STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION, 7th edition provides the most accurate, relevant, and complete presentation of strategic management today. Each edition is thoroughly updated to include cutting edge research and trends that are shaping business strategy. The authors guide students through the strategic management process using a unique model that blends the classic industrial organizational model with the resource-based view of the firm to explain how firms use the strategic management process to build a sustained competitive advantage. Throughout the text carefully selected examples and highlights help put the ideas presented into context. The text's stunning four color design, illustrative models and figures also helps to focus students attention on the key points. Adopters of the concepts split can easily integrate their own case selections and readings from leading providers such as Harvard, Ivey, and Darden through Thomson Custom Solutions.

Are you looking for the perfect tool to guide you in today's fast paced business world? In STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION you will discover a unique model that blends both new and old ideas resulting in a cutting edge, accurate and relevant text. Specific examples, models, and figures emphasize important points and make the text easy to understand.

Michael A. Hitt is 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 authored or coauthored over 160 journal articles and coauthored or coedited 26 separate books. Those books include: DOWNSCOPING: HOW TO TAME THE DIVERSIFIED FIRM (1994); MERGERS AND ACQUISITIONS: A GUIDE TO CREATING VALUE FOR STAKEHOLDERS (2001); HANDBOOK OF STRATEGIC MANAGEMENT (2001); STRATEGIC ENTREPRENEURSHIP: CREATING A NEW INTEGRATED MINDSET (2002); MANAGING KNOWLEDGE FOR SUSTAINED COMPETITIVE ADVANTAGE (2003); THE BLACKWELL ENTREPRENEURSHIP ENCYCLOPEDIA (2005); GREAT MINDS IN MANAGEMENT: THE PROCESS OF THEORY DEVELOPMENT (2005); THE GLOBAL MINDSET (2007); COMPETING FOR ADVANTAGE (2008); and STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION (2009). He has served on the editorial review boards of multiple journals and served as Consulting Editor (1988 & 1990) and Editor (1991 & 1993) of the ACADEMY OF MANAGEMENT JOURNAL. He is the current Coeditor of the STRATEGIC ENTREPRENEURSHIP JOURNAL. He serves as President of the Strategic ManagementSociety and is a past president of the Academy of Management. He received the 1996 Award for Outstanding Academic Contributions to Competitiveness and the 1999 Award for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness. He is Fellow in the Academy of Management and the Strategic Management Society and Research Fellow in the National Entrepreneurship Consortium. He received an honorary doctorate from the Universidad Carlos III de Madrid for his contributions to the field. He received the Irwin Outstanding Educator Award and the Distinguished Service Award from the Academy of Management.R. Duane Ireland holds the Foreman R. and Ruby S. Bennett Chair in Business in the Mays Business School, Texas A&M University. He teaches courses at undergraduate, masters, doctoral, and executive levels. He has won multiple teaching awards during his career. His research, which focuses on diversification, innovation, corporate entrepreneurship, and strategic entrepreneurship, has been published in numerous journals. Dr. Ireland has served on the editorial review board for journals such as ACADEMY OF MANAGEMENT JOURNAL, ACADEMY OF MANAGEMENT REVIEW, and ACADEMY OF MANAGEMENT EXECUTIVE. He received awards for the best article published in ACADEMY OF MANAGEMENT EXECUTIVE (1999) and ACADEMY OF MANAGEMENT JOURNAL (2000). In 2001, he co-authored an article in ACADEMY OF MANAGEMENT EXECUTIVE that was recognized with the Best Journal Article in Corporate Entrepreneurship Award from the U.S. Association for Small BusinessandEntrepreneurship (USASBE). Dr. Ireland is a research fellow in the National Entrepreneurship Consortium. He received the 1999 Award for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness and the USASBE Scholar in Corporate Entrepreneurship Award (2004). Currently, he is an associate editor for ACADEMY MANAGEMENT JOURNAL. Previously, he served as a representative-at-large on the Board of Governors of the Academy of Management.Robert E. Hoskisson is a Professor of Strategic Management and holds the W. P. Carey Chair in the Department of Management at the W. P. Carey School of Business at Arizona State University. He formerly was on the faculty at the University of Oklahoma as well as Texas A&M University. He also has a special appointment at the University of Nottingham in the United Kingdom. He received his Ph.D. from the University of California, Irvine. His interest in Strategic Management topics has allowed him to teach overview as well topical courses in strategic management at undergraduate, masters, and doctoral levels. He has taught international strategy and strategic alliances. His teaching and research expertise in these areas has been recognized with awards such as the 1998 award for Outstanding Academic Contributions to Competitiveness, American Society for Competitiveness, and the William G. Dyer Distinguished Alumni Award from the Marriott School of Management, Brigham Young University. Dr. Hoskisson's articles have been published in journals such as the ACADEMY OF MANAGEMENT JOURNAL, ACADEMY OF MANAGEMENT REVIEW, STRATEGIC MANAGEMENT JOURNAL, ORGANIZATION SCIENCE, JOURNAL OF MANAGEMENT, and JOURNAL OF MANAGEMENT STUDIES. He is a fellow of the Academy of Management and a charter member of the Academy of Management Journals Hall of Fame. Dr. Hoskisson has completed three years of service as a representative at large on the Board of Governors of the Academy of Management and currently serves on the Board of Directors of the Strategic Management Society.

PART I. STRATEGIC MANAGEMENT INPUTS. 1. Strategic Management and Strategic Competitiveness. 2. The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis. 3. The Internal Environment: Resources, Capabilities, and Core Competencies. PART II. STRATEGIC ACTIONS: STRATEGY FORMULATION. 4. Business-Level Strategy. 5. Competitive Rivalry and Competitive Dynamics. 6. Corporate-Level Strategy. 7. Acquisition and Restructuring Strategies. 8. International Strategy. 9. Cooperative Strategy. PART III. STRATEGIC ACTIONS: STRATEGY IMPLEMENTATION. 10. Corporate Governance. 11. Organizational Structure and Controls. 12. Strategic Leadership. 13. Strategic Entrepreneurship. PART IV. CASES.