Introduce students to strategic management with the market-leading text that sets the standard for this course. Written by today's most prominent management scholars and award-winning instructors, Hitt/Ireland/Hoskisson's STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION, 13E provides an intellectually rich, yet practical, analysis of strategic management. The authors combine a classic industrial organization model with a resource-based view of the firm to clearly demonstrate how today's businesses establish competitive advantages and create value for stakeholders. Also included at no additional charge are 20 leading business cases, carefully selected by the authors, which cover several US and international businesses across many industries. Cutting-edge research provides a strong global focus and helps students more accurately interpret the actions of more than 600 emerging and established companies that are striving to serve stakeholders and gain a competitive advantage over their rivals. Almost all Opening Cases are new to this edition as they introduce chapter concepts to readers. Updates to this edition's other cases provide fresh insights and reflect the latest developments. All-new mini cases in each chapter offer new contexts of study. In addition, MindTap online learning solution offers resources to help prepare your students to excel as strategic leaders, including You Make the Decision exercises, What Would You Do video activities and adaptive test prep.
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.
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
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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.
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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.
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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.
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THE LATEST RESEARCH, CURRENT FINDINGS AND NEW CASES KEEP MATERIAL IMMEDIATELY RELEVANT TO STUDENTS. This edition integrates 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. Cases highlight familiar organizations, including Alphabet (Google), Tesla, BMW (autonomous vehicle strategy), Mattel, Pfizer, Volkswagen and Trivago.
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FRESH NEW "STRATEGIC FOCUS" SEGMENTS EMPHASIZE THE RELEVANCE OF KEY CONCEPTS. Students examine interesting, international strategy leaders from today's business world and review the actual decisions these leaders have implemented. Students explore how these decisions influence strategy within a variety of organizations.
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NEW OR REVISED 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 questions following each mini-case guides analysis and discussion.
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CASE STUDIES - 20 leading business cases carefully selected by the authors, which cover several US and international businesses across many industries.
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EXPANDED COVERAGE AND RECENT, NEW EXAMPLES INTRODUCE IMPORTANT TRENDS, CONTEMPORARY EVENTS AND THEIR IMPACT ON STRATEGIC MANAGEMENT. Additional coverage throughout this edition addresses emerging and critical topics, such as explanations of different types of Business Models, Cyber Security, sustainable physical environment, mentoring new CEOs, strategic leadership in family owned/controlled companies, acquisitions and innovation, open innovations and managing the innovation portfolio. These engaging topics initiate dynamic class discussions and highlight this edition's practical, engaging focus.
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THE LATEST RESEARCH, CURRENT FINDINGS AND NEW CASES KEEP MATERIAL IMMEDIATELY RELEVANT TO STUDENTS. This edition integrates 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. Cases highlight familiar organizations, including Alphabet (Google), Tesla, BMW (autonomous vehicle strategy), Mattel, Pfizer, Volkswagen and Trivago.
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FRESH NEW "STRATEGIC FOCUS" SEGMENTS EMPHASIZE THE RELEVANCE OF KEY CONCEPTS. Students examine interesting, international strategy leaders from today's business world and review the actual decisions these leaders have implemented. Students explore how these decisions influence strategy within a variety of organizations.
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NEW OR REVISED 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 questions following each mini-case guides analysis and discussion.
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CASE STUDIES - 20 leading business cases carefully selected by the authors, which cover several US and international businesses across many industries.
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EXPANDED COVERAGE AND RECENT, NEW EXAMPLES INTRODUCE IMPORTANT TRENDS, CONTEMPORARY EVENTS AND THEIR IMPACT ON STRATEGIC MANAGEMENT. Additional coverage throughout this edition addresses emerging and critical topics, such as explanations of different types of Business Models, Cyber Security, sustainable physical environment, mentoring new CEOs, strategic leadership in family owned/controlled companies, acquisitions and innovation, open innovations and managing the innovation portfolio. These engaging topics initiate dynamic class discussions and highlight this edition's practical, engaging focus.