
Strategic Management
by Frank T. Rothaermel
6th Edition
Publisher: McGraw-Hill Higher Education
Book Details
| Print ISBN | 9781264124312 |
| eText ISBN | 9781265954574 |
| Publisher | McGraw-Hill Higher Education |
| Publishing Year | 2024 |
| Edition | 6th Edition |
| Language | English |
| Pages | 624 |
In an era characterized by unprecedented global volatility and rapid technological disruption, modern business leaders require a dynamic, forward-looking framework to navigate complex market shifts. Strategic Management 6th Edition delivers exactly that, offering a thoroughly modernized approach to corporate strategy that addresses the critical need for agile decision-making. This textbook explores how organizations can successfully build and sustain competitive advantage in a world transformed by recent macroeconomic shocks, geopolitical tensions, and shifting societal expectations. By focusing on real-world relevance, the text serves as an indispensable guide for future executives who must lead through uncertainty and drive sustainable organizational growth. It challenges students to think like executives from day one.
Frank T. Rothaermel utilizes a highly integrated, research-backed approach that seamlessly bridges classic theoretical frameworks with practical, contemporary execution. The text guides students through the core pillars of strategic analysis, formulation, and implementation, ensuring they comprehend the holistic nature of business planning. Rather than presenting strategy as a static set of academic rules, the author frames it as an ongoing, adaptive process influenced by technological evolution and global competition. This comprehensive perspective helps learners understand the complex trade-offs involved in resource allocation, international expansion, and corporate governance, preparing them to tackle real-world business dilemmas with confidence.
Designed for upper-level undergraduate and graduate business courses, Strategic Management 6th Edition has been widely adopted by leading business schools globally. This updated version stands out for its exceptional commitment to diversity and inclusion, showcasing a wide array of leaders from various backgrounds and industries that resonate with today's diverse student body. Instructors and students alike will benefit from the seamless integration of concepts and case studies, which are easily accessible through the Strategic Management 6th Edition PDF version. This cohesive learning system ensures that students develop the analytical skills necessary to make sound, ethical strategic choices in their future careers, making it a premier choice for modern business education.
Table of Contents
Chapter 1: What Is Strategy?
- • What Strategy Is and Is Not
- • Strategic Positioning
- • The AFI Strategy Framework
Chapter 2: Strategic Leadership: Managing the Strategy Process
- • Strategic Leaders
- • Formulating Strategy
- • The Strategic Management Process
Chapter 3: External Analysis: Industry Structure, Competitive Forces, and Strategic Groups
- • The PESTEL Framework
- • The Five Forces Model
- • Strategic Groups
Chapter 4: Internal Analysis: Resources, Capabilities, and Core Competencies
- • Core Competencies
- • The VRIO Framework
- • The Value Chain Analysis
Chapter 5: Shared Value and Competitive Advantage
- • Measuring Competitive Advantage
- • Business Models
- • Triple Bottom Line
Chapter 6: Business Strategy: Differentiation, Cost Leadership, and Blue Oceans
- • Differentiation Strategy
- • Cost-Leadership Strategy
- • Blue Ocean Strategy
Chapter 7: Business Strategy: Innovation, Entrepreneurship, and Platforms
- • The Industry Life Cycle
- • Types of Innovation
- • Platform Business Models
Chapter 8: Corporate Strategy: Vertical Integration and Diversification
- • Make-or-Buy Decisions
- • Types of Diversification
- • The BCG Matrix
Chapter 9: Corporate Strategy: Strategic Alliances, Mergers, and Acquisitions
- • Why Firms Enter Strategic Alliances
- • Mergers and Acquisitions
- • Alliance Management Capability
Chapter 10: Global Strategy: Competing Around the World
- • Going Global: Why and How
- • The Integration-Responsiveness Framework
- • National Competitive Advantage
Chapter 11: Organizational Design: Structure, Culture, and Control
- • Organizational Structure
- • Organizational Culture
- • Strategic Control-and-Reward Systems
Chapter 12: Corporate Governance and Business Ethics
- • The Principal-Agent Problem
- • Corporate Governance Mechanisms
- • Business Ethics and Strategic Leadership
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