Higher Education

Competing for Advantage, 3rd Edition

  • Robert E. Hoskisson Rice University
  • Michael A. Hitt Texas A&M University and Texas Christian University
  • R. Duane Ireland Texas A&M University
  • Jeffrey S. Harrison University of Richmond
  • ISBN-10: 0538475161  |  ISBN-13: 9780538475167
  • 480 Pages
  • Previous Editions: 2008, 2004
  • © 2013 | Published
  • College Bookstore Wholesale Price = $128.00
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About

Overview

Discover what it takes to create a sustainable competitive advantage in management and business today with this straightforward, powerful strategic management resource. COMPETING FOR ADVANTAGE, 3E focuses specifically on the issues most important to today's current or future practitioner. The book details the processes and tools you need to better understand and effectively contribute to your organization's strategic management process. Applied examples illustrate the latest thinking, practices, and research in strategic management today with in-depth discussions that examine critical topics such as innovation, professional service and crisis management. Access to relevant cases, a focus on the emerging issues such as ethics, and an emphasis on technology throughout prepare you for success in the fast-paced, ever-changing global economy in which today's firms compete. Take your students to a new level of understanding strategic management concepts and practices with COMPETING FOR ADVANTAGE, 3E. Straightforward, focused, and concise, this edition presents the latest strategic management research and practices, now with more in-depth discussions of the most current strategic topics in business today. Detailed real-life examples and instant access to relevant cases keep the book focused on issues most important to current or future practitioners. Crafted to meet the special needs to MBA and executive MBA students, the book details the processes and tools used in strategic analysis to create a sustainable competitive advantage. Full chapters on strategic leadership, corporate governance, and a new chapter on real options examine issues most critical in today's business environment. Comprehensive new instructor support with electric solutions help you effectively prepare a powerful course that addressed traditional and relevant emerging topics that are shaping strategic management today.

Features and Benefits

  • Cutting-edge topics address the latest areas of strategic management with full chapters covering strategic leadership, entrepreneurship, and corporate governance.
  • Concise, straightforward text offers the flexibility and time to add your own cases and focused exercises to meet the specific needs of your course.
  • Excellent figures and tables help summarize and further clarify key topics.
  • Ethics, highlighted throughout the text and emphasized with special ethics questions at the end of each chapter, examine the ethical dimension of today's business decisions and management actions and offer valuable practice for students.
  • Knowledge Objectives at the beginning of each chapter clearly identify the key information within the chapter and help students focus on the most critical strategic issues.
  • End-of-Chapter Summaries reconnect the chapter-opening Knowledge Objectives with content students have learned and quickly highlight the chapter's most critical concepts, skills, and techniques to ensure comprehension.
  • Integrated coverage of business structures highlights the various organizational structures as well as the specific business level, corporate, international and cooperative strategies that are most appropriate for each structure.

Table of Contents

PART 1. STRATEGIC THINKING.
1. Introduction to Strategic Management.
2. Strategic Leadership.
PART 2. STRATEGIC ANALYSIS.
3. The External Environment.
4. The Internal Organization.
PART 3. CREATING COMPETITIVE ADVANTAGE.
5. Business-Level Strategy.
6. Competitive Rivalry and Competitive Dynamics.
7. Cooperative Strategy
8. Corporate-Level Strategy.
9. Acquisition and Restructuring Strategies.
10. International Strategy.
PART 4. MONITORING AND CREATING ENTREPRENEURIAL OPPORTUNITIES.
11. Corporate Governance.
12. Strategic Entrepreneurship.
13. Strategic Flexibility and Real Options Analysis.

What's New

  • New hot topics: innovation, professional service and crisis management.
  • Improved teaching supplements with effective electronic solutions--including an enhanced text companion website, immediate access to relevant cases, and stronger videos--correlate directly with the text to save you time in preparation and assessment.
  • New highlights are included for examples throughout the text for quick reference.

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: 0538481757 | ISBN-13: 9780538481755)

Find all the resources you need at your fingertips with this all-in-one source, including the Instructor's Manual, Test Bank in Word or ExamView computerized formats, PowerPoint slides, and more. It's everything you need to simplify preparation and assessments as you create a dynamic, interactive learning environment that prepares today's and tomorrow's practitioners for success.

Micromatic, 1 term (6 months) Printed Access Card  (ISBN-10: 0618641785 | ISBN-13: 9780618641789)

The Micromatic Business Simulation Game allows students to decide their company mission, goals, policies, and strategies. Student teams make their decisions on a quarter-by-quarter basis: determining price, sales and promotion budgets, operations decisions, and financing requirements. Each decision round requires students to make approximately 100 decisions. Students can play in teams or play alone; compete against other players, compete against the computer; use Micromatic for practice, tournaments, or for assessment. You can control any business simulation element you wish; leave the rest alone. Because of the number and type of decisions the student users must make, Micromatic is classified as a medium to complex business simulation game. This helps students understand how the functional areas of a business fit together without being bogged down in needless detail and provides students with an excellent capstone experience in decision-making.

List Price = $44.00  | College Bookstore Wholesale Price = $33.00

Mike's Bikes Advanced Simulation, 1 term (6 months) Printed Access Card  (ISBN-10: 1111866503 | ISBN-13: 9781111866501)

MikesBikes Advanced is a premier strategy simulation; providing students with the unique opportunity to evaluate, plan, and implement strategy as they manage their own company, while competing online against other students within their course. Students from the management team of a Bicycle Manufacturing company making all the key functional decisions involving Price, Marketing, Distribution, Finance, Operations, HR, and R&D. They will formulate a comprehensive strategy, starting with their existing product, then adapt as they develop new products for emerging markets. Through the Smartsims easy-to-use interface, students will be taught the cross-functional disciplines of business, and how the development and implementation of strategy involves these disciplines. The competitive nature of MikesBikes encourages involvement and learning in a way that no other teaching methodology can, and your students will have fun in the process!

List Price = $54.00  | College Bookstore Wholesale Price = $40.50

Global Economic Watch GEC Resource Center Printed Access Card  (ISBN-10: 1439040753 | ISBN-13: 9781439040751)

The current global economic crisis leaves more and more questions unanswered every day and presents "one of the most teachable moments of the century." South-Western delivers the solution. The Global Economic Crisis Resource Center is an online one-stop shopping location that provides educators with current news, journal articles, videos, podcasts, PowerPoint® slides, test questions, and much more.

List Price = $31.00  | College Bookstore Wholesale Price = $23.25

Business and Company Resource Center User's Guide (with Access Code)  (ISBN-10: 0759347956 | ISBN-13: 9780759347953)

Put a complete business library at your fingertips with The Business & Company Resource Center. The BCRC is a premier online business research tool that allows you to seamlessly search thousands of periodicals, journals, references, financial information, industry reports, company histories and much more.

List Price = $106.95  | CengageBrain Price = $106.95  | College Bookstore Wholesale Price = $80.25

Student Supplements

CourseMate with Career Transitions 2.0 Instant Access  (ISBN-10: 1285054695 | ISBN-13: 9781285054698)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Access an integrated eBook, learning tools including flashcards, quizzes, and more, all designed specifically to work with COMPETING FOR ADVANTAGE, 3rd Edition.

List Price = $118.00  | CengageBrain Price = $118.00  | College Bookstore Wholesale Price = $118.00

Cengage Learning Write Experience 2.0 Powered by MyAccess with eBook, 1 term (6 months) Instant Access  (ISBN-10: 1285054725 | ISBN-13: 9781285054728)

Successfully complete your management writing assignments with Write Experience 2.0. This innovative system scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence

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

Micromatic, 1 term (6 months) Printed Access Card  (ISBN-10: 0618641785 | ISBN-13: 9780618641789)

The Micromatic Business Simulation Game allows students to decide their company mission, goals, policies, and strategies. Student teams make their decisions on a quarter-by-quarter basis: determining price, sales and promotion budgets, operations decisions, and financing requirements. Each decision round requires students to make approximately 100 decisions. Students can play in teams or play alone; compete against other players, compete against the computer; use Micromatic for practice, tournaments, or for assessment. You can control any business simulation element you wish; leave the rest alone. Because of the number and type of decisions the student users must make, Micromatic is classified as a medium to complex business simulation game. This helps students understand how the functional areas of a business fit together without being bogged down in needless detail and provides students with an excellent capstone experience in decision-making.

List Price = $44.00  | College Bookstore Wholesale Price = $33.00

Mike's Bikes Advanced Simulation, 1 term (6 months) Printed Access Card  (ISBN-10: 1111866503 | ISBN-13: 9781111866501)

MikesBikes Advanced is a premier strategy simulation; providing students with the unique opportunity to evaluate, plan, and implement strategy as they manage their own company, while competing online against other students within their course. Students from the management team of a Bicycle Manufacturing company making all the key functional decisions involving Price, Marketing, Distribution, Finance, Operations, HR, and R&D. They will formulate a comprehensive strategy, starting with their existing product, then adapt as they develop new products for emerging markets. Through the Smartsims easy-to-use interface, students will be taught the cross-functional disciplines of business, and how the development and implementation of strategy involves these disciplines. The competitive nature of MikesBikes encourages involvement and learning in a way that no other teaching methodology can, and your students will have fun in the process!

List Price = $54.00  | College Bookstore Wholesale Price = $40.50

Global Economic Watch GEC Resource Center Printed Access Card  (ISBN-10: 1439040753 | ISBN-13: 9781439040751)

The current global economic crisis leaves more and more questions unanswered every day and presents "one of the most teachable moments of the century." South-Western delivers the solution. The Global Economic Crisis Resource Center is an online one-stop shopping location that provides you with current news, journal articles, videos, podcasts, PowerPoint® slides, test questions, and much more.

List Price = $31.00  | College Bookstore Wholesale Price = $23.25

Business and Company Resource Center User's Guide (with Access Code)  (ISBN-10: 0759347956 | ISBN-13: 9780759347953)

Put a complete business library at your fingertips with The Business & Company Resource Center. The BCRC is a premier online business research tool that allows you to seamlessly search thousands of periodicals, journals, references, financial information, industry reports, company histories and much more.

List Price = $106.95  | CengageBrain Price = $106.95  | College Bookstore Wholesale Price = $80.25

Meet the Author

Author Bio

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).

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).

Jeffrey S. Harrison

Author Jeffrey S. Harrison provides an authoritative voice of practical experience to this book. He serves as the W. David Robbins Chair of Strategic Management in the Robins School of Business at the University of Richmond. Prior to his current appointment, he served on the faculty at Cornell University. Dr. Harrison's research interests include strategic management and business ethics, with particular expertise in the areas of mergers and acquisitions, diversification, strategic alliances, and stakeholder management. Much of his work has been published in prestigious academic journals, such as ACADEMY OF MANAGEMENT JOURNAL, STRATEGIC MANAGEMENT JOURNAL, and JOURNAL OF BUSINESS ETHICS. He helped create the Stakeholder Strategy Interest Group at the Strategic Management Society and has served in a variety of leadership roles in that group. He has authored or coauthored ten books and has served as a management consultant or trainer for dozens of respected companies.