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Contents Preface xi Part I Introduction 1 1. THE CONCEPT OF STRATEGY 3 Introduction and objectives 4 The role of strategy in success 5 The basic framework for strategy analysis xx A brief history of business strategy xx Strategic management today xx The role of analysis in strategy formulation xx Summary xx Self-study questions xx Notes xx Part II The Tools of Strategy Analysis xx 2. GOALS, VALUES, AND PERFORMANCE xx Introduction and objectives xx Strategy as a quest for value xx Strategy and real options xx Putting performance analysis into practice xx Beyond profit: values and social responsibility xx Summary xx Self-study questions xx Notes xx 3. INDUSTRY ANALYSIS: THE FUNDAMENTALS xx Introduction and objectives xx From environmental analysis to industry analysis xx The determinants of industry profit: demand and competition xx Analyzing industry attractiveness xx Applying industry analysis xx Defining industries: where to draw the boundaries xx From industry attractiveness to competitive advantage: identifying key success factors xx Summary xx Self-study questions xx Notes xx 4. FURTHER TOPICS IN INDUSTRY AND COMPETITIVE ANALYSIS xx Introduction and objectives xx Extending the five forces framework xx The contribution of game theory xx Competitor analysis xx Segmentation analysis xx Strategic groups xx Summary xx Self-study questions xx Notes xx 5. ANALYZING RESOURCES AND CAPABILITIES xx Introduction and objectives xx The role of resources and capabilities in strategy formulation xx The resources of the firm xx Organizational capabilities xx Appraising resources and capabilities xx Putting resource and capability analysis to work: a practical guide xx Developing resources and capabilities xx Summary xx Self-study questions xx Appendix: Knowledge management and the knowledge-based view of the firm xx Notes xx 6. ORGANIZATION STRUCTURE AND MANAGEMENT SYSTEMS xx Introduction and objectives xx The evolution of the corporation xx The organizational problem: reconciling specialization with coordination and cooperation xx Hierarchy in organizational design xx Applying the principles of organizational design xx Alternative structural forms xx Management systems for coordination and control xx Summary xx Self-study questions xx Notes xx Part III The Analysis of Competitive Advantage xx 7. THE NATURE AND SOURCES OF COMPETITIVE ADVANTAGE xx Introduction and objectives xx The emergence of competitive advantage xx Sustaining competitive advantage xx Competitive advantage in different market settings xx Types of competitive advantage: cost and differentiation xx Summary xx Self-study questions xx Notes xx 8. COST ADVANTAGE xx Introduction and objectives xx Strategy and cost advantage xx The sources of cost advantage xx Using the value chain to analyze costs xx Summary xx Self-study questions xx Notes xx 9. DIFFERENTIATION ADVANTAGE xx Introduction and objectives xx The nature of differentiation and differentiation advantage xx Analyzing differentiation: the demand side xx Analyzing differentiation: the supply side xx Bringing it all together: the value chain in differentiation analysis xx Summary xx Self-study questions xx Notes xx Part IV Business Strategies in Different Industry Contexts xx 10. INDUSTRY EVOLUTION AND STRATEGIC CHANGE xx Introduction and objectives xx The industry life cycle xx Structure, competition, and success factors over the life cycle xx Organizational adaptation and change xx Summary xx Self-study questions xx Notes xx 11. TECHNOLOGY-BASED INDUSTRIES AND THE MANAGEMENT OF INNOVATION xx Introduction and objectives xx Competitive advantage in technology-intensive industries xx Strategies to exploit innovation: how and when to enter xx Competing for standards xx Implementing technology strategies: creating the conditions for innovation xx Summary xx Self-study questions xx Notes xx 12. COMPETITIVE ADVANTAGE IN MATURE INDUSTRIES xx Introduction and objectives xx Competitive advantage in mature industries xx Strategy implementation in mature industries: structure, systems, and style xx Strategies for declining industries xx Summary xx Self-study questions xx Notes xx Part V Corporate Strategy xx 13. VERTICAL INTEGRATION AND THE SCOPE OF THE FIRM xx Introduction and objectives xx Transaction costs and the scope of the firm xx The costs and benefits of vertical integration xx Designing vertical relationships xx Summary xx Self-study questions xx Notes xx 14. GLOBAL STRATEGIES AND THE MULTINATIONAL CORPORATION xx Introduction and objectives xx Implications of international competition for industry analysis xx Analyzing competitive advantage in an international context xx Applying the framework: international location of production xx Applying the framework: foreign entry strategies xx Multinational strategies: globalization versus national differentiation xx Strategy and organization within the multinational corporation xx Summary xx Self-study questions xx Notes xx 15. DIVERSIFICATION STRATEGY xx Introduction and objectives xx Trends in diversification over time xx Motives for diversification xx Competitive advantage from diversification xx Diversification and performance xx Summary xx Self-study questions xx Appendix: Does diversification confer market power? Notes xx 16. MANAGING THE MULTIBUSINESS CORPORATION xx Introduction and objectives xx The structure of the multibusiness company xx The role of corporate management xx Managing the corporate portfolio xx Managing individual businesses xx Managing internal linkages xx Leading change in the multibusiness corporation xx Summary xx Self-study questions xx Notes xx 17. CURRENT TRENDS IN STRATEGIC MANAGEMENT xx Introduction xx Trends in the external environment of business xx New directions in strategic thinking xx Redesigning the organization xx New modes of leadership xx Summary xx Notes xx Index xx
Library of Congress Subject Headings for this publication:
Strategic planning.