Strategic Management (13th Edition)

Author: (USA) Thompson
Publisher:
Publish Date: 2005-05-01
Features: The task of formulating, implementing, and executing strategic management is the core and soul of corporate management. An organization without strategy is like a ship without a rudder, which will circle in place. The 13th edition of this book includes a wealth of recent developments in strategic management: the use of the term "business model" has become increasingly prevalent, the strategic importance of entrepreneurship has taken on new meaning, cooperative alliances have grown in scope and strategic significance, companies continue to globalize their operations, the impact of global competition is expanding, the resource-based view of the company has become a standard part of strategic analysis, rapid changes have extended to more industries and corporate environments, and the internet has sparked a substantial revolution in both strategy and internal operations. In this book, you will find extensive discussions on business models and how they connect with strategy. The book emphasizes that corporate strategy must align with its external market environment and its internal resources and competencies. It is organized into chapters covering: the strategic management process, determining corporate direction, industry and competitive analysis, evaluating a company's resources and competitive capabilities, strategy and competitive advantage, competitive strategy in global markets, business models and strategy in the internet era, matching strategy with specific industry and corporate forms, the strategy and competitive advantage of diversified companies, evaluating the strategy of diversified companies, building resource strength and organizational capabilities, managing internal organizations to promote better strategic implementation, and the key to strategic implementation: corporate culture and leadership. This book is suitable for MBA students, senior undergraduate business majors, and can also serve as a reference for high-level corporate leaders to enhance their decision-making capabilities.