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Understanding Business Strategy with Infotrac:

Concepts and Cases
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Cengage Learning, Jul 26, 2005 - Business & Economics - 576 pages
The overall approach of UNDERSTANDING BUSINESS STRATEGY is process-oriented and applied. The authors of this text are known for their attention to detail and the currency of their research. Although the text maintains the same level of academic reliability as the authors other texts, the subject of strategic management will be studied at a more basic, fundamental level and with a greater effort to help students integrate and synthesize knowledge from prior business courses. This fundamental text overtly supports students efforts to master strategy, and features will be built in to create a tone that is tutorial, student- friendly and with a vision of the student as a future business practitioner. This text relies heavily on a model that will illustrate process, and that model is reiterated graphically across chapters, as well as providing an overarching framework, simply including Vision, Strategy and Implementation.
  

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Contents

The Foundations of Strategic Management
4
The Industrial Organization Model
11
Strategic Leaders
18
Strategy Toolbox
24
Leading Strategically
28
Establishing the Vision and Mission
32
Promoting Integrity and Ethical Behavior
38
x
39
Screening Selecting and Negotiating with Target Firms 172 Due Diligence
174
Acquisition Failure and Restructuring
180
Experiential Exercises
187
Competing across Borders
188
Modes of International Market Entry
200
Implementing the Transnational Strategy
206
Strategy Toolbox
212
Creating and Maintaining Alliances
216

Analyzing Environments
51
Analyzing the External Environment
52
Analyzing the Industry Environment
60
Competitor Analysis
68
Your Career
75
Analyzing the Firm
80
Building Resources for Innovation
81
Competitive Advantages
91
Part 3
95
The Pros and Cons of Outsourcing
97
BizFlix
103
Strategy
106
Brown How Can We Help You Today?
109
Multiproduct Strategies
136
Operational Relatedness and the Related Constrained Multiproduct
144
Implementing Multiproduct Strategies
151
Key Terms
157
Experiential Exercises
163
Acquiring and Integrating Businesses
164
Reasons for Developing Strategic Alliances
219
Innovating through Strategic Entrepreneurship
238
Three Ways to Innovate
247
Key Terms
253
case_16
i
xiv
xiv
Part 4
4
Colorado Creative Music C71
71
Cycle and Carriage versus Parallel Importers
97
The Enron Debacle C103
103
General Motors and AvtoVAZ of Russia C139
139
Diversification and Globalization C171
171
case_18
193
case_19
205
case_20
222
case_20B
238
Glossary
247
Subject Index
249
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About the author (2005)

R. Duane Ireland is Distinguished Professor and the Foreman R. and Ruby S. Bennett Chair in Business at the Mays Business School, Texas A&M University, where he previously served as head of the management department. He teaches strategic management courses to undergraduate, masters, doctoral, and executive students. He has more than 175 publications, including more than a dozen books. His research on diversification, corporate entrepreneurship, and strategic entrepreneurship has been published in Academy of Management Journal, Academy of Management Executive, Strategic Management Journal, Journal of Management, Strategic Entrepreneurship Journal, Entrepreneurship Theory and Practice, Journal of Management Studies and others. He has served on editorial review boards for the Academy of Management Journal, Journal of Management, Journal of Business Venturing, Journal of Business Strategy, European Management Journal and others. He is current editor of the Academy of Management Journal. He has completed editorial terms for Academy of Management Journal, Academy of Management Executive, and Entrepreneurship Theory and Practice. He has co-edited special issues of Academy of Management Review, Academy of Management Executive, Journal of Business Venturing, and Organizational Research Methods and others. He received awards for the best article published in Academy of Management Executive and Academy of Management Journal. He is a Fellow of the Academy of Management and 21st Century Entrepreneurship Research Scholar. He served a three-year term as Representative-at-Large for the Academy of Managements Board of Governors. He received the Award for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness and the USASBE Scholar in Corporate Entrepreneurship Award.

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. Dr. Hoskisson's research has appeared in more than 120 publications, including the Academy of Management Journal, Strategic Management Journal, Journal of Management, Journal of International Business Studies, Journal of Management Studies, Academy of Management Executive, and others. He has co-authored 26 books, including recent books on business strategic and competitive advantage. He is currently Associate Editor of the Strategic Management Journal and Consulting Editor for the Journal of International Business Studies. He also serves on the Editorial Review board for the Academy of Management Journal. He has served on editorial boards for Academy of Management Journal, Journal of Management, Journal of Management Studies, and Entrepreneurship Theory and Practice, and others. He is Special Professor at the University of Nottingham and Honorary Professor at Xi an Jiao Tong University. He is a Fellow of the Academy of Management and 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 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 on Board of Directors of the Strategic Management Society.

Michael A. Hitt is a Distinguished Professor and holds the Joe B. Foster Chair in Business Leadership at Texas A&M University. He received his Ph.D. from the University of Colorado. He has more than 260 publications including 26 co-authored or co-edited books. He has been recognized as one of the ten most cited scholars in management over a 25-year period in an article published in the 2008 volume of the Journal of Management. His books include those focused on down scoping, mergers and acquisitions as well as COMPETING FOR ADVANTAGE, 2nd Edition (South-Western, 2008); and UNDERSTANDING BUSINESS STRATEGY, 2nd Edition (South-Western Cengage Learning, 2009). He is co-editor of numerous management, organization, strategy and development books. He has served on the editorial review boards of multiple journals, including the Academy of Management Journal, Academy of Management Executive, Journal of Applied Psychology, Journal of Management, Journal of World Business, and Journal of Applied Behavioral Sciences. In addition, he has served as Consulting Editor and Editor of the Academy of Management Journal. He is currently a co-editor of the Strategic Entrepreneurship Journal. He is the current past president of the Strategic Management Society and is a past president of the Academy of Management. He is a Fellow in the Academy of Management and in the Strategic Management Society. He received an honorary doctorate from the Universidad Carlos III de Madrid and is an Honorary Professor and Honorary Dean at Xi'an Jiao Tong University. He has been acknowledged with several awards for his scholarly research and he received the Irwin Outstanding Educator Award and the Distinguished Service Award from the Academy of Management. He has received best paper awards for articles published in the Academy of Management Journal, Academy of Management Executive, and Journal of Management.

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