Strategic Management: Concepts and Cases,
14th Edition

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 Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages.
Part II: STRATEGIC ACTIONS: STRATEGY FORMULATION.
4. Business-Level Strategy.
5. Competitive Rivalry and Competitive Dynamics.
6. Corporate-Level Strategy.
7. Merger and Acquisition Strategies and Restructuring.
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: CASE STUDIES.
C1 - Preparing an Effective Case Analysis.
20 Leading Business Cases.

• Michael A. Hitt

  Michael Hitt is a University Distinguished Professor Emeritus at Texas A&M University and a Distinguished Research Fellow at Texas Christian University. Dr. Hitt received his Ph.D. from the University of Colorado. He has co-authored or co-edited 27 books and numerous journal articles. A recent article listed him as one of the 10 most cited authors in management during a 25-year period. The Times Higher Education 2010 listed him among the top scholars in economics, finance and management based on the number of highly cited articles he has authored. A recent article in the Academy of Management Perspectives lists him as one of the top two management scholars in terms of the combined impact of his work both inside (i.e., citations in scholarly journals) and outside of academia. Dr. Hitt has served on the editorial review boards of multiple journals and is a former editor of the Academy of Management Journal and a former co-editor of the Strategic Entrepreneurship Journal. He is a fellow in the Academy of Management, the Strategic Management Society and the Academy of International Business. He has received honorary doctorates (Doctor Honoris Causa) from the Universidad Carlos III de Madrid and from Jonkoping University. He is a former president of both the Academy of Management and of the Strategic Management Society. He received awards for the best article published in the Academy of Management Executive (1999), Academy of Management Journal (2000), Journal of Management (2006), and Family Business Review (2012). In 2006, he received the Falcone Distinguished Entrepreneurship Scholar Award from Syracuse University. In 2017, he received the Career Achievement Award for Distinguished Educator from the Academy of Management. He also received Distinguished Alumnus Awards from Texas Tech University in 2018 and from the University of Colorado in 2018. In 2014-2017, Dr. Hitt was listed as a Thomson Reuters Highly Cited Researcher.

• R. Duane Ireland

  R. Duane Ireland is a University Distinguished Professor, holder of the Benton Cocanougher Chair in Business and the Executive Associate Dean in the Mays Business School at Texas A&M University. Dr. Ireland teaches strategic management courses at all levels. He has more than 200 publications, including approximately 25 books. His research, which focuses on diversification, innovation, corporate entrepreneurship, strategic entrepreneurship and the informal economy, appears in an array of journals. He has served as a member of multiple editorial review boards and is a former editor of the Academy of Management Journal. He has also been a guest editor for 12 special issues of journals. A past president of the Academy of Management, Dr. Ireland is currently a fellow of the Academy of Management, a fellow of the Strategic Management Society and a research fellow in the Global Consortium of Entrepreneurship Centers. He received awards for the best article published in Academy of Management Executive (1999), the Academy of Management Journal (2000), and the Journal of Applied Management and Entrepreneurship (2010). In addition, he received an Association of Former Students Distinguished Achievement Award for Research from Texas A&M University (2012). In 2014 and 2015, Thomson Reuters identified Dr. Ireland as a Thomson Reuters Highly Cited Researcher (a listing of the world’s most influential researchers). He received a Distinguished Service award from the Academy of Management in 2017 and a Distinguished Service award from the strategic management division of the Academy of Management in the same year. He also received the Lifetime Achievement Award for Research and Scholarship from Mays Business School in 2017. In addition, The Rawls College of Business, Texas Tech University, chose him as a Distinguished Alumnus in 2018.

• Robert E. Hoskisson

  Robert E. Hoskisson is the George R. Brown Emeritus 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 focuses 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. He has co-authored 26 books, including recent books on business strategic and competitive advantage. Dr. Hoskisson has served on several editorial boards, including the Strategic Management Journal (Associate Editor), Academy of Management Journal (Consulting Editor), Journal of International Business Studies (Consulting Editor), Journal of Management (Associate Editor) and Organization Science. His research has appeared in more than 130 publications, including the Strategic Management Journal, Academy of Management Journal, Academy of Management Review, Organization Science, Journal of Management, Academy of Management Perspective, Academy of Management Executive, Journal of Management Studies, Journal of International Business Studies, Journal of Business Venturing, Entrepreneurship Theory and Practice, California Management Review and the Journal of World Business. 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 William G. Dyer Alumni Award from 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. He also served as president and served on the Executive Committee of Board of Directors of the Strategic Management Society.

• Jeffrey S. Harrison

  Jeffrey S. Harrison is a University Distinguished Educator, University Distinguished Scholar and the W. David Robbins Chair of Strategic Management at the Robins School of Business, University of Richmond. Prior to his current appointment, he served as the Fred G. Peelen Professor of Global Hospitality Strategy at Cornell University. Dr. Harrison earned his Ph.D. in strategic management from the University of Utah. Dr. Harrison’s research interests include stakeholder theory and strategic management. His work has been published in high impact academic journals such as Strategic Management Journal, Academy of Management Journal, Academy of Management Review, Journal of Management, Journal of Management Studies, Business Ethics Quarterly and Journal of Business Ethics. He has authored or co-authored 13 books. Dr. Harrison currently serves as section editor for Journal of Business Ethics. He also serves on several editorial boards, including the Strategic Management Journal and Business Ethics Quarterly. He has served as editor for special issues of several journals, including Academy of Management Journal, Academy of Management Review, Business and Society and Academy of Management Perspectives. In addition, he has served as chair of the Stakeholder Strategy Interest Group at the Strategic Management Society, a group he helped organize. He has co-organized several conferences in North America and Europe that have attracted experts from more than two dozen nations. In addition, Dr. Harrison has provided consulting and executive training services to many organizations in the U.S. and South America on a wide range of strategic, entrepreneurial and other business issues. His clients have included Lockheed Martin, Siemens Westinghouse, American Express, Southdown and Volvo Group North America.

• ALL MATERIAL IN THIS EDITION IS COMPLETELY UPDATED TO REFLECT THE LATEST CHANGES IN THE FIELD. To ensure this text highlights the most current strategic management developments, the authors have exhaustively searched countless research journals, business periodicals, blogs and company websites from six continents. This edition now includes more than 1,500 references to works published since the last edition went to press. New content provides more than 480 citations from 2022, more than 560 from 2021, more than 300 in 2020 and more than 150 from 2019.

• INCREASED EMPHASIS ON TOPICS OF IMPORTANCE TO SOCIETY PREPARES STUDENTS FOR WORK CHALLENGES. Customers, shareholders, employees, government regulators and NGOs increasingly expect business organizations to behave responsibly. To prepare students, this edition now contains increased or new content on stakeholder-oriented strategic management and corporate social responsibility, including CSR, ESG, sustainability and greenwashing. Revisions also address nonmarket strategies, diversity, benefit corporations and B-corp certification.

• NEW COVERAGE REFLECTS THE STRATEGIC IMPLICATIONS OF DIGITAL TECHNOLOGIES. New, expanded or revised content discusses digital strategies, digital platforms, artificial intelligence, cryptocurrencies, big data and the metaverse.

• DRAMATICALLY INCREASED COVERAGE HIGHLIGHTS IMPORTANT GLOBAL TRENDS AND INFLUENCES. With this new content, students clearly see how much of what is happening in the world has implications for strategic management. This edition discusses critical, current global topics such as global supply chains, global value chains, cross-border learning, inflation, global conflict and war, protectionism and COVID-19.

• EXAMPLES HIGHLIGHT SOME OF THE MOST OF THE HIGHEST PROFILE COMPANIES IN THE WORLD USING CURRENT STRATEGIC MANAGEMENT PRACTICES. Examples from familiar companies capture student attention. Students find numerous examples from organizations such as Tesla, Meta Platforms, BlackRock, Pfizer, Google, UPS, Starbucks, Netflix, Peloton and Harley-Davidson.

• GLOBAL EXAMPLES ENCOMPASS IMPORTANT COMPANIES BASED OUTSIDE THE U.S. This edition truly offers a worldwide perspective with an abundance of examples draw from international companies, including Airbus, Sony, Carrefour, Softbank, Nestlé, Piclo Flex, Tata Group, Rio Tinto Group, Unilever, IKEA, Komatsu, Toyota, Honda, Aldi, Lenovo, Volkswagen and Samsung.

• THE LATEST RESEARCH, CURRENT FINDINGS AND NEW CASES KEEP MATERIAL IMMEDIATELY RELEVANT TO STUDENTS. This edition integrates today's most current research and developments to ensure content is engaging. Twenty new cases focus on a variety of topics, organizational settings and industries to emphasize the practicality of what students are learning.

• FRESH NEW "STRATEGIC FOCUS" SEGMENTS EMPHASIZE THE HOW BUSINESSES APPLY KEY CONCEPTS. Students examine insights from interesting, international strategy leaders in today's business world. These segments review the actual decisions these leaders have implemented, and students explore how these decisions influence strategy within a variety of organizations.

• MINI-CASES IN EVERY CHAPTER PROMPT MEANINGFUL DISCUSSION AND ANALYSIS. Thirteen mini-cases -- one for each chapter -- provide rich content that serves as a catalyst for thoughtful class discussion or individual or group analysis. A set of thought-provoking questions following each mini-case guides analysis and discussion.

• MINDTAP DIGITAL LEARNING SUITE ENGAGES AND TEACHES STUDENTS TO THINK LIKE MANAGERS. You can streamline planning with a fully customizable learning path designed specifically for your strategic management course. MindTap offers engaging activities, including multimedia quizzing, directed cases and branching exercises. You can even create a collaborative work environment in which students can complete case analysis projects. You can also easily track student progress in real time with measurable learning objectives and analytics.

• TWENTY, NEW AND CURRENT CASE STUDIES HIGHLIGHT BUSINESSES THROUGHOUT THE WORLD. This edition offers 20 leading business cases carefully selected by the authors. These new cases cover several U.S. and international businesses and are drawn from a variety of industries.

• EXPANDED COVERAGE AND RECENT EXAMPLES ADDRESS THE IMPACT OF CONTEMPORARY TRENDS AND EVENTS. New coverage addresses emerging and critical topics, such as activist investors, corporate social responsibility (CSR, ESG), stakeholder-oriented strategic management and protectionism. Students also study digitalization, including digital platforms, digital strategies, big data and the metaverse. In addition, new content highlights global value chains, cryptocurrencies, artificial intelligence, COVID-19, inflation, strategic human capital and diversity.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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