Strategic Management and Business Policy: Globalization, Innovation and Sustainability, Global Edition

For courses in Strategic Management and Business Policy. Utilize a strategic management model to learn and apply key concepts through cases Picking up where the popular previous editions left off, Strategic Management and Business Policy: Globalization, Innovation and Sustainability, 15th Edition further sharpens and modernizes this classic text's approach to teaching strategy with an emphasis on globalization, innovation, and sustainability. Throughout, the authors equip readers with the strategic concepts they will need to know as they face the issues that all organizations must build upon to push their businesses forward. In this edition, Alan Hoffman and Chuck Bamford bring a fresh perspective to this extraordinarily well-researched and practically crafted lesson. Also included is a new chapter on Global Strategy, along with new vignettes and comprehensive, real-world case studies. Also available with MyLab Management MyLab(TM) Management is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. NOTE: You are purchasing a standalone product; MyLab Management does not come packaged with this content. If you would like to purchase both the physical text and MyLab Management, search for: 0134618572 / 9780134618579 Strategic Management and Business Policy: Globalization, Innovation and Sustainability Plus MyLab Management with Pearson eText -- Access Card Package, 15/e Package consists of: 0134522052 / 9780134522050 Strategic Management and Business Policy: Globalization, Innovation and Sustainability 0134527917 / 9780134527918 MyLab Management with Pearson eText -- Access Card -- for Strategic Management and Business Policy: Globalization, Innovation and Sustainability Cover ......Page 1 Brief Contents ......Page 7 Contents ......Page 8 Preface ......Page 23 About the Authors ......Page 31 Part One Introduction to Strategic Management and Business Policy ......Page 35 Chapter 1 Basic Concepts of Strategic Management ......Page 36 Phases of Strategic Management ......Page 39 Benefits of Strategic Management ......Page 40 Globalization, Innovation, and Sustainability: Challenges to Strategic Management ......Page 41 Impact of Globalization ......Page 42 Impact of Innovation ......Page 43 Impact of Sustainability ......Page 44 Creating a Learning Organization ......Page 46 Environmental Scanning ......Page 48 Strategy Formulation ......Page 50 Strategy Implementation ......Page 54 Evaluation and Control ......Page 55 Initiation of Strategy: Triggering Events ......Page 56 What Makes a Decision Strategic? ......Page 57 Mintzberg’s Modes of Strategic Decision Making ......Page 58 Strategic Decision-making Process: Aid to Better Decisions ......Page 59 The Strategic Audit: Aid to Strategic Decision Making ......Page 60 End of Chapter Summary ......Page 61 Appendix 1.A Strategic Audit of a Corporation......Page 66 Chapter 2 Corporate Governance ......Page 74 Role of the Board of Directors ......Page 77 Responsibilities of the Board ......Page 78 Board of Directors Composition ......Page 81 Innovation Issue: Jcpeney and Innovation ......Page 82 Strategy Highlight: Agency Theory Versus Stewardship Theory in Corporate Governance ......Page 83 Nomination and Election of Board Members ......Page 87 Organization of the Board ......Page 88 Impact of Sarbanes–Oxley on U.S. Corporate Governance......Page 89 Global Issue: Global Busines Board Activism at Yaho! ......Page 90 Evaluating Governance ......Page 91 Trends in Corporate Governance ......Page 92 The Role of Top Management ......Page 93 Sustainability Issue: Ceo Pay and Corporate Performance ......Page 94 End of Chapter Summary ......Page 97 Chapter 3 Social Responsibility and Ethics in Strategic Management ......Page 104 Responsibilities of a Business Firm ......Page 106 Sustainability ......Page 109 Corporate Stakeholders ......Page 110 Stakeholder Analysis ......Page 111 Ethical Decision Making ......Page 113 Some Reasons for Unethical Behavior ......Page 114 Global Issue: How Rule-based and Relationship-based Governance Systems Affect Ethical Behavior ......Page 115 Innovation Issue: Turning a Need into a Busines to Solve the Need ......Page 117 Encouraging Ethical Behavior ......Page 118 Views on Ethical Behavior ......Page 119 End of Chapter Summary ......Page 121 Part Two Scanning the Environment ......Page 125 Chapter 4 Environmental Scanning and Industry Analysis ......Page 126 Aspects of Environmental Scanning ......Page 128 Identifying External Environmental Variables ......Page 129 Sustainability Issue: Gren Supercars ......Page 130 Scanning the Societal Environment: Steep Analysis ......Page 131 Global Issue: Suvs Power on in China ......Page 139 Industry Analysis: Analyzing the Task Environment ......Page 141 Porter’s Approach to Industry Analysis ......Page 142 Categorizing International Industries ......Page 146 Innovation Issue: Taking Stock of an Obsesion ......Page 147 Strategic Groups ......Page 148 Strategic Types ......Page 149 Hypercompetition ......Page 150 Using Key Success Factors to Create an Industry Matrix ......Page 151 Competitive Intelligence ......Page 152 Sources of Competitive Intelligence ......Page 153 Strategy Highlight Evaluating Competitive Inteligence ......Page 154 Monitoring Competitors for Strategic Planning ......Page 155 Useful Forecasting Techniques ......Page 156 Synthesis of External Factors ......Page 158 End of Chapter Summary ......Page 160 Chapter 5 Organizational Analysis and Competitive Advantage ......Page 166 Core and Distinctive Competencies ......Page 168 Using Resources/capabilities to Gain Competitive Advantage ......Page 171 Business Models ......Page 172 Industry Value-chain Analysis ......Page 174 Corporate Value-Chain Analysis......Page 176 Basic Organizational Structures ......Page 177 Culture ......Page 179 Strategic Marketing Issues ......Page 181 Innovation Issue: Docomo Moves Against the Grain ......Page 183 Strategic Financial Issues ......Page 184 Strategic Research and Development (R&D) Issues......Page 185 Strategic Operations Issues ......Page 187 Strategic Human Resource Management (HRM) Issues......Page 189 Strategic Information Systems/Technology Issues......Page 191 Sustainability Issue: The Olympic Games—London 2012/Sochi 2014/Rio 2016 & Tokyo 2020......Page 192 Synthesis of Internal Factors (IFAS)......Page 194 End of Chapter Summary ......Page 196 Part Three Strategy Formulation ......Page 201 Chapter 6 Strategy Formulation: Business Strategy ......Page 202 A Framework for Examining Business Strategy ......Page 204 Generating a Strategic Factors Analysis Summary (SFAS) Matrix......Page 205 Finding Market Niches ......Page 207 Mission and Objectives ......Page 208 Porter’s Competitive Strategies ......Page 209 Global Issue: Has Emirates Reached the Limit of Globalization? ......Page 211 Innovation Issue: Cheg and Colege Textboks ......Page 214 Sustainability Issue: Strategic Sustainability—ESPN......Page 216 Cooperative Strategies ......Page 217 Strategic Alliances ......Page 218 End of Chapter Summary ......Page 222 Chapter 7 Strategy Formulation: Corporate Strategy ......Page 226 Directional Strategy ......Page 228 Growth Strategies ......Page 229 Strategy Highlight: Transaction Cost Economics Analyzes Vertical Growth Strategy ......Page 232 Global Issue: Global Expansion Is Not Always a Path to Growth ......Page 234 Controversies in Directional Growth Strategies ......Page 235 Stability Strategies ......Page 236 Retrenchment Strategies ......Page 237 Portfolio Analysis ......Page 239 Bcg Growth-share Matrix ......Page 240 Sustainability Issue: General Motors and The Electric Car ......Page 242 Managing a Strategic Alliance Portfolio ......Page 243 Corporate Parenting ......Page 244 Innovation Issue: To Red Hat or Not?......Page 245 Horizontal Strategy and Multipoint Competition ......Page 246 End of Chapter Summary ......Page 247 Chapter 8 Strategy Formulation: Functional Strategy and Strategic Choice ......Page 252 Marketing Strategy ......Page 254 Financial Strategy ......Page 256 Research and Development (r&d) Strategy ......Page 257 Operations Strategy ......Page 258 Global Issue: Why Is Starbucks Afraid of Italy? ......Page 259 Purchasing Strategy ......Page 260 Sustainability Issue: How Hot Is Hot? ......Page 261 Innovation Issue: When an Innovation Fails to Live Up to Expectations ......Page 262 Human Resource Management (HRM) Strategy......Page 263 The Sourcing Decision: Location of Functions ......Page 264 Strategic Choice: Constructing Scenarios ......Page 267 Constructing Corporate Scenarios ......Page 268 The Process of Strategic Choice ......Page 273 End of Chapter Summary ......Page 275 Part Four Strategy Implementation and Control ......Page 281 Chapter 9 Strategy Implementation: Global Strategy ......Page 282 International Entry ......Page 284 International Coordination ......Page 286 Stages of International Development ......Page 287 International Employment ......Page 288 Measurement of Performance ......Page 290 End of Chapter Summary ......Page 292 Chapter 10 Strategy Implementation: Organizing and Structure ......Page 296 Strategy Implementation ......Page 298 Developing Programs, Budgets, and Procedures ......Page 299 Sustainability Issue: A Beter Botle—Ecologic Brands......Page 300 Achieving Synergy ......Page 304 Structure Follows Strategy ......Page 305 Stages of Corporate Development ......Page 306 Innovation Issue: The P&G Innovation Machine Stumbles......Page 307 Organizational Life Cycle ......Page 311 The Matrix Structure ......Page 312 Network Structure—The Virtual Organization......Page 314 Global Issue: Outsourcing Comes Ful Circle ......Page 315 Reengineering and Strategy Implementation ......Page 316 Six Sigma ......Page 317 Designing Jobs to Implement Strategy ......Page 318 Centralization Versus Decentralization ......Page 319 End of Chapter Summary ......Page 320 Chapter 11 Strategy Implementation: Staffing and Directing ......Page 326 Staffing ......Page 328 Staffing Follows Strategy ......Page 329 Innovation Issue: How to Kep Apple “cool” ......Page 331 Problems in Retrenchment ......Page 333 Managing Corporate Culture ......Page 335 Sustainability Issue: Panera and the “Panera Cares Comunity Café......Page 336 Action Planning ......Page 340 Management by Objectives ......Page 342 Total Quality Management ......Page 343 End of Chapter Summary ......Page 344 Chapter 12 Evaluation and Control ......Page 350 Appropriate Measures ......Page 352 Types of Controls ......Page 353 Innovation Issue: Solar Power and The Grid......Page 354 Activity-Based Costing......Page 355 Primary Measures of Corporate Performance ......Page 356 Sustainability Issue: The End of the Cash Register Receipt......Page 359 Balanced Scorecard Approach: Using Key Performance Measures ......Page 360 Responsibility Centers ......Page 362 Using Benchmarking to Evaluate Performance ......Page 364 Strategic Information Systems ......Page 365 Radio Frequency Identification and Near Field Communication ......Page 366 Problems in Measuring Performance ......Page 367 Short-Term Orientation......Page 368 Goal Displacement ......Page 369 Guidelines for Proper Control ......Page 370 Aligning Incentives ......Page 371 End of Chapter Summary ......Page 373 Part Five Introduction to Case Analysis ......Page 379 Chapter 13 Suggestions for Case Analysis ......Page 380 Researching the Case Situation ......Page 382 Analyzing Financial Statements ......Page 383 Z-Value and the Index of Sustainable Growth......Page 387 Format for Case Analysis: the Strategic Audit ......Page 388 End of Chapter Summary ......Page 391 Appendix 13.A Resources for Case Research......Page 393 Appendix 13.B Suggested Case Analysis Methodology Using the Strategic Audit......Page 395 Appendix 13.C Example of Student-written Strategic Audit......Page 398 Part Six Cases in Strategic Management ......Page 407 Case 1 The Recalcitrant Director at Byte Products, Inc.: Corporate Legality Versus Corporate Responsibility......Page 413 Case 2 The Wallace Group......Page 419 Case 3 Everyone Does It ......Page 429 Case 4 The Audit......Page 433 Case 5 Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap......Page 435 Case 6 The Storm of Governance Reform at the American Red Cross......Page 439 Case 7 Chipotle Mexican Grill, Inc.: Conscious Capitalism by Serving “Food with Integrity”......Page 453 Case 8 Google and the Right to Be Forgotten ......Page 467 Case 9 Harley Davidson: an Overreliance on Aging Baby Boomers ......Page 477 Case 10 Uber: Feeling the Heat from Competitors and Regulators Worldwide ......Page 491 Case 11 Pandora Internet Radio (2014): Just Press Play ......Page 507 Case 12 Amazon.com, Inc.: Retailing Giant to High-Tech Player? ......Page 525 Case 13 Blue Nile, Inc.: “Stuck in the Middle” of the Diamond Engagement Ring Market......Page 537 Case 14 Groupon Inc.: Daily Deal or Lasting Success? ......Page 553 Case 15 Netflix Inc.: the 2011 Rebranding/price Increase Debacle ......Page 573 Case 16 Town Sports International Holdings, Inc.: Unsquashable ......Page 585 Case 17 Zynga, Inc. (2011): Whose Turn Is It? ......Page 607 Case 18 the Boston Beer Company: Brewers of Samuel Adams Boston Lager (mini Case) ......Page 627 Case 19 Panera Bread Company (2010): Still Rising Fortunes? ......Page 631 Case 20 Whole Foods Market (2010): How to Grow in an Increasingly Competitive Market? (Mini Case)......Page 657 Case 21 Burger King (Mini Case)......Page 663 Case 22 Sonic Restaurants: Does Its Drive-in Business Model Limit Future Growth Potential? ......Page 667 Case 23 “Breaking Up Is Hard to Do”: Pepsico in 2014......Page 677 Case 24 Under Armour ......Page 685 Case 25 Toms Shoes (Mini Case)......Page 697 Case 26 J.C. Penney Company, Inc.: Surviving the Ron Johnson (CEO) Era......Page 701 Case 27 Best Buy Co. Inc. (2009): A Sustainable Customer-Centricity Model?......Page 723 Case 28 Target Corp’s Tarnished Reputation: Failure in Canada and a Massive Data Breach ......Page 737 Case 29 Staples: the Fierce Battle Between Brick and Mortar Vs. Online Sales ......Page 749 Case 30 Tesla Motors, Inc.: The First U.S. Car Company IPO Since 1956......Page 765 Case 31 Tomtom: New Competition Everywhere! ......Page 781 Case 32 General Electric, Ge Capital, and the Financial Crisis of 2008: the Best of the Worst in the Financial Sector? ......Page 797 Case 33 Snap-on Tools: a Victim of Its Own Success ......Page 813 Glossary ......Page 827 Name Index ......Page 839 Subject Index ......Page 844 __For courses in Strategic Management and Business Policy.__Picking up where the popular previous editions left off,further sharpens and modernizes this classic text's approach to teaching strategy with an emphasis on globalization, innovation, and sustainability. Throughout, the authors equip readers with the strategic concepts they will need to know as they face the issues that all organizations must build upon to push their businesses forward. In this edition, Alan Hoffman and Chuck Bamford bring a fresh perspective to this extraordinarily well-researched and practically crafted lesson. Also included is a new chapter on Global Strategy, along with new vignettes and comprehensive, real-world case studies.MyLab(TM) Management is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.You are purchasing a standalone product; MyLab Management does not come packaged with this content. If you would like to purchase both the physical text and MyLab Management, search for:**__**__Management__**with Pearson eText -- Access Card Package,__15/e****0134522052 / 9780134522050__Strategic Management and Business Policy: Globalization, Innovation and Sustainability__****__**__Management__**with Pearson eText -- Access Card -- for Strategic Management and Business Policy: Globalization, Innovation and Sustainability__** For courses in Strategic Management and Business Policy. Picking up where the popular previous editions left off, Strategic Management and Business Policy: Globalization, Innovation and Sustainability, 15th Edition further sharpens and modernizes this classic text's approach to teaching strategy with an emphasis on globalisation, innovation, and sustainability. Throughout, the authors equip students with the strategic concepts they will need to know as they face the issues that all organisations must build upon to push their businesses forward. In this edition, Alan Hoffman and Chuck Bamford bring a fresh perspective to this extraordinarily well­-researched and practically crafted lesson. Also included is a new chapter on Global Strategy, along with new vignettes and comprehensive, real-world case studies. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. "Picking up where the popular previous editions left off, Strategic Management and Business Policy: Globalization, Innovation and Sustainability, 15th Edition further sharpens and modernizes this classic text's approach to teaching strategy with an emphasis on globalization, innovation, and sustainability. Throughout, the authors equip students with the strategic concepts they will need to know as they face the issues that all organizations must build upon to push their businesses forward. In this edition, Alan Hoffman and Chuck Bamford bring a fresh perspective to this extraordinarily well -researched and practically crafted lesson. Also included is a new chapter on Global Strategy, along with new vignettes and comprehensive, real-world case studies."--Provided by publisher