Synopses & Reviews
Strategic Management: Competitiveness and Globalization, 5th edition provides the most modern, relevant, and complete presentation of strategic management today. Authors Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson thoroughly revise each chapter, incorporating cutting-edge along with current examples, research and findings to accurately portray today's global business environment demonstrating how the strategic management process is being applied by modern organizations. The authors integrate the traditional industrial organizational model of strategic management with the more modern resource-based view of the firm to explain how firms build a sustained competitive advantage.
About the Author
Distinguished Professor Michael A. Hitt holds Chairs in Business Leadership and New Ventures at Texas A&M University and received his Ph.D. from the University of Colorado. His recent publications include Downscoping: How to Tame the Diversified Firm (Oxford University Press), Strategic Management: Competitiveness and Globalization (South-Western), and Creating Value Through Mergers and Acquisitions (Oxford University Press). His journal articles have appeared in such journals as the Academy of Management Journal, Academy of Management Review, Strategic Management Journal, Journal of Applied Psychology, Organization Studies, Journal of Management Studies and Journal of Management. He has served on the editorial review boards of several journals, including Academy of Management Journal, Academy of Management Executive, Journal of Applied Psychology, Journal of World Business and Journal of Applied Behavioral Sciences. Furthermore, he served as consulting editor (1988-90) and editor (1991-1993) of Academy of Management Journal. He was co-editor of a 1995 special issue for Strategic Management Journal on Technological Transformation and the New Competitive Landscape. He has been or is currently a co-editor for special issues of Strategic Management Journal, Academy of Management Review, Journal of Engineering and Technology Management, and Academy of Management Executive. He 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, awarded by the American Society for Competitiveness. He is a member of the Academy of Management Journal's Hall of Fame and a Fellow in the Academy of Management. 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 ManagementÂ's 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. HoskissonÂ'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. HoskissonÂ'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 XiÂ'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.
Table of Contents
PART ONE: 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 TWO: STRATEGIC ACTIONS: STRATEGY FORMULATION. 4. Business-Level Strategy. 5. Competitive Dynamics. 6. Corporate-Level Strategy. 7. Acquisition and Restructuring Strategies. 8. International Strategy. 9. Cooperative Strategy. PART THREE: STRATEGIC ACTIONS: STRATEGY IMPLEMENTATION. 10. Corporate Governance. 11. Organizational Structure and Controls. 12. Strategic Leadership. 13. Corporate Entrepreneurship and Innovation. PART FOUR. CASES.