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Strategic Management: Concepts and Cases, 14th Edition

Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson, Jeffrey S. Harrison

  • Copyright 2024
  • {{checkPublicationMessage('Published', '2023-06-16T00:00:00+0000')}}
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Strategic Management: Concepts and Cases 14th Edition by Michael A. Hitt/R. Duane Ireland/Robert E. Hoskisson/Jeffrey S. Harrison
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Overview

Introduce strategic management with the market-leading text that sets the standard for this course. Written by prominent management scholars and award-winning instructors, Hitt/Ireland/Hoskisson/Harrison's STRATEGIC MANAGEMENT: COMPETITIVENESS AND GLOBALIZATION, 14E 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 and a stakeholder perspective to demonstrate how businesses establish competitive advantages and create value for stakeholders. Twenty business cases cover U.S. and international businesses across many industries. Cutting-edge research provides a strong global focus and helps students interpret the actions of more than 600 emerging or established companies. Almost all Opening Cases, Strategic Focus segments and mini-cases are new, and MindTap and Cengage Infuse online resources are also available to help students become strategic leaders.

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Meet the Authors

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Michael A. Hitt

Michael A. Hitt is a University Distinguished Professor Emeritus at Texas A&M University. Dr. Hitt received his Ph.D. from the University of Colorado. He has co-authored or co-edited 28 books and authored or co-authored numerous journal articles. A recent article lists him as one of the 10 most cited authors in management during a 25-year period and the Times Higher Education 2010 lists him among the top scholars in economics, finance and management, based on the number of highly cited articles he has authored. The Academy of Management Perspectives recognizes Dr. Hitt as one of the top two management scholars, based on the impact of his work in academia and beyond. The Academy of Management Learning and Education lists him as the highest cited author in strategic management texts. Dr. Hitt has served on the editorial review boards of multiple journals and is former editor of the Academy of Management Journal, former co-editor of the Strategic Entrepreneurship Journal and former editor-in-chief of Oxford Research Encyclopedia. He is a fellow in the Academy of International Business and is a fellow and former president of both the Academy of Management and the Strategic Management Society and. He has received honorary doctorates (Doctor Honoris Causa) from the Universidad Carlos III de Madrid and from Jonkoping University. He has received awards for the best article published in the Academy of Management Executive, Academy of Management Journal, Journal of Management and Family Business Review. He has received the Irwin Outstanding Educator Award, the Career Achievement Award for Distinguished Service and the Career Award for Distinguished Educator from the Academy of Management. He also received Distinguished Alumnus Awards from Texas Tech University and from the University of Colorado.

R. Duane Ireland

R. Duane Ireland is a University Distinguished Professor Emeritus in Mays Business School, Texas A&M University, where he held the Benton Cocanougher Chair in Business. He has also served in various leadership roles, including head of the Department of Management, executive associate dean, acting dean and interim dean. Dr. Ireland taught strategic management courses at all educational levels. He has more than 200 publications, including approximately 25 books. His research focuses on diversification, innovation, corporate entrepreneurship, strategic entrepreneurship and the informal economy. He also has served on multiple editorial review boards and is a former editor of the Academy of Management Journal. He is also a former consulting editor for the Academy of Management Executive, and he has been a guest editor for 13 special issues of journals. Dr. Ireland is a past president of the Academy of Management. He is a fellow of the Academy of Management and the Strategic Management Society, and is a research fellow with the Global Consortium of Entrepreneurship Centers. The Academy of Management Learning and Education lists him as among the most highly cited authors in strategic management texts. He has received awards for the best article published in Academy of Management Executive, the Academy of Management Journal, and the Journal of Applied Management and Entrepreneurship. He received an Association of Former Students Distinguished Achievement Award for Research from Texas A&M University. For five years Thomson Reuters has identified Dr. Ireland as a Thomson Reuters Highly Cited Researcher (a list of the world’s most influential researchers). He has also received two Distinguished Service awards from the Academy of Management.

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. Dr. Hoskisson received his Ph.D. from the University of California-Irvine. His research topics focus 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 34 books. Dr. Hoskisson has served on several editorial boards for such publications as the Strategic Management Journal (Associate Editor), Academy of Management Journal (Consulting Editor), Journal of International Business Studies (Consulting Editor), Journal of Management (Associate Editor), Organization Science and Journal of Management Studies (Special Issue Guest Editor). 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, Leadership Quarterly, Organization Studies, Strategic Management Review, Entrepreneurship Theory and Practice, California Management Review and Journal of World Business. The Academy of Management Learning and Education lists him among the most highly cited authors in strategic management texts. He is also included in the Thomson Reuters Highly Cited Researcher list that catalogues the world’s most influential research scholars. Dr. Hoskisson is a fellow of the Academy of Management and a charter member of the Academy of Management Journal’s Hall of Fame.

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.

What's New

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  • 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.

Features

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  • 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.

Table of Contents

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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.

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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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ISBN: 9780357716786
Today's leading digital platform, MindTap for Hitt/Ireland/Hoskisson's Strategic Management: Concepts and Cases: Competitiveness and Globalization, 14th Edition, gives you complete control of your course—equipping you to craft unique learning experiences that challenge students, build confidence and elevate performance. A streamlined learning path and redesigned assessments minimize reader distraction, while dual-pane assignments for students pair readings side-by-side with assessments. MindTap presents complex concepts using a blend of engaging narrative and media assets clearly linked to assessments. So, students can start applying concepts to real-world situations from the beginning of your course with content that progresses from understanding core concepts to critical thinking and, ultimately, application. A distinctive, personalized study plan, based on individual performance, helps students stay focused and enables them to easily pinpoint areas for further study and practice. Exclusive Instructor Tools allow you to customize course content to your needs and tailor assessments to match the specific language and style of your course. New Instructor Reports provide actionable insights into student performance and present opportunities for just-in-time intervention. Use MindTap for Hitt/Ireland/Hoskisson's Strategic Management: Concepts and Cases: Competitiveness and Globalization, 14th Edition as-is or customize it to meet your specific needs. You can even integrate it easily into your LMS.