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Strategic Management: Concepts and Cases: Competitiveness and Globalization

By Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson, Jeffrey S. Harrison

14th Edition © 2024
Discipline:Management
Course:Strategic Management
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Introduce strategic management with the market-leading text that sets the standard for this course. Written by prominent management scholars and award-winning instructors, Hitt/Ireland/Hoskisson/Harrison's STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION, 14E provides an intellectually rich, yet practical, analysis of strategic management. The authors combine a classic industrial organization model with a resource-based view of the firm and a stakeholder perspective to demonstrate how businesses establish competitive advantages and create value for stakeholders. Twenty business cases cover U.S. and international businesses across many industries. Cutting-edge research provides a strong global focus and helps students interpret the actions of more than 600 emerging or established companies. Almost all Opening Cases, Strategic Focus segments and mini-cases are new, and MindTap and Cengage Infuse online resources are also available to help students become strategic leaders.

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About this product

Introduce strategic management with the market-leading text that sets the standard for this course. Written by prominent management scholars and award-winning instructors, Hitt/Ireland/Hoskisson/Harrison's STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION, 14E provides an intellectually rich, yet practical, analysis of strategic management. The authors combine a classic industrial organization model with a resource-based view of the firm and a stakeholder perspective to demonstrate how businesses establish competitive advantages and create value for stakeholders. Twenty business cases cover U.S. and international businesses across many industries. Cutting-edge research provides a strong global focus and helps students interpret the actions of more than 600 emerging or established companies. Almost all Opening Cases, Strategic Focus segments and mini-cases are new, and MindTap and Cengage Infuse online resources are also available to help students become strategic leaders.

THE LATEST RESEARCH, CURRENT FINDINGS AND NEW CASES KEEP MATERIAL IMMEDIATELY RELEVANT TO STUDENTS. This edition integrates today's most current research and developments to ensure content is engaging. Twenty new cases focus on a variety of topics, organizational settings and industries to emphasize the practicality of what students are learning.

FRESH NEW "STRATEGIC FOCUS" SEGMENTS EMPHASIZE THE HOW BUSINESSES APPLY KEY CONCEPTS. Students examine insights from interesting, international strategy leaders in today's business world. These segments review the actual decisions these leaders have implemented, and students explore how these decisions influence strategy within a variety of organizations.

MINI-CASES IN EVERY CHAPTER PROMPT MEANINGFUL DISCUSSION AND ANALYSIS. Thirteen mini-cases -- one for each chapter -- provide rich content that serves as a catalyst for thoughtful class discussion or individual or group analysis. A set of thought-provoking questions following each mini-case guides analysis and discussion.

MINDTAP DIGITAL LEARNING SUITE ENGAGES AND TEACHES STUDENTS TO THINK LIKE MANAGERS. You can streamline planning with a fully customizable learning path designed specifically for your strategic management course. MindTap offers engaging activities, including multimedia quizzing, directed cases and branching exercises. You can even create a collaborative work environment in which students can complete case analysis projects. You can also easily track student progress in real time with measurable learning objectives and analytics.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
Preface
Acknowledgments
About the Authors
Part 1. Strategic Management Inputs
Part 2. Strategic Actions: Strategy Formulation
Part 3. Strategic Actions: Strategy Implementation
Part 4. Case Studies

Part 1. Strategic Management Inputs

Chapter 1. Strategic Management and Strategic Competitiveness
Preview this section ↗
1-1. An Overview of Strategy and Strategic Competitiveness ↗
1-2. The Competitive Landscape ↗
1-2a. The Global Economy ↗
1-2b. Technology and Technological Changes ↗
1-2c. Social Responsibility ↗
1-3. The I/O Model of Above-Average Returns ↗
1-4. The Resource-Based Model of Above-Average Returns ↗
1-5. The Stakeholder Model of Above-Average Returns ↗
1-5a. Managing for Stakeholders ↗
1-6. Vision, Mission, and Values ↗
1-6a. Vision ↗
1-6b. Mission ↗
1-6c. Values ↗
1-7. Strategic Leaders ↗
1-8. The Strategic Management Process ↗
Summary ↗
Key Terms ↗
Review Questions ↗
Mini-Case. Kipling Instruments Faces a Severe Economic and Ethical Dilemma ↗
Chapter 2. The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis
2-1. Understanding the Firm’s External Environment
2-2. The General and Industry EnvironmentsLearning Objective
2-3. External Environmental Analysis
2-3a. Scanning
2-3b. Monitoring
2-3c. Forecasting
2-3d. Assessing
2-4. Seven Segments of the General Environment
2-4a. The Demographic Segment
2-4b. The Economic Segment
2-4c. The Political/Legal Segment
2-4d. The Sociocultural Segment
2-4e. The Technological Segment
2-4f. The Global Segment
2-4g. The Sustainable Physical Environment Segment
2-5. Industry Environment Analysis: The Five Competitive Forces
2-5a. Threat of New Entrants
2-5b. Bargaining Power of Suppliers
2-5c. Bargaining Power of Buyers
2-5d. Threat of Substitute Products
2-5e. Intensity of Rivalry among Competitors
2-5f. Interpreting Industry Analyses
2-6. Strategic Groups and Their Influence
Competitor Analysis
2-7a. Ethical Considerations
Summary
Key Terms
Review Questions
Mini-Case. Instacart Looks for New Ways to Succeed in a Rapidly Changing and Increasingly Competitive Environment
Chapter 3. The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages
3-1. Understanding the Firm’s Internal Environment
3-1a. Why Understand the Internal Organization
3-2. Creating Value and Its Importance
3-3. Resources, Tangible and Intangible
Tangible Resources
3-4. Capabilities and Core Competencies
3-4a. Core Competencies
3-4b. Building Core Competencies
3-5. The Four Criteria of Sustainable Competitive Advantage
Valuable
3-6. Value Chain Analysis
3-7. Reasons for Outsourcing
3-8. Competencies, Strengths, Weaknesses, and Strategic Decisions
Summary
Key Terms
Review Questions
Mini-Case. How Publix Leverages Its Resources and Capabilities to Create a Sustainable Competitive Advantage

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