Understanding Strategic Management

Description

Packed with real-life examples and emphasising the essential tools of analysis, this is the ideal introduction for students taking their first steps into strategic management.

• Concise in format, but covering all the relevant material for one semester courses, this textbook provides students with all the essential concepts in a manageable format.
• A four-part structure and clear approach expertly guide students through the processes of strategic management from analysis, to formulation, and on to implementation.
• Contemporary, real-life examples and case studies drawn from a diverse range of business situations illustrate how the core theories operate in practice, revealing the successes but also the pitfalls of different strategic approaches.
• Extensive online resources, clearly integrated with the book, provide additional material to develop deeper understanding and offer practical exercises that stimulate engagement with the key tools of analysis.
• A user-friendly writing style is complemented by a wealth of learning features, illustrations and tables to make the subject clear for students and encourage them to actively engage in critique and analysis.

New to this edition

• New content on corporate social responsibility in chapters 4 and 11 explores environmental, social and corporate governance issues; and business ethics.
• Coverage of key theories and concepts have been significantly revised to aid student understanding and application, including PESTLE, Porter's 5 Forces, SWOT analysis, Blue Ocean Strategy, value innovation, and mergers and acquisition.
• Half the case studies and Strategy in Focus boxes are new, showcasing a greater international breadth of organizations. New examples include Saudi Aramco's move away from the oil and gas industry, Northvolt and Norsk Hydro's joint recycling venture, and LG Chem's battery production.
• Additional diagrams have been added across the chapters to illustrate key topics and aid student understanding of key theories and concepts.
• Available for students and institutions to purchase in a variety of formats, and is supported by online resources.

About the Author(s)

Anthony E. Henry

Anthony E. Henry is a Teaching Fellow at Aston Business School.

Table of Contents

Part One: What is Strategy?
1:What is strategy?
Part Two: Strategic Analysis
2:Evaluating the macro-environment
3:Industry analysis
4:The Internal Environment: value-creating activities
5:The Internal Environment: a resource-based view of strategy
Part Three: Strategy Formulation
6:Business strategy
7:Corporate strategy
8:International strategy
Part Four: Strategy Implementation
9:Organizational structures and strategic change
10:Strategic leadership
11:Corporate governance

Reviews

"An extremely well-written and interesting book as the basis for a strategic management course with many different examples, interesting case studies, and discussion questions that activate students to engage in the course and the material." - Marius Wehner, Heinrich-Heine-University of Düsseldorf, Germany

"A well-written book that captures the essence, concepts, theories and emerging ideas of strategic management in simple, lucid language." - Sami A. Khan, King Abdulaziz University, Saudia Arabia

"A user-friendly resource to accompany students in their learning journey...Provides an easy to comprehend analysis of strategic management processes in organizations." - Virginia Bodolica, American University of Sharjah, United Arab Emirates

Additional Resources

This book is available for students and institutions to purchase in a variety of formats, and is supported by online resources.

- The e-book offers a mobile experience and convenient access along with functionality tools, navigation features, and links that offer extra learning support. Find out more about e-books from OUP: www.oxfordtextbooks.co.uk/ebooks

- The extensive online resources feature:

For students:
-Internet exercises
-Glossary
-Extension material
-Working through strategy
-Multiple-choice questions
-Additional recommended resources

For lecturers:
-Bank of additional case studies
-Additional discussion questions and prompts
-Test bank
-Further case material
-Answers to discussion questions
-PowerPoint slides
-Figures and tables from the book