tenth edition Strategic Management AWA R E N E S S A N D C H A N G E John Thompson, Jonathan M. Scott & Frank Martin Copyright 2023 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
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Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Strategic Management: Awareness and © 2023, John Thompson, Jonathan M.
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All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience.
Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Brief contents List of cases x Preface xii About the digital resources xix Part 1 Understanding strategy 1 1 What is strategy and who is involved? 4 2 The business model and the revenue model 51 3 Strategic purpose 94 Part 2 Analysis and positioning 129 4 The business environment and strategy 131 5 Resource-led strategy 175 6 The dynamics of competition 225 Part 3 Strategy development 261 7 Introducing culture and values 263 8 Strategy formulation: Strategic alternatives and decision-making 299 9 The role of planning in strategy 362 10 Strategic leadership, entrepreneurship and intrapreneurship 394 Part 4 Strategic growth issues 443 11 Strategic control and measuring success 444 12 Issues in strategic growth: Domestic and international 470 13 Failure, consolidation and recovery strategies 520 Part 5 Strategy implementation 567 14 Strategy implementation and structure 568 15 Leading change 605 16 Corporate level strategic management 645 17 The strategically resilient organization 674 Glossary 713 Credits 721 Index 722 iii Copyright 2023 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Contents List of cases x Preface xii About the digital resources xix Part 1 Understanding strategy 1 1 What is strategy and who is involved? 4 1.4 Theoretical underpinnings: The emergence of strategic management 36 1.5 Strategy as practice and in reality 39 Summary 48 Online cases for this chapter 48 References 49 Web supplement related to this chapter 50 2 The business model and the revenue model 51 Introduction 52 2.1 The business model 58 2.2 The revenue model and business value 73 2.3 More examples of business models 76 Summary 91 Strategy activity 91 References 93 3 Strategic purpose 94 Introduction 95 3.1 Vision, mission and objectives 96 3.2 O bjectives: The influence of economic theories and stakeholder theory 106 3.3 Profit as an objective: For-profit versus not-for-profit 109 3.4 The impact of personal objectives 116 Summary 124 Online cases for this chapter 124 Questions and research assignments 124 Internet and library projects 125 Strategy activity 125 References 126 iv Copyright 2023 Cengage Learning.
All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience.
Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. CONTENTS v Part 2 Analysis and positioning 129 4 The business environment and strategy 131 Introduction 132 4.1 Analyzing the business environment 133 4.2 Competition and the structure and regulation of industry 150 4.3 Key success factors, strategic positioning, adding value and SWOT 152 4.4 Forecasting the environment 167 Summary 172 Online cases for this chapter 172 Web supplement related to this chapter 172 Questions and research assignments 173 Internet and library projects 173 Strategy activity 173 References 174 5 Resource-led strategy 175 Introduction 176 5.1 Strategic resources, core competency, capabilities and adding value 181 5.2 People as a strategic resource 191 5.3 Information and information technology 203 5.4 The value chain 208 5.5 Reputation and branding 216 Summary 221 Online cases for this chapter 221 Questions and research assignments 222 Internet and library projects 222 Strategy activity 222 References 223 6 The dynamics of competition 225 Introduction 226 6.1 Competition and competitive advantage 227 6.4 Concluding comments 253 Summary 257 Online cases for this chapter 257 Questions and research assignments 257 Internet and library projects 257 Strategy activity 258 References 258 Copyright 2023 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. vi CONTENTS Part 3 Strategy development 261 7 Introducing culture and values 263 Introduction 264 7.1 The manifestations and impact of culture 268 7.2 Culture, structure and styles of management 284 7.3 Culture and power 288 7.4 Comparing national cultures 292 Summary 296 Online cases for this chapter 296 Questions and research assignments 296 Internet and library projects 297 Strategy activity 297 References 298 8 Strategy formulation: Strategic alternatives and decision-making 299 Introduction 300 8.3 Introducing strategy evaluation 329 8.4 Decision-making, subjectivity and judgement 337 Summary 357 Online cases for this chapter 358 Web supplement related to this chapter 358 Questions and research assignments 358 Internet and library projects 358 Strategy activities 359 References 360 9 The role of planning in strategy 362 Introduction 363 9.1 Strategic thinking and strategic planning 368 9.2 The planning gap 373 9.3 A contemporary approach to strategic planning 375 9.4 Strategic planning techniques 381 Summary 390 Online cases for this chapter 391 Web supplement related to this chapter 391 Questions and research assignments 391 Internet and library projects 391 Strategy activity 392 References 392 Copyright 2023 Cengage Learning.
All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience.
Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. CONTENTS vii 10 Strategic leadership, entrepreneurship and intrapreneurship 394 Introduction 395 10.1 Strategic leaders(hip) and entrepreneurs(hip): Same or different? 401 10.4 Critical issues in strategic leadership 428 Summary 437 Online cases for this chapter 437 Questions and research assignments 438 Internet and library projects 438 Strategy activity 438 References 440 Part 4 Strategic growth issues 443 11 Strategic control and measuring success 444 Introduction 445 11.1 Defining and measuring success 445 11.2 What should we measure? A holistic model 452 11.3 The measurement of success in not-for-profit organizations 460 11.4 A holistic framework of measures: Revisited 463 Summary 468 Online cases for this chapter 468 Web supplement related to this chapter 468 Questions and research assignments 468 Internet and library projects 469 References 469 12 Issues in strategic growth: Domestic and international 470 Introduction 471 12.1 Domestic and/or international strategy? 473 12.3 Mergers and acquisitions 487 12.4 Strategic alliances and joint ventures 495 12.5 Franchising and licensing 497 12.6 Exporting and other international market entry strategies 500 12.7 Internationalization constraints and influences on future global growth 504 Summary 514 Online cases for this chapter 515 Questions and research assignments 515 Internet and library projects 515 Strategy activity 516 References 518 Copyright 2023 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. viii CONTENTS 13 Failure, consolidation and recovery strategies 520 13.1 Strategic break points 521 13.2 Outcomes of strategic change for companies in difficulty 524 13.3 Symptoms and causes of decline 529 13.4 The feasibility of recovery 535 13.5 Managing in a recession and a declining industry 550 Summary 563 Online cases for this chapter 563 Questions and research assignments 564 Internet and library projects 564 Strategy activity 564 References 565 Part 5 Strategy implementation 567 14 Strategy implementation and structure 568 Introduction 569 14.1 Strategy → structure or structure → strategy? 575 14.2 Implementation and change 579 14.4 Structural forms 586 Summary 600 Online cases for this chapter 600 Questions and research assignments 601 Internet and library projects 601 Strategy activity 601 References 603 15 Leading change 605 Introduction 606 15.1 Strategic change: Dynamics, management, growth, forces, types and modes 607 15.2 The change process and resistance to change 619 15.3 Strategies for implementation and change 624 15.