Strategic management competitiveness and globalization concepts and cases 7 ed hitt hoskisson 2

... PART ACTIONSPART III: III: STRATEGIC STRATEGIC Chapters ACTIONS- • 10 , STRATEGY 10 , 11 , 11 , STRATEGY IMPLEMENTATION IMPLEMENTATION 12 12 & & 13 13 ©2 013 Cengage Learning All Rights Reserved May ... Define strategic competitiveness, strategy, competitive advantage, above-average returns, and the strategic management process ● Describe the competitive landscape and exp...

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... OBJECTIVES ● Explain the importance of analyzing and understanding the firm’s external environment ● Define and describe the general environment and the industry environment ● Discuss the four ... forces and explain how they determine an industry’s profit potential ● Define strategic groups and describe their influence on the firm ● Describe what firms need to know about their com...

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... WEAKNESSES, AND STRATEGIC DECISIONS • Firms must identify their strengths and weaknesses Appropriate resources and capabilities are needed to develop desired strategy and create value for customers and ... COMPETITIVE ADVANTAGE FIGURE 3. 1 Components of Internal Analysis Leading to Competitive Advantage and Strategic Competitiveness Components of an Internal Analysis ©20 1...

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... poorly performing stores in the United States and refocused on innovation ■ By 2011, with its 40 th anniversary, a new logo, innovation such as VIA and customers paying for their purchases with ... use CORE COMPETENCIES AND STRATEGY Resources and superior capabilities that are sources Core Competencies of competitive advantage over a firm’s rivals An integrated and coordinated set...

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... RIVALRY STRATEGIC AND TACTICAL Strategic Action (or Response) ACTIONS • A market-based move that involves a significant commitment of organizational resources and is difficult to implement and reverse ... will respond to it as well as by the type (strategic or tactical) and effectiveness of that response Strategic actions receive strategic responses • Strategic actions elic...

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... Antitrust laws in 1 960 s and 1970s discouraged mergers that created increased market power (vertical or horizontal integration) Antitrust Regulation • Mergers in the 1 960 s and 1970s thus tended ... Figure 6. 1 defines five categories of businesses according to increasing levels of diversification ● Diversified firms vary according to their level of diversification and the connection...

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... the two workforces BOTH the accuracy of the financial position and accounting standards used AND the quality of the strategic fit and the ability of the acquiring firm to effectively integrate ... Shift core business into different markets Manage industry and regulatory changes Intent: Increase firm’s strategic competitiveness and value; historically returns are close to zero...

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... use OPPORTUNITIES AND OUTCOMES OF INTERNATIONAL STRATEGY FIGURE 8. 1 Opportunities and Outcomes of International Strategy ©Copyrighted 2011 Michael A Hitt, R Duane Ireland and Robert E Hoskisson ... strategy, structure, and rivalry: the pattern of strategy, structure, and rivalry among firms • Common technical training • Methodological product and process improvement • Cooperati...

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... COLLABORATING TO SUCCEED ■ The 199 9 French-based Renault and Japanesebased Nissan alliance was launched because each firm lacked the necessary size to develop economies of scale and economies of scope, ... password-protected website for classroom use T YPES OF MAJOR STRATEGIC ALLIANCES Joint Venture • EXAMPLE: 199 9 - Germany’s Siemens AG and Japan’s Fujitsu Ltd each owned 50 percen...

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... manage the relationships (and conflicting interests) among stakeholders, and to determine and control the strategic direction and performance of organizations (aligning strategic decisions with ... a passwordprotected website for classroom use MANAGER AND SHAREHOLDER RISK AND DIVERSIFICATION FIGURE 10. 2 Manager and Shareholder Risk and Diversification ©2013 Cengage Learn...

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... Define organizational structure and controls and discuss the difference between strategic and financial controls ● Describe the relationship between strategy and structure ● Discuss the functional ... price increases and relationship demands, and to force suppliers to hold down their prices Continuously improving levels of efficiency and cost reduction can be difficult to repl...

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