Corporate Strategy
1st Edition
Published on 20. November 2008
Book
Hardback
1176 pages
978-1-84787-355-2 (ISBN)
Description
Strategy has become an increasingly difficult task in light of rapid technological change and globalization trends during the last two decades. Corporate strategy focuses on the multi-business firm with competitive positions in a broad range of industries, geographical areas and value chain activities. Corporate strategy is, therefore, not only the domain of the chief executive officer or chief strategist. It is also the domain of marketing, finance, production, and human resource management which support and promote the firm's overall strategic direction.
This major work deals with the theory on the management of the multibusiness or diversified firm. It focuses on corporate-level strategy issues such as the structural analysis of industries and the determinants of competition, models of portfolio analysis, determination of firm scale and scope, diversification and performance, vertical integration, global integration, structure and control, and organizational leadership.
Volume 1 examines how organizations create competitive advantage at the corporate level. The focus is on value creation in multi-divisional firms and coordination of business activities across businesses and locations. Volume 2 examines the literature on firm scope, diversification and vertical integration. Volume 3 looks at growth and control in multi-divisional firms. It reviews literature on alternative modes of firm expansion and examines the issue of strategic change in organizations and implications of change for firm performance and the firm's stakeholders.
This major work deals with the theory on the management of the multibusiness or diversified firm. It focuses on corporate-level strategy issues such as the structural analysis of industries and the determinants of competition, models of portfolio analysis, determination of firm scale and scope, diversification and performance, vertical integration, global integration, structure and control, and organizational leadership.
Volume 1 examines how organizations create competitive advantage at the corporate level. The focus is on value creation in multi-divisional firms and coordination of business activities across businesses and locations. Volume 2 examines the literature on firm scope, diversification and vertical integration. Volume 3 looks at growth and control in multi-divisional firms. It reviews literature on alternative modes of firm expansion and examines the issue of strategic change in organizations and implications of change for firm performance and the firm's stakeholders.
More details
Series
Edition
Third Edition
Language
English
Place of publication
London
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
Weight
2165 gr
ISBN-13
978-1-84787-355-2 (9781847873552)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Jeffrey Krug teaches strategic management and international business in the Ph.D., Executive MBA, MBA, and undergraduate programs at Virginia Commonwealth University. He is also an adjunct professor of international management at the University of Munster in Germany. He was named Outstanding Instructor of the Year by the University of Illinois Executive MBA program in 2003 and 2000. He also received the Faculty Service Award from the Executive MBA program for his work leading consulting projects in Europe with such companies as Porsche, Volkswagen, Caterpillar, Warsteiner, Deutsche Telekom, BASF, and Bertelsmann. Before entering academia, Dr. Krug was manager of planning & analysis in Latin America for PepsiCo's Kentucky Fried Chicken International division. Krug's research focuses on mergers and acquisition, corporate strategy, corporate governance, top management team effectiveness, and global strategy. His articles have been published in Harvard Business Review, Strategic Management Journal, California Management Review, Journal of World Business, Journal of Management & Governance, Journal of International Management, and other related journals
Content
VOLUME 1: CORPORATE STRATEGY
Part 1: Domain of Corporate Strategy
Chief Executive Officer, President, or General Manager: Roles and responsibilities - Kenneth R. Andrews
The Concept of Corporate Strategy - Kenneth R. Andrews
Strategy and Environment: A conceptual integration - L.J. Bourgeois III
Does Corporate Strategy Matter - Edward H. Bowman and Constance E. Helfat
Part 2: Scope of the Firm
Economies of Scope and the Scope of the Enterprise - David J. Teece
The Modern Corporation: Origins, Evolution, Attributes - Oliver E. Williamson
Part 3: Structural Analysis of Industries
How Competitive Forces Shape Strategy - Michael E. Porter
Structure-Profit Relationship at the Line of Business and Industry Level - David J. Ravenscraft
Do Markets Differ Much? - Richard Schmalensee
What is an Attractive Industry? - Birger Wernerfelt and Cynthia A. Montgomery
How Much Does Industry Matter? An Alternative Empirical Test - Thomas C. Powell
Part 4: Structural Analysis within Industries
From Entry Barriers to Mobility Barriers: Conjectural decisions and contrived deterrence to new competition - Richard E. Caves and Michael E. Porter
Strategic Groups and the Structure-Performance Relationship - Howard H. Newman
Strategic Group Formation and Performance: The case of the U.S. pharmaceutical industry, 1963-1982 - Karel O. Cool and Dan Schendel
Addressing Temporal Change in Strategic Groups Analysis: A three-mode factor analysis approach - Inga S. Baird, D. Sudharshan and Howard Thomas
A Test of Performance Similarity among Strategic Group Members in Conforming and Non-Conforming Industry Structures - Michael Lawless and Linda Finch Tegarden
From I-O Economics' S-C-P Paradigm through Strategic Groups to Competence-Based Competition: reflections on the puzzle of competitive strategy - Howard Thomas and Timothy Pollock
Dynamics of the Strategic Group Membership-Performance Linkage in Rapidly Changing Environments - Jose Angel Zuniga-Vicente, Juan Manuel de la Fuente-Sabate and Isabel Suarez-Gonzales
New Institutional Economics' Contribution to Strategic Groups Analysis - Stephanie Tywoniak, Peter Galvin and Jennifer Davies
VOLUME 2: DIVERSIFICATION AND GROWTH OF THE FIRM
Part 5: Diversification
A Model for Diversification - Igor H. Ansoff
Diversification Strategy and Profitability - Richard P. Rumelt
Corporate Diversification - Cynthia A. Montgomery
The Death of Diversification? The Focusing of the World's Industrial Firms, 1980-2000 - Lawrence G. Franko
Part 6: Vertical Integration
The Division of Labor is Limited by the Extent of the Market - George J. Stigler
Vertical Mergers, Market Powers, and the Antitrust Laws - William S. Comanor
The Vertical Integration of Production: Market failure considerations - Oliver E. Williamson
Formulating Vertical Integration Strategies - Kathryn Rudie Harrigan
The Role of Asset Specificity in the Vertical Integration Decision - Glen Whyte
Explaining Vertical Integration Strategies: Market power, transactional attributes and capabilities - Isabel Diez-Vial
Part 7: Global Integration
How Global Companies Win Out - Thomas Hout, Michael E. Porter and Eileen Rudden
Global Strategy: An organizing framework - Sumantra Ghoshal
Business-Level Competitive Strategy: A contingency link to internationalization - Kendall Roth and Allen J. Morrison
The Global Integration of Business Functions: A study of multinational businesses in integrated global industries - K. Kim, J-H Park and John E. Prescott
International Diversification and Firm Performance: The s-curve hypothesis - Jane W. Lu and Paul W. Beamish
Part 8: Growth and Entry Mode Strategies
Diversification Entry: Internal development versus acquisition - George S. Yip
Plant Creation versus Plant Acquisition: The entry process in Canadian manufacturing - John R. Baldwin and Paul K. Gorecki
Acquisition or Greenfield Start-Up? Institutional, Cultural and Transaction Cost Influences - Keith D. Brouthers and Lance Eliot Brouthers
Analysing Foreign Market Entry: The choice between Greenfield investment and acquisitions - Holger Goerg
Determinants of FDI Mode Choice: Acquisition, Brownfield, and Greenfield entry in foreign markets - Yung-Ming Cheng
VOLUME 3: STRATEGY, STRUCTURE, AND LEADERSHIP
Part 9: Portfolio Analysis
Diagnosing the Product Portfolio - George S. Day
Strategic Attributes and Performance in the BCG Matrix- A PIMS-Based Analysis of Industrial Product Business - Donald C. Hambrick, Ian C. MacMillan and Diana L. Day
Managing Acquisitions of Strategic Business Units with the Aid of the Arbitrage Pricing Model - Mark Kroll and Stephen Caples
Rethinking the Product Portfolio: A generalized investment model - Timothy M. Devinney and David W. Stewart
Planning Your Firm's R&D Investment - George C. Hartmann, Mark B. Myers and Richard S. Rosenbloom
Part 10: Divestiture and Portfolio Restructuring
Overview of Corporate Restructuring Trends and Consequences - Edward H. Bowman and Harbir Singh
Please Note Location of Nearest Exit: Exit barriers and planning - Michael E. Porter
Divestiture, Market Valuation, and Strategy - Cynthia A. Montgomery, Ann R. Thomas and Rajan Kamath
Resetting The Clock: The dynamics of organizational change and failure - Terry L. Amburgey, Dawn Kelly and William P. Barnett
Testing the Time Variancy of Explanatory Factors of Strategic Change - Jose Vicente-Lorente and Jose Angel Zuniga-Vicente
Part 11: Strategy and Structure
Introduction - Strategy and Structure - Alfred D. Chandler, Jr.
A Move Toward a Multidivisional Structure in European Organizations - Lawrence G. Franko
Transaction Cost Analysis of Strategy-Structure Choice - Gareth R. Jones and Charles W.L. Hill
The Adoption of the Multidivisional Form of Organization: A contingency model - Joseph T. Mahoney
Economics, Politics and Nations: Resistance to the multidivisional form in France, Germany and the United Kingdom, 1983-1993 - Michael Mayer and Richard Whittington
Part 12: The Role of Executives and Corporate Headquarters
The Functions of the HQ Unit in the Multibusiness Firm - Alfred Dupont Chandler, Jr.
Governance Costs, Determinants, and Size of Corporate Headquarters - Rolf B hner
Upper Echelons: The organization as a reflection of its top managers - Donald C. Hambrick and Phyllis A. Mason
The Impact of Chief Executive Officer Personality on Top Management Team Dynamics: One mechanism by which leadership affects organizational performance - Randall S. Peterson D. Brenth Smith, Paul V. Martorana and Pamela D. Owens
Long-Term Top Management Team Effects in Mergers and Acquisitions - Jeffrey A. Krug and Walt Shill
Part 1: Domain of Corporate Strategy
Chief Executive Officer, President, or General Manager: Roles and responsibilities - Kenneth R. Andrews
The Concept of Corporate Strategy - Kenneth R. Andrews
Strategy and Environment: A conceptual integration - L.J. Bourgeois III
Does Corporate Strategy Matter - Edward H. Bowman and Constance E. Helfat
Part 2: Scope of the Firm
Economies of Scope and the Scope of the Enterprise - David J. Teece
The Modern Corporation: Origins, Evolution, Attributes - Oliver E. Williamson
Part 3: Structural Analysis of Industries
How Competitive Forces Shape Strategy - Michael E. Porter
Structure-Profit Relationship at the Line of Business and Industry Level - David J. Ravenscraft
Do Markets Differ Much? - Richard Schmalensee
What is an Attractive Industry? - Birger Wernerfelt and Cynthia A. Montgomery
How Much Does Industry Matter? An Alternative Empirical Test - Thomas C. Powell
Part 4: Structural Analysis within Industries
From Entry Barriers to Mobility Barriers: Conjectural decisions and contrived deterrence to new competition - Richard E. Caves and Michael E. Porter
Strategic Groups and the Structure-Performance Relationship - Howard H. Newman
Strategic Group Formation and Performance: The case of the U.S. pharmaceutical industry, 1963-1982 - Karel O. Cool and Dan Schendel
Addressing Temporal Change in Strategic Groups Analysis: A three-mode factor analysis approach - Inga S. Baird, D. Sudharshan and Howard Thomas
A Test of Performance Similarity among Strategic Group Members in Conforming and Non-Conforming Industry Structures - Michael Lawless and Linda Finch Tegarden
From I-O Economics' S-C-P Paradigm through Strategic Groups to Competence-Based Competition: reflections on the puzzle of competitive strategy - Howard Thomas and Timothy Pollock
Dynamics of the Strategic Group Membership-Performance Linkage in Rapidly Changing Environments - Jose Angel Zuniga-Vicente, Juan Manuel de la Fuente-Sabate and Isabel Suarez-Gonzales
New Institutional Economics' Contribution to Strategic Groups Analysis - Stephanie Tywoniak, Peter Galvin and Jennifer Davies
VOLUME 2: DIVERSIFICATION AND GROWTH OF THE FIRM
Part 5: Diversification
A Model for Diversification - Igor H. Ansoff
Diversification Strategy and Profitability - Richard P. Rumelt
Corporate Diversification - Cynthia A. Montgomery
The Death of Diversification? The Focusing of the World's Industrial Firms, 1980-2000 - Lawrence G. Franko
Part 6: Vertical Integration
The Division of Labor is Limited by the Extent of the Market - George J. Stigler
Vertical Mergers, Market Powers, and the Antitrust Laws - William S. Comanor
The Vertical Integration of Production: Market failure considerations - Oliver E. Williamson
Formulating Vertical Integration Strategies - Kathryn Rudie Harrigan
The Role of Asset Specificity in the Vertical Integration Decision - Glen Whyte
Explaining Vertical Integration Strategies: Market power, transactional attributes and capabilities - Isabel Diez-Vial
Part 7: Global Integration
How Global Companies Win Out - Thomas Hout, Michael E. Porter and Eileen Rudden
Global Strategy: An organizing framework - Sumantra Ghoshal
Business-Level Competitive Strategy: A contingency link to internationalization - Kendall Roth and Allen J. Morrison
The Global Integration of Business Functions: A study of multinational businesses in integrated global industries - K. Kim, J-H Park and John E. Prescott
International Diversification and Firm Performance: The s-curve hypothesis - Jane W. Lu and Paul W. Beamish
Part 8: Growth and Entry Mode Strategies
Diversification Entry: Internal development versus acquisition - George S. Yip
Plant Creation versus Plant Acquisition: The entry process in Canadian manufacturing - John R. Baldwin and Paul K. Gorecki
Acquisition or Greenfield Start-Up? Institutional, Cultural and Transaction Cost Influences - Keith D. Brouthers and Lance Eliot Brouthers
Analysing Foreign Market Entry: The choice between Greenfield investment and acquisitions - Holger Goerg
Determinants of FDI Mode Choice: Acquisition, Brownfield, and Greenfield entry in foreign markets - Yung-Ming Cheng
VOLUME 3: STRATEGY, STRUCTURE, AND LEADERSHIP
Part 9: Portfolio Analysis
Diagnosing the Product Portfolio - George S. Day
Strategic Attributes and Performance in the BCG Matrix- A PIMS-Based Analysis of Industrial Product Business - Donald C. Hambrick, Ian C. MacMillan and Diana L. Day
Managing Acquisitions of Strategic Business Units with the Aid of the Arbitrage Pricing Model - Mark Kroll and Stephen Caples
Rethinking the Product Portfolio: A generalized investment model - Timothy M. Devinney and David W. Stewart
Planning Your Firm's R&D Investment - George C. Hartmann, Mark B. Myers and Richard S. Rosenbloom
Part 10: Divestiture and Portfolio Restructuring
Overview of Corporate Restructuring Trends and Consequences - Edward H. Bowman and Harbir Singh
Please Note Location of Nearest Exit: Exit barriers and planning - Michael E. Porter
Divestiture, Market Valuation, and Strategy - Cynthia A. Montgomery, Ann R. Thomas and Rajan Kamath
Resetting The Clock: The dynamics of organizational change and failure - Terry L. Amburgey, Dawn Kelly and William P. Barnett
Testing the Time Variancy of Explanatory Factors of Strategic Change - Jose Vicente-Lorente and Jose Angel Zuniga-Vicente
Part 11: Strategy and Structure
Introduction - Strategy and Structure - Alfred D. Chandler, Jr.
A Move Toward a Multidivisional Structure in European Organizations - Lawrence G. Franko
Transaction Cost Analysis of Strategy-Structure Choice - Gareth R. Jones and Charles W.L. Hill
The Adoption of the Multidivisional Form of Organization: A contingency model - Joseph T. Mahoney
Economics, Politics and Nations: Resistance to the multidivisional form in France, Germany and the United Kingdom, 1983-1993 - Michael Mayer and Richard Whittington
Part 12: The Role of Executives and Corporate Headquarters
The Functions of the HQ Unit in the Multibusiness Firm - Alfred Dupont Chandler, Jr.
Governance Costs, Determinants, and Size of Corporate Headquarters - Rolf B hner
Upper Echelons: The organization as a reflection of its top managers - Donald C. Hambrick and Phyllis A. Mason
The Impact of Chief Executive Officer Personality on Top Management Team Dynamics: One mechanism by which leadership affects organizational performance - Randall S. Peterson D. Brenth Smith, Paul V. Martorana and Pamela D. Owens
Long-Term Top Management Team Effects in Mergers and Acquisitions - Jeffrey A. Krug and Walt Shill