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Test Bank (Download Now) For Contemporary Strategy Analysis 10th Edition By Robert M. Grant ISBN: 9781119495673

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Test Bank (Download Now) For Contemporary Strategy Analysis 10th Edition By Robert M. Grant ISBN: 9781119495673

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Test Bank (Download Now) For Contemporary Strategy Analysis 10th Edition By Robert M. Grant ISBN: 9781119495673

TABLE OF CONTENTS

Author Biography xiv

Preface to Tenth Edition xv

PART I INTRODUCTION 1

1 The Concept of Strategy 3

Introduction and Objectives 4

The Role of Strategy in Success 4

The Basic Framework for Strategy Analysis 9

A Brief History of Business Strategy 11

Strategy Today 14

How is Strategy Made? The Strategy Process 20

Strategic Management of Not-For-Profit Organizations 24

Summary 26

Self-Study Questions 28

Notes 28

PART II THE TOOLS OF STRATEGY ANALYSIS 31

2 Goals, Values, and Performance 33

Introduction and Objectives 34

Strategy as a Quest for Value 35

Profit, Cash Flow, and Enterprise Value 39

Putting Performance Analysis into Practice 42

Beyond Profit: Values and Corporate Social Responsibility 49

Beyond Profit: Strategy and Real Options 53

Summary 56

Self-Study Questions 57

Notes 57

3 Industry Analysis: The Fundamentals 59

Introduction and Objectives 60

From Environmental Analysis to Industry Analysis 60

Analyzing Industry Attractiveness 62

Applying Industry Analysis to Forecasting Industry Profitability 71

Using Industry Analysis to Develop Strategy 74

Defining Industries: Where to Draw the Boundaries 75

From Industry Attractiveness to Competitive Advantage:

Identifying Key Success Factors 77

Summary 80

Self-Study Questions 81

Notes 81

4 Further Topics in Industry and Competitive Analysis 83

Introduction and Objectives 84

The Limits of Industry Analysis 84

Beyond the Five Forces: Complements, Ecosystems, and Business Models 86

Competitive Interaction: Game Theory and Competitor Analysis 91

Segmentation and Strategic Groups 98

Summary 103

Self-Study Questions 103

Notes 104

5 Analyzing Resources and Capabilities 107

Introduction and Objectives 108

The Role of Resources and Capabilities in Strategy Formulation 108

Identifying Resources and Capabilities 112

Appraising Resources and Capabilities 119

Developing Strategy Implications 123

Summary 128

Self-Study Questions 129

Notes 130

6 Organization Structure and Management Systems:

The Fundamentals

of Strategy Implementation 131

Introduction and Objectives 132

Strategy Formulation and Strategy Implementation 133

The Fundamentals of Organizing: Specialization,

Cooperation, and Coordination 136

Developing Organizational Capability 139

Organization Design 142

Summary 150

Self-Study Questions 150

Notes 151

PART III BUSINESS STRATEGY AND THE QUEST

FOR COMPETITIVE ADVANTAGE 153

7 The Sources and Dimensions of Competitive Advantage 155

Introduction and Objectives 156

How Is Competitive Advantage Established? 156

How Is Competitive Advantage Sustained? 162

Cost Advantage 166

Differentiation Advantage 173

Can Firms Pursue Both Cost and Differentiation Advantage? 184

Summary 185

Self-Study Questions 186

Notes 186

8 Industry Evolution and Strategic Change 189

Introduction and Objectives 190

The Industry Life Cycle 191

The Challenge of Organizational Adaptation and Strategic Change 198

Managing Strategic Change 204

Summary 215

Self-Study Questions 215

Notes 216

9 Technology-Based Industries and the

Management of Innovation 219

Introduction and Objectives 220

Competitive Advantage in Technology-Intensive Industries 221

Strategies to Exploit Innovation: How and When to Enter 227

Standards, Platforms, and Network Externalities 232

Implementing Technology Strategies: Internal and External

Sources of Innovation 238

Implementing Technology Strategies: Organizing for Innovation 242

Summary 245

Self-Study Questions 246

Notes 246

PART IV CORPORATE STRATEGY 249

10 Vertical Integration and the Scope of the Firm 251

Introduction and Objectives 252

Transaction Costs and the Scope of the Firm 252

The Benefits and Costs of Vertical Integration 256

Designing Vertical Relationships 263

Summary 266

Self-Study Questions 266

Notes 267

11 Global Strategy and the Multinational Corporation 269

Introduction and Objectives 270

Implications of International Competition for Industry Analysis 271

Analyzing Competitive Advantage in an International Context 273

Internationalization Decisions: Locating Production 276

Internationalization Decisions: Entering a Foreign Market 278

Multinational Strategies: Global Integration versus

National Differentiation 281

Implementing International Strategy: Organizing the

Multinational Corporation 287

Summary 293

Self-Study Questions 294

Notes 295

12 Diversification Strategy 297

Introduction and Objectives 298

Motives for Diversification 299

Competitive Advantage from Diversification 303

Diversification and Performance 307

The Meaning of Relatedness in Diversification 309

Summary 311

Self-Study Questions 312

Notes 312

13 Implementing Corporate Strategy: Managing the Multibusiness

Firm 315

Introduction and Objectives 316

The Role of Corporate Management 316

Managing the Corporate Portfolio 317

Managing Linkages Across Businesses 319

Managing Individual Businesses 323

Managing Change in the Multibusiness Corporation 329

Governance of Multibusiness Corporations 333

Summary 337

Self-Study Questions 338

Notes 338

14 External Growth Strategies: Mergers, Acquisitions,

and Alliances 340

Introduction and Objectives 341

Mergers and Acquisitions 342

Strategic Alliances 351

Summary 357

Self-Study Questions 357

Notes 358

15 Current Trends in Strategic

Management 360

Introduction 361

The New Environment of Business 361

New Directions in Strategic Thinking 365

Redesigning Organizations 369

The Changing Role of Managers 371

Summary 372

Notes 373

CASES TO ACCOMPANY CONTEMPORARY STRATEGY

ANALYSIS, TENTH EDITION

1 Tough Mudder Inc.: Building Leadership in Mud Runs 375

2 Kering SA: Probing the Performance Gap with LVMH 384

3 Pot of Gold? The US Legal Marijuana Industry 393

4 The US Airline Industry in 2018 403

5 The Lithium-Ion Battery Industry 415

6 Walmart Inc. in 2018: The World’s Biggest Retailer Faces

New Challenges 428

7 Harley-Davidson, Inc. in 2018 442

8 BP: Organizational Structure and Management Systems 455

9 Starbucks Corporation, March 2018 462

10 Eastman Kodak’s Quest for a Digital Future 475

11 The New York Times: Adapting to the Digital Revolution 492

12 Tesla: Disrupting the Auto Industry 503

13 Video Game Console Industry in 2018 515

14 Eni SpA: The Corporate Strategy of an International

Energy Major 527

15 Zara: Super-Fast Fashion 546

16 Manchester City: Building a Multinational Soccer Enterprise 554

17 Haier Group: Internationalization Strategy 566

18 The Virgin Group in 2018 577

19 Google Is Now Alphabet—But What’s the Corporate Strategy? 587

20 Restructuring General Electric 600

21 Walt Disney, 21st Century Fox, and the Challenge of New Media 617

22 W. L. Gore & Associates: Rethinking Management 629

Glossary 637

Index 643