This comprehensive and engaging text presents the complexities of strategic management through up-to-date scholarship and hands-on applications. Highly respected authors Charles Hill and Melissa Schilling integrate cutting-edge research on topics including competitive advantage, corporate governance, diversification, strategic leadership, technology and innovation, and corporate social responsibility through both theory and case studies. Based on real-world practices and current thinking in the field, the 14th edition features an increased emphasis on the changing global economy and its role in strategic management. The appendix walks students through the case-analysis process, and explains key ratios that managers use to compare the performance of firms. The high-quality case study program contains 31 cases covering small, medium, and large companies from a large range of industries and nations. Featured cases in this edition include Tesla Motors, Alibaba, Google, Microsoft, Boeing, Ikea, Zeta Energy, and many others. When paired with this student-centric text, the MindTap learning solution will prepare the next generation of strategic leaders.
Part I: INTRODUCTION TO STRATEGIC MANAGEMENT.
1. Strategic Leadership: Managing the Strategy-Making Process for Competitive Analysis.
2. External Analysis: The Identification of Opportunities and Threats.
Part II: THE NATURE OF COMPETITIVE ADVANTAGE.
3. Internal Analysis: Resources and Competitive Advantage
4. Building Competitive Advantage Through Functional-Level Strategy.
Part III: STRATEGIES.
5. Building Competitive Advantage Through Business-Level Strategy.
6. Business-Level Strategy and the Industry Environment.
7. Strategy and Technological Innovation.
8. Strategy in the Global Environment.
9. Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing.
10. Corporate-Level Strategy: Related and Unrelated Diversification.
Part IV: IMPLEMENTING STRATEGY.
11. Corporate Governance, Social Responsibility and Ethics.
12. Implementing Strategy through Organization.
Part V: Cases in Strategic Management
A. Analyzing a Case Study and Writing a Case Study Analysis
B. 31 Cases – Expertly written by the authors, this section includes 11 short cases and 20 long cases, covering a wide range of industries, companies and topics.
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Charles W. L. Hill
Charles W. L. Hill is the Hughes M. Blake Professor of Business at the University of Washington Business School in Seattle. His research interests focus on competition and competitive analysis, corporate strategy, international business, organizational structure and corporate governance. Dr. Hill has published more than 50 articles in peer-reviewed academic journals and has served on the editorial boards of several top-tier journals, including the Academy of Management Review and the Strategic Management Journal. He also is the author of a successful international business textbook. An active consultant, Dr. Hill has worked with numerous leading companies. He has worked with Microsoft for almost 20 years and continues to be active within that organization. Dr. Hill received his Ph.D. from the University of Manchester in the United Kingdom.
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Melissa A. Schilling
Melissa Schilling is the John Herzog Professor of Management and Organizations at New York University Stern School of Business. Her research focuses on innovation and creativity and addresses topics such as collaboration and technology trajectories in high technology industries that encompass computers, smartphones, biotechnology, electric vehicles and video games. Her innovation textbook, STRATEGIC MANAGEMENT OF TECHNOLOGICAL INNOVATION, is the number one innovation strategy text in the world and is available in seven languages. Her research in innovation and strategy has earned her awards such as the National Science Foundation's CAREER Award, PICMET’s Leadership in Technology Management Award and the Best Paper in Management Science and Organization Science for 2007 Award. Her research has also appeared in leading academic journals such as Academy of Management Journal, Academy of Management Review, Management Science, Organization Science, Strategic Management Journal, Journal of Economics and Management Strategy and Research Policy. She sits on the editorial review boards of Organization Science, Strategic Organization, Academy of Management Discoveries and Strategy Science. She has also advised companies including IBM, Bloomberg, Siemens and others on strategy and innovation. She received her Ph.D. from the University of Washington, Seattle.
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With this edition we have added video overviews for key concepts – these are short, accessible videos students can watch outside of class (or the instructor can use in class) to cover important concepts from the text. These videos give the instructor more options for how they structure their class, and help to liven up the material and make it fun.
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THE LATEST RESEARCH AND SCHOLARLY UPDATES FROM THE FIELD PREPARE STUDENTS FOR SUCCESS AS STRATEGIC LEADERS. This edition incorporates the latest cutting-edge research, real-world best practices and current thinking in the field with updates that emphasize the changing global economy and its role in strategic management today.
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UP-TO-DATE AUTHOR-WRITTEN CASE STUDIES ENSURE THE HIGHEST QUALITY AND FLEXIBILITY IN TEACHING. Authors Charles Hill and Melissa Schilling have carefully crafted all of the cases in this edition to ensure seamless consistency with the book's engaging presentation. Twenty full-length cases and 12 shorter cases cover all relevant issues discussed in the text. Cases address small, medium and large familiar and leading companies from industries around the world.
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THIS EDITION PROVIDES THE MARKET'S MOST RIGOROUS AND COMPLETE PRESENTATION OF KEY TOPICS. The authors carefully present a far more rigorous and complete treatment of technology strategy, global strategy, vertical integration and diversification than other texts on the market, while still making the content inviting and accessible. Chapter 10, in particular, offers unusually rich and rigorous coverage of related and unrelated diversification and how companies enter and exit businesses.
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EXERCISES, SHORT CASES AND INSTRUCTOR RESOURCES PROVIDE OPTIONS FOR TEACHING THE COURSE YOUR WAY. This edition provides meaningful and varied exercises to ensure students can apply the principles they've learned. In addition, 12 short author-written cases give you additional flexibility in assignments. Comprehensive support resources include author-provided case notes, a trusted test bank and PowerPoint presentation slides to save you time in preparation.
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MINDTAP COMPREHENSIVE DIGITAL LEARNING SOLUTION HELPS ELEVATE THINKING AND DEVELOP TOMORROW'S STRATEGIC LEADERS. Based on careful study of this course and interviews with instructors and students across the country, MindTap online learning solution offers an immersive learning experience tailored specifically to the objectives of strategic management. The fully-customizable learning path provides a scaffolded set of learning activities that engages students. Content increases in depth and complexity as students progress through the assignments for each chapter.
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