercises: Two Experiential Exercises at the end of each chapter give students the opportunity to participate in the actual strategic management process--from the formulation of strategy and implementation of action through the final analysis--for a more thorough understanding of the chapter's topics.
  • Highlight global business leaders and challenges with new 50 Lessons videos: Bring the latest business challenges into your course with this powerful selection of 10 brief videos by 50 Lessons. Some of the world's most successful business leaders share their business acumen and outline guiding principles behind their most important business decisions and career progression on the Instructor's Resource DVD.
  • Ensure understanding with student-focused, step-by-step presentation: This book's unique applied approach presents concepts in easily digestible chunks using inviting colorful graphics and informative figures to help students retain information as they walk through the creation, planning, execution, and evaluation of the strategic management process.
  • Trust the text's accurate, reliable presentation: The text's distinguished authors continue to provide the most accurate, reliable presentation available in this new edition. You can teach with confidence, knowing your students are learning from the most accurate, up-to-date business strategy text on the market.
  • Provide in-depth, brief, and customized analysis with a variety of cases: Help students practice strategic management and critical-thinking skills with a wide selection of Full Teaching Cases that reflect today's latest developments and fresh Mini-Cases drawn from familiar industries. Cases allow students to plan, execute, and evaluate strategies in action and within context. You can even choose additional cases from Harvard, Ivey, and Darden through Cengage Learning Custom Solutions.
  • Build students' skills with strategy toolbox: Students closely analyze and evaluate how real firms use specific management tools or techniques within the strategic management process. This practical approach to business problems encourages students to think strategically. The outlined steps or approaches provide skills students can use in the workplace for their personal success.
  • Present unique perspectives within understanding strategy: Learning from success/learning from failure: At the heart of this book's action-oriented approach, your students learn to apply the strategic management process for short- and long-term success as they see the impact of business strategy at work in examples of familiar companies, drawn from recent business news. Your students even learn from mistakes of others as they examine strategies that did not work and see, first hand, the results in firms that failed to apply the strategic process.

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.

What's New

  • CengageNOW: This robust, online course management system gives you more control in less time and delivers better student outcomes — NOW. CengageNOW includes teaching and learning resources organized around lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. Flexible assignments, online case library, automatic grading and a gradebook option provide more control while saving you valuable time. A Personalized Study diagnostic tool empowers students to master concepts, prepare for exams, and become more involved in class.
  • Online Case Library: In this edition a full selection of new and updates case studies are available for you to assign to your class through CengageNOW, our dynamic online homework system. With cases delivered through CengageNOW, your students only see the cases that you have selected to use in your course.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Bundle: Text + Mike's Bikes Advanced Simulation Printed Access Card

ISBN-10: 1133012361  | ISBN-13: 9781133012368

List Price = $283.95  | CengageBrain Price = $283.95  | College Bookstore Wholesale Price = $213.50

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • Mike's Bikes Advanced Simulation, 1 term (6 months) Printed Access Card
    List Price = $54.00  | College Bookstore Wholesale Price = $40.50


Printed Text + Management CourseMate with eBook Instant Access Code

ISBN-10:  1133320031  | ISBN-13:  9781133320036

List Price = $242.95  | CengageBrain Price = $242.95  | College Bookstore Wholesale Price = $183.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • CourseMate Instant Access
    List Price = $160.00  | CengageBrain Price = $160.00  | College Bookstore Wholesale Price = $160.00


Printed Text + WebTutor™ on WebCT™ Instant Access Code

ISBN-10:  1133320082  | ISBN-13:  9781133320081

List Price = $242.95  | College Bookstore Wholesale Price = $183.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • WebTutor™ on WebCT™, 1 term (6 months) Instant Access
    List Price = $53.00  | College Bookstore Wholesale Price = $53.00


Bundle: Text + CengageNOW Printed Access Card

ISBN-10:  1133320023  | ISBN-13:  9781133320029

List Price = $242.95  | College Bookstore Wholesale Price = $183.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • CengageNOW Printed Access Card
    List Price = $100.00  | College Bookstore Wholesale Price = $75.00


Printed Text + CengageNOW Instant Access Code

ISBN-10:  1133320015  | ISBN-13:  9781133320012

List Price = $242.95  | CengageBrain Price = $242.95  | College Bookstore Wholesale Price = $183.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • CengageNOW Instant Access Code
    List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00


Printed Text + WebTutor™ on Blackboard® Instant Access Code

ISBN-10:  1133320066  | ISBN-13:  9781133320067

List Price = $242.95  | CengageBrain Price = $242.95  | College Bookstore Wholesale Price = $183.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • WebTutor™ on Blackboard®, 1 term (6 months) Instant Access
    List Price = $53.00  | CengageBrain Price = $53.00  | College Bookstore Wholesale Price = $53.00


ePack: Text + CengageNOW with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access Code

ISBN-10:  1285718089  | ISBN-13:  9781285718088

List Price = $249.95  | CengageBrain Price = $249.95  | College Bookstore Wholesale Price = $188.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • CengageNOW with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access Code
    List Price = $110.00  | CengageBrain Price = $110.00  | College Bookstore Wholesale Price = $110.00


ePack: Printed Text + CengageNOW Instant Access

ISBN-10:  1305592786 | ISBN-13:  9781305592780

List Price = $242.95  | CengageBrain Price = $242.95  | College Bookstore Wholesale Price = $183.00

This Bundle Includes:

  • Understanding Business Strategy Concepts Plus
    List Price = $229.95  | CengageBrain Price = $229.95  | College Bookstore Wholesale Price = $173.00
  • CengageNOW Instant Access Code
    List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00


Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Instructor's Resource CD-ROM  (ISBN-10: 1111821380 | ISBN-13: 9781111821388)

Place resources at your fingertips with this efficient Instructor's Resource DVD, including Instructor Resource Manual, Test Bank, ExamView Testing software, PowerPoint, Case Notes, and 50Lessons video series. This full array of teaching ancillaries have been updated to correspond with the new 3rd edition.

Instructor's Case Notes  (ISBN-10: 1111822204 | ISBN-13: 9781111822200)

The case notes include directed assignments, financial analysis, thorough discussion and exposition of issues in the case and an assessment rubric tied to AACSB assurance of learning standards that can be used for grading each case. The case notes provide consistent and thorough support for instructors, following the method espoused by the author team for preparing an effective case analysis. The case notes are available as a print supplement or electronically on the Instructor's Resource DVD and Companion Web Site.

CourseMate Instant Access  (ISBN-10: 1111750289 | ISBN-13: 9781111750282)

Engaging, track able, and affordable, the new Management CourseMate website offers a dynamic way to bring course concepts to life with interactive learning, study, and exam preparation tools that support this printed edition of the text. Watch student comprehension soar with all-new flash cards and engaging games, audio summaries, self assessments, streaming videos, and more in this textbook-specific website. A complete e-book provides you with the choice of an entire online learning experience. Management CourseMate goes beyond the book to deliver what you need!

List Price = $160.00  | CengageBrain Price = $160.00  | College Bookstore Wholesale Price = $160.00

Cengage Learning Write Experience 2.0 with eBook, 1 term (6 months) Instant Access  (ISBN-10: 1111864721 | ISBN-13: 9781111864729)

Cengage Learning's Write Experience is a technology product that allows you to assess written communication skills without adding to your workload. Instructors in all areas have told us it is important that students can write effectively in order to communicate and think critically. Through an exclusive partnership with a technology company, Cengage Learning's Write Experience allows you to do just that! This new product utilizes artificial intelligence to not only score student writing instantly and accurately but also provide students with detailed revision goals and feedback on their writing to help them improve. Write Experience is the first product designed and created specifically for the higher education market through an exclusive agreement with McCann Associates, and powered by e-Write IntelliMetric Within™. IntelliMetric is the gold standard for automated scoring of writing and is used to score the Graduate Management Admissions Test® (GMAT®) analytical writing assessment. Better Writing. Better Outcomes. Write Experience. Visit www.cengage.com/writeexperience to learn more.

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1111777861 | ISBN-13: 9781111777869)

Jumpstart your course with customizable, rich text specific content within your Course Management System! Jumpstart--Simply load a WebTutor™ cartridge into your Course Management System. Customizable--Instructor can easily blend, add, edit, reorganize, or delete content. Content--Rich text specific content, including quizzing, Web links, discussion topics, and more. Whether you want to Web-enable your class or put an entire course online, WebTutor™ delivers! Visit www.cengage.com/webtutor to learn more.

List Price = $53.00  | CengageBrain Price = $53.00  | College Bookstore Wholesale Price = $53.00

WebTutor™ on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 1111777888 | ISBN-13: 9781111777883)

Jumpstart your course with customizable, rich text specific content within your Course Management System! Jumpstart--Simply load a WebTutor™ cartridge into your Course Management System. Customizable--Instructor can easily blend, add, edit, reorganize, or delete content. Content--Rich text specific content, including quizzing, Web links, discussion topics, and more. Whether you want to Web-enable your class or put an entire course online, WebTutor™ delivers! Visit www.cengage.com/webtutor to learn more.

List Price = $53.00  | College Bookstore Wholesale Price = $53.00

CengageNOW Instant Access Code  (ISBN-10: 1111946167 | ISBN-13: 9781111946166)

This robust, online course management system gives you more control in less time and delivers better student outcomes — NOW. CengageNOW includes teaching and learning resources organized around lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. Flexible assignments, online strategic management case library, automatic grading and a gradebook option provide more control while saving you valuable time. A Personalized Study diagnostic tool empowers students to master concepts, prepare for exams, and become more involved in class.

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

LMS Integrated for CengageNow™ with Write Experience, 1 term (6 months) Instant Access  (ISBN-10: 1305943813 | ISBN-13: 9781305943810)

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

Student Supplements

MindLink for CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1133605931 | ISBN-13: 9781133605935)

List Price = $100.00  | College Bookstore Wholesale Price = $100.00

CourseMate Instant Access  (ISBN-10: 1111750289 | ISBN-13: 9781111750282)

Make the grade with CourseMate! This interactive website helps you make the most of your study time by accessing everything you need to succeed online in one convenient place. This new Management CourseMate provides an interactive eBook that allows you to take notes; highlight, bookmark, and search a complete e-book; and reference in-context glossary definitions. Numerous interactive learning tools, such as quizzes, flashcards, videos, and more, help you master today's management concepts.

List Price = $160.00  | CengageBrain Price = $160.00  | College Bookstore Wholesale Price = $160.00

Cengage Learning Write Experience 2.0 with eBook, 1 term (6 months) Instant Access  (ISBN-10: 1111864721 | ISBN-13: 9781111864729)

Cengage Learning's Write Experience is the first solution in higher education to offer you the opportunity to improve your written and critical-thinking skills with instant automated feedback. Write Experience provides real-time guidance, in your native language, as you write. After submitting your assignment, Write Experience evaluates your written assignment and provides immediate feedback on your writing while it is fresh in your mind. Write Experience not only scores your writing instantly and accurately but it also provides detailed revision goals and detailed feedback on your writing to help you improve. Better Writing. Better Outcomes. Write Experience.

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

CengageNOW with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access Code  (ISBN-10: 1285054830 | ISBN-13: 9781285054834)

Succeed in your management course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

List Price = $110.00  | CengageBrain Price = $110.00  | College Bookstore Wholesale Price = $110.00

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1111777861 | ISBN-13: 9781111777869)

More than just an interactive study guide, WebTutor™ is an anytime, anywhere online learning solution, keeping you connected to your textbook, instructor, and classmates.

List Price = $53.00  | CengageBrain Price = $53.00  | College Bookstore Wholesale Price = $53.00

WebTutor™ on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 1111777888 | ISBN-13: 9781111777883)

More than just an interactive study guide, WebTutor™ is an anytime, anywhere online learning solution, keeping you connected to your textbook, instructor, and classmates.

List Price = $53.00  | College Bookstore Wholesale Price = $53.00

CengageNOW Instant Access Code  (ISBN-10: 1111946167 | ISBN-13: 9781111946166)

CengageNOW is an easy-to-use online resource that helps you study in LESS TIME to get the grade you want NOW. A Personalized Study diagnostic tool assists you in accessing areas where you need to focus study. Built-in technology tools help you master concepts as well as prepare for exams and daily class.

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

CengageNOW with eBook, Live Plan, Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access Code  (ISBN-10: 1285188691 | ISBN-13: 9781285188690)

Succeed in your business course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

List Price = $110.00  | CengageBrain Price = $110.00  | College Bookstore Wholesale Price = $110.00

LMS Integrated for CengageNow™ with Write Experience, 1 term (6 months) Instant Access  (ISBN-10: 1305943813 | ISBN-13: 9781305943810)

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

Meet the Author

Author Bio

R. Duane Ireland

R. Duane Ireland is a University Distinguished Professor and holder of the Conn Chair in New Ventures Leadership in the Mays Business School, Texas A&M University. He teaches strategic management courses at all levels. He has more than 200 publications. His research, which focuses on diversification, innovation, corporate entrepreneurship, strategic entrepreneurship, and the informal economy, has been published in an array of journals. He has served as a member of multiple editorial review boards and is a former editor of the Academy of Management Journal. He has been a guest editor for 12 special issues of journals. He is a past president of the Academy of Management. Dr. Ireland is a fellow of the Academy of Management and a fellow of the Strategic Management Society. He is a research fellow in the Global Consortium of Entrepreneurship Centers and received an award in 1999 for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness. He received the Falcone Distinguished Entrepreneurship Scholar Award from Syracuse University in 2005, the USASBE Scholar in Corporate Entrepreneurship Award from USASBE in 2004, and the Riata Distinguished Entrepreneurship Scholar award from Oklahoma State University in 2014. He received awards for the best article published in Academy of Management Executive (1999), the Academy of Management Journal (2000), and the Journal of Applied Management and Entrepreneurship (2010). He received an Association of Former Students Distinguished Achievement Award for Research from Texas A&M University (2012). In 2014, Dr. Ireland was listed as a Thomson Reuters Highly Cited Researcher (a listing of the world's most influential researchers), and he was also listed as one of The World's Most Influential Scientific Minds (a listing of the top cited researchers in science around the globe).

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. He has coauthored 26 books, including recent books on business strategic and competitive advantage. Professor Hoskisson has served on several editorial boards for such publications as the Strategic Management Journal (current Associate Editor), Academy of Management Journal (Consulting Editor), Journal of International Business Studies (Consulting Editor), Journal of Management (Associate Editor) and Organization Science. His research has appeared in over 130 publications, including the Strategic Management Journal, Academy of Management Journal, Academy of Management Review, Organization Science, Journal of Management, Academy of Management Perspective, Academy of Management Executive, Journal of Management Studies, Journal of International Business Studies, Journal of Business Venturing, Entrepreneurship Theory and Practice, California Management Review, and the Journal of World Business. He is a fellow of the Academy of Management and a 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 William G. Dyer Alumni award from 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 as Past President and is on the Executive Committee of Board of Directors of the Strategic Management Society.

Michael A. Hitt

Michael Hitt is a University Distinguished Professor Emeritus at Texas A&M University and a Distinguished Research Fellow at Texas Christian University. Michael received his Ph.D. from the University of Colorado. He has coauthored or coedited 26 books and authored or coauthored many journal articles. A recent article listed him as one of the 10 most cited authors in management over a 25-year period. The Times Higher Education 2010 listed him among the top scholars in economics, finance and management based on the number of highly cited articles he has authored. A recent article in the Academy of Management Perspectives lists him as one of the top two management scholars in terms of the combined impact of his work both inside (i.e., citations in scholarly journals) and outside of academia. He has served on the editorial review boards of multiple journals and is a former editor of the Academy of Management Journal and a former coeditor of the Strategic Entrepreneurship Journal. He received the 1996 Award for Outstanding Academic Contributions to Competitiveness and the 1999 Award for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness. He is a fellow in the Academy of Management and in the Strategic Management Society, a research fellow in the Global Consortium of Entrepreneurship Centers and received an honorary doctorate from the Universidad Carlos III de Madrid. He is a former president of both the Academy of Management and of the Strategic Management Society and a member of the Academy of Management's Journals' Hall of Fame. He received awards for the best article published in the Academy of Management Executive (1999), Academy of Management Journal (2000), the Journal of Management (2006), and the Family Business Review (2012).