Understanding Business Strategy Concepts Plus, 3rd Edition

R. Duane Ireland, Robert E. Hoskisson, Michael A. Hitt

Copyright 2012
{{checkPublicationMessage('Published', '2011-04-29T00:00:00+0000')}}

Starting At $77.95 See pricing and ISBN options

Instructor Next Steps

Students: Buy now

Understanding Business Strategy Concepts Plus 3rd Edition by R. Duane Ireland/Robert E. Hoskisson/Michael A. Hitt

Quick Navigation

Overview
Meet the Authors
What's New
Features
Table of Contents
Pricing

Overview

Introduce the knowledge and tools that today's most successful firms use to build business and consistently outperform the competition with the latest edition of Ireland/Hoskisson/Hitt's UNDERSTANDING BUSINESS STRATEGY CONCEPTS PLUS, Third Edition. This book clearly demonstrates to your students what today's most successful firms already know--how solid management strategy equals the decisive actions necessary to create sustainable competitive advantage.

Written by strategy leaders recognized for their reliability and currency, this concise text's strong conceptual foundation highlights the latest strategic management research and cutting-edge practices. Students learn from both successes and failures in this action-oriented book as they examine the impact of business strategy in familiar firms and learn from the mistakes of those who failed to apply the strategic process.

This edition's unique applied learning approach guides students, step-by-step, through creating strong strategy, planning for success, implementing responsive action, competing effectively with strategy, analyzing the environment and firm, and improving upon results. Students develop practical workplace skills as UNDERSTANDING BUSINESS STRATEGY CONCEPTS PLUS, Third Edition's powerful cases, experiential exercises, and videos from world business leaders reinforce how solid strategy leads to responsive actions that separate successful firms from those that fail.

Meet the Authors

{{collapseContainerClosed['meet-the-author'] ? 'Show More' : 'Show Less'}}

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.

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.

What's New

{{collapseContainerClosed['whats-new'] ? 'Show More' : 'Show Less'}}

CengageNOW: This robust, online course management system gives you more control in less time and delivers better student outcomes — NOW. CengageNOW includes teaching and learning resources organized around lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. Flexible assignments, online case library, automatic grading and a gradebook option provide more control while saving you valuable time. A Personalized Study diagnostic tool empowers students to master concepts, prepare for exams, and become more involved in class.
Online Case Library: In this edition a full selection of new and updates case studies are available for you to assign to your class through CengageNOW, our dynamic online homework system. With cases delivered through CengageNOW, your students only see the cases that you have selected to use in your course.

Features

{{collapseContainerClosed['features'] ? 'Show More' : 'Show Less'}}

Present today's most current business strategy on every page: This edition's distinguished business authors have reviewed and updated each chapter with the latest business research so you can guide your students through the creation, implementation, and evaluation of the strategic process using the most accurate and up-to-date business strategy information available today.
Analyze familiar organizations with fresh new teaching cases: An up-to-date selection of full teaching cases available for your assign within CengageNOW, our online homework system, draws from a variety of well-known organizations, such as Apple, eBay, Mattel, Nintendo, Toyota, and familiar industries, giving students an opportunity to formulate, execute, and evaluate all parts of the strategic management process.
Hone student skills with updated, powerful Mini-Cases: This edition's numerous new and updated end-of-chapter Mini-Cases allow students to hone personal strategic management skills as they conduct a brief analysis, practice critical thinking, and implement actual strategy within each succinct case.
Ensure thorough understanding with Experiential Exercises: Two Experiential Exercises at the end of each chapter give students the opportunity to participate in the actual strategic management process--from the formulation of strategy and implementation of action through the final analysis--for a more thorough understanding of the chapter's topics.
Highlight global business leaders and challenges with new 50 Lessons videos: Bring the latest business challenges into your course with this powerful selection of 10 brief videos by 50 Lessons. Some of the world's most successful business leaders share their business acumen and outline guiding principles behind their most important business decisions and career progression on the Instructor's Resource DVD.
Ensure understanding with student-focused, step-by-step presentation: This book's unique applied approach presents concepts in easily digestible chunks using inviting colorful graphics and informative figures to help students retain information as they walk through the creation, planning, execution, and evaluation of the strategic management process.
Trust the text's accurate, reliable presentation: The text's distinguished authors continue to provide the most accurate, reliable presentation available in this new edition. You can teach with confidence, knowing your students are learning from the most accurate, up-to-date business strategy text on the market.
Provide in-depth, brief, and customized analysis with a variety of cases: Help students practice strategic management and critical-thinking skills with a wide selection of Full Teaching Cases that reflect today's latest developments and fresh Mini-Cases drawn from familiar industries. Cases allow students to plan, execute, and evaluate strategies in action and within context. You can even choose additional cases from Harvard, Ivey, and Darden through Cengage Learning Custom Solutions.
Build students' skills with strategy toolbox: Students closely analyze and evaluate how real firms use specific management tools or techniques within the strategic management process. This practical approach to business problems encourages students to think strategically. The outlined steps or approaches provide skills students can use in the workplace for their personal success.
Present unique perspectives within understanding strategy: Learning from success/learning from failure: At the heart of this book's action-oriented approach, your students learn to apply the strategic management process for short- and long-term success as they see the impact of business strategy at work in examples of familiar companies, drawn from recent business news. Your students even learn from mistakes of others as they examine strategies that did not work and see, first hand, the results in firms that failed to apply the strategic process.

{{collapseContainerClosed['table-of-contents'] ? 'Show More' : 'Show Less'}}

1. The Foundations of Strategic Management.
2. Leading Strategically.
3. Analyzing the External Environment.
4. Analyzing the Firm.
5. Business-Level Strategy.
6. Multi-Product Strategies.
7. Acquiring and Integrating Businesses.
8. Competing Across Borders.
9. Creating and Maintaining Alliances.
10. Innovating through Strategic Entrepreneurship.