Strategic Management A Competitive Advantage Approach 17th Edition by Fred David, Forest David, Meredith David ISBN 9780135173947 0135173949

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ISBN 10: 0135173949
ISBN 13: 9780135173947
Author: Fred David, Forest David, Meredith David

Strategic Management: A Competitive Advantage Approach, Concepts and Cases shows how to gain and sustain a competitive advantage in today’s complex business world. The text helps students develop their own cutting-edge strategy through skill-developing exercises. It also offers coverage on issues related to ethics, social responsibility, global operations, and sustainability.

The 17th Edition features updated research, cases and examples. As a result, students will be able to effectively create and implement a plan that can lead to a sustainable competitive advantage for any type of business.

Strategic Management A Competitive Advantage Approach 17th Edition Table of contents:

Part 1 Overview of Strategic Management

1 The Nature of Strategic Management

Learning Objectives

Assurance-of-Learning Exercises

What Is Strategic Management?

Strategic Planning

The Strategic-Management Model

Stages of Strategic Management

Integrating Analysis and Intuition

Adapting to Change

Key Terms in Strategic Management

Competitive Advantage

Strategists

Vision and Mission Statements

External Opportunities and Threats

Internal Strengths and Weaknesses

Long-Term Objectives

Strategies

SWOT Analysis

Annual Objectives

Policies

Benefits of Engaging in Strategic Management

Financial Benefits

Nonfinancial Benefits

Why Some Firms Do No Strategic Planning

Pitfalls in Strategic Planning

Comparing Business and Military Strategies

Developing Employability Skills

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

Part 2 Strategy Formulation

2 Business Vision and Mission

Learning Objectives

Assurance-of-Learning Exercises

Core Values Statements: What Is Our Foundation?

Vision Statements: What Do We Want to Become?

Characteristics of a Vision Statement

Vision Statement Analysis

Mission Statements: What Is Our Business?

Characteristics of a Mission Statement

Components of a Mission Statement

The Importance (Benefits) of Vision and Mission Statements

The Process of Developing Vision and Mission Statements

Evaluating and Writing Mission Statements

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

3 The External Assessment

Learning Objectives

Assurance-of-Learning Exercises

The External Assessment Phase of Strategy Formulation

Key External Forces

The Actionable-Quantitative-Comparative-Divisional (AQCD) Test

10 External Forces that Impact Organizations

Economic Forces

Social, Cultural, Demographic, and Environment (SCDE) Forces

Political, Governmental, and Legal Forces

Technological Forces

Competitive Forces

Porter’s Five-Forces Model

Rivalry Among Competing Firms

Potential Entry of New Competitors

Potential Development of Substitute Products

Bargaining Power of Suppliers

Bargaining Power of Consumers

Key Sources of Information for an External Audit

Forecasting and Making Assumptions

Making Assumptions

The External Factor Evaluation Matrix

Steps to Develop an EFE Matrix

Step 1: Develop a Full and Narrow List of Key External Factors

Step 2: Assign Weights to Key External Factors

Step 3: Assign Ratings to Key External Factors

Step 4: Obtain Weighted Scores

Step 5: Obtain Total Weighted Score

An Example EFE Matrix

The Competitive Profile Matrix

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

4 The Internal Assessment

Learning Objectives

Assurance-of-Learning Exercises

The Internal Assessment Phase of Strategy Formulation

Resource-Based View

Key Internal Forces

Management

Planning

Organizing

Motivating

Controlling

Integrating Strategy and Culture

Management Audit Checklist of Questions

Marketing

Marketing Research and Target Market Analysis

Product Planning

Pricing

Promotion

Channels of Distribution

Marketing Audit Checklist of Questions

Finance and Accounting

Finance and Accounting

Financial Ratios

Finance and Accounting Audit Checklist

Management Information Systems

Business Analytics

The Internal Factor Evaluation (IFE) Matrix

The Actionable-Quantitative-Comparative-Divisional (AQCD) Test

Steps in Developing an IFE Matrix

Step 1: Develop a Full and Narrow List of Key Internal Factors

Step 2: Assign Weights to Key Internal Factors

Step 3: Assign Ratings to Key Internal Factors

Step 4: Obtain Weighted Scores

Step 5: Obtain Total Weighted Score

An Example IFE Matrix

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

5 Strategies in Action

Learning Objectives

Assurance-of-Learning Exercises

Long-Term Objectives

Characteristics and Benefits of Objectives

Financial versus Strategic Objectives

Avoid Managing by Crisis, Hope, Extrapolation, and Mystery (CHEM)

Types of Strategies

Levels of Strategies

Integration Strategies

Forward Integration

Backward Integration

Horizontal Integration

Intensive Strategies

Market Penetration

Market Development

Product Development

Diversification Strategies

Related Diversification

Unrelated Diversification

Defensive Strategies

Retrenchment

Divestiture

Liquidation

Value Chain Analysis and Benchmarking

Benchmarking

Michael Porter’s Two Generic Strategies

Cost Leadership

Differentiation

Means for Achieving Strategies

BUILD from Within to Grow

BORROW from Others to Grow

BUY Others to Grow

First-Mover Advantages

Strategic Management in Nonprofit and Small Firms

Educational Institutions

Governmental Agencies and Departments

Small Firms

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

6 Strategy Analysis and Choice

Learning Objectives

Assurance-of-Learning Exercises

Strategy Analysis and Choice

The Process of Generating and Selecting Strategies

The Strategy-Formulation Analytical Framework

Stage 1: The Input Stage

Stage 2: The Matching Stage

Stage 3: The Decision Stage

The SWOT Matrix

The Strategic Position and Action Evaluation (SPACE) Matrix

Steps in Performing SPACE Analysis

SPACE Matrix Quadrants

SPACE Matrix

The Boston Consulting Group (BCG) Matrix

The Internal-External (IE) Matrix

The Grand Strategy Matrix

The Decision Stage: The QSPM

Positive Features and Limitations of the QSPM

How to Estimate Costs Associated with Recommendations

Cultural Aspects of Strategy Analysis and Choice

The Politics of Strategy Analysis and Choice

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

Part 3 Strategy Implementation

7 Implementing Strategies: Management and Marketing Issues

Learning Objectives

Assurance-of-Learning Exercises

Transitioning from Formulating to Implementing Strategies

The Need for Clear Annual Objectives

Establish Policies

Allocate Resources and Manage Conflict

Allocate Resources

Manage Conflict

Match Structure with Strategy

Types of Organizational Structure

The Functional Structure

The Divisional Structure

The Strategic Business Unit Structure

The Matrix Structure

Do’s and Don’ts in Developing Organizational Charts

How to Depict an Organizational Chart

Strategic Production/Operations Issues

Restructuring and Reengineering

Manage Resistance to Change

Decide Where and How to Produce Goods

Strategic Human Resource Issues

Link Performance and Pay to Strategy

Balance Work Life and Home Life

Promote Diversity

Use Caution in Hiring a Rival’s Employees

Create a Strategy-Supportive Culture

Use Caution in Monitoring Employees’ Social Media

Develop a Corporate Well-Being Program

Strategic Marketing Issues

Segment and Target Markets Effectively

Product Positioning

Perceptual Mapping

Engage Customers in Social Media

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

8 Implementing Strategies: Finance and Accounting Issues

Learning Objectives

Assurance-of-Learning Exercises

Capital Structure

EPS/EBIT Analysis: Steps to Complete

EPS/EBIT Analysis: An Example

EPS/EBIT Analysis: Limitations

Projected Financial Statements

The Free Excel Strategic Planning Template at www.strategyclub.com

Steps to Develop Projected Financial Statements

Nonprofit Organizations

P&G’s Actual Financial Statements

P&G’s Projected Financial Statements

P&G’s Retained Earnings Data Table

Corporate Valuation

Corporate Valuation Methods

Method 1

Method 2

Method 3

Method 4

Manage Financial Ratios, IPOs, and Bonds

Financial Ratio Analyses

Go Public with an IPO?

Issue Bonds to Raise Capital?

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Part 4 Strategy Evaluation and Governance

9 Strategy Evaluation and Governance

Learning Objectives

Assurance-of-Learning Exercises

The Strategy-Evaluation Process

Three Strategy-Evaluation Activities

Reviewing Bases of Strategy

Measuring Organizational Performance

Taking Corrective Actions

The Balanced Scorecard

Boards of Directors: Governance Issues

Challenges in Strategic Management

The Art or Science Issue

The Visible or Hidden Issue

Promote Workplace Democracy

Contingency Planning

Auditing

Guidelines for Effective Strategic Management

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

Part 5 Key Strategic-Management Topics

10 Business Ethics, Environmental Sustainability, and Corporate Social Responsibility

Learning Objectives

Assurance-of-Learning Exercises

Why “Good Ethics Is Good Business”

Does It Pay to Be Ethical?

How to Establish an Ethics Culture

Whistle-Blowing, Bribery, and Workplace Romance

Whistle-Blowing

Avoid Bribery

Workplace Romance

Environmental Sustainability

Sustainability Reports and the Environmental Protection Agency (EPA)

International Standardization Organization (ISO) Certification

Corporate Social Responsibility (CSR)

Food Suppliers and Livestock Welfare

Wildlife Welfare

What Firms Are the Best CSR Stewards?

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

11 Global and International Issues

Learning Objectives

Assurance-of-Learning Exercises

The Nature of Doing Business Globally

Multinational Firms

Labor Unions across Europe

Tax Rates

Advantages and Disadvantages of Doing Business Globally

The Global Challenge

Outsourcing and Reshoring

U.S. versus Foreign Business Culture

Communication Differences across Countries

Business Culture across Countries3

Mexico

Japan

China

India

Business Climate across Countries

Africa

China

Indonesia

India

Mexico

Chapter Summary

Key Terms and Concepts

Issues for Review and Discussion

Web Resources

Current Readings

Endnotes

Part 6 Strategic-Management Case Analysis

How to Prepare and Present a Case Analysis

Learning Objectives

Assurance-of-Learning Exercise

Guidelines for Preparing to Discuss a Case in Class

Be Practical

Be Thorough

Be Realistic

Be Specific

Be Original

Listen and Contribute

Developing and Delivering a Written Case Analysis

Making an Oral Presentation

Controlling Your Voice

Managing Body Language

Speaking from Slides

Answering Questions

Presenting a Case Analysis Orally

Tips for Success in Case Analysis

Macy’s, Inc.—2018

The Gap Inc.—2018

Lowe’s Companies, Inc.—2018

Office Depot, Inc.—2018

Dick’s Sporting Goods—2018

Bank of America Corporation—2018

JPMorgan & Chase Co.—2018

Chipotle Mexican Grill, Inc.—2018

Cracker Barrel Old Country Store Inc.—2018

Domino’s Pizza, Inc.—2018

PetMed Express, Inc.—2018

CVS Health Corporation—2018

Ulta Beauty, Inc.—2018

The Walt Disney Company—2018

Caesars Entertainment Corporation—2018

Spirit Airlines, Inc.—2018

Southwest Airlines Company—2018

Microsoft Corporation—2018

Amazon.com—2018

Nike, Inc.—2018

Under Armour, Inc.—2018

Polaris Industries, Inc.—2018

Estée Lauder Companies—2018

L’Oréal S.A.—2018

General Electric, Inc.—2018

Whirlpool Corporation—2018

Starbucks Corporation—2018

PepsiCo, Inc.—2018

National Audubon Society—2018

Ducks Unlimited—2018

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Tags: Fred David, Forest David, Meredith David, Strategic Management