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Strategic Management
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Strategic Management (2020) is a 343-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today’s firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses.

If you are an instructor reviewing, adopting, or adapting this textbook, please help us understand your use by filling out this form http://bit.ly/strategy-interest

How to Access this Book This text is available in multiple formats including PDF, a low-resolution PDF which is faster to download, Open Document Format (ODT), and ePub. It is also available online in Pressbooks at https://pressbooks.lib.vt.edu/strategicmanagement. Softcover print on demand options are available in color interior (https://www.amazon.com/dp/1949373940) or black & white interior (https://www.amazon.com/dp/1949373894). The main landing page for this book is: https://doi.org/10.21061/strategicmanagement.

Attribution This textbook was adapted for use in Virginia Tech’s Pamplin College of Business capstone course, MGT 4394 Strategic Management, and is shared under a Creative Commons Non-Commercial ShareAlike 3.0 license. It is adapted without attribution to the original 2010 author or publisher at their request. It is adapted from Mastering Strategic Management which was published by the University of Minnesota Publishing in 2015 as an adaptation of the 2010 version. University of Minnesota Publishing reformatted the original text, and replaced some images and figures to make the resulting whole more shareable but did not otherwise significantly alter or update the original 2010 text.

Instructor Resource Portal in OER Commons
https://www.oercommons.org/groups/strategic-management-instructor-group/5209

Table of Contents
Chapter 1: Mastering Strategy: Art and Science
Chapter 2: Assessing Organizational Performance
Chapter 3: Evaluating the External Environment
Chapter 4: Evaluating the Internal Environment
Chapter 5: Synthesis of Strategic Issues and Analysis
Chapter 6: Selecting Business-Level Strategies
Chapter 7: Innovation Strategies
Chapter 8: Selecting Corporate-Level Strategies
Chapter 9: Competing in International Markets
Chapter 10: Executing Strategy through Organizational Design
Chapter 11: Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility
About the Author / Editorial and Production Teams
Version Notes
Glossary

This work is published by Virginia Tech’s Pamplin College of Business in association with Virginia Tech Publishing.

Suggested Citation Kennedy, Reed. (2020) Strategic Management. Blacksburg, VA: Virginia Tech Publishing. https://doi.org/10.21061/strategicmanagement CC BY NC-SA 3.0

Contributors
About the Previous Author
The publisher of the 2010 version of this book requested that they and the original author not receive attribution.

This Version
Primary Contributor: Reed B. Kennedy
Reviewer / Contributors: Eli Jamison, Joseph Simpson, Pankaj Kumar, Ayenda Kemp, Kiran Awate, and Kathleen Manning
Cover Design, Illustration, and Alternative Text; Student Reviewer: Kindred Grey
Research and Editorial Assistant; Student Reviewer: Kathleen Manning
Managing Editor: Anita Walz
Production Editor: Robert Browder
Copyeditors: Grace Baggett, Lauren Holt

ISBN 978-1-949373-94-3 (print-color)
ISBN 978-1-949373-89-9 (print-black & white)
ISBN 978-1-949373-96-7 (ebook-PDF)
ISBN 978-1-949373-95-0 (ebook-Pressbooks)
https://pressbooks.lib.vt.edu/strategicmanagement
DOI: https://doi.org/10.21061/strategicmanagement

Accessibility Virginia Tech Publishing is committed to making its publications accessible in accordance with the Americans with Disabilities Act of 1990. The HTML and screen reader–friendly PDF versions of this book utilize header structures and include alternative text which allow for machine-readability.

Subject:
Business
Management
Material Type:
Textbook
Provider:
Virginia Tech
Provider Set:
VTech Works
Author:
Awate Kiran
Jamison Eli
Kemp Ayenda
Kennedy Reed
Kumar Pankaj
Manning Kathleen
Simpson Joseph
Date Added:
06/03/2021
Strategic Management I, Fall 2006
Conditional Remix & Share Permitted
CC BY-NC-SA
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Subject focuses on some of the important current issues in strategic management. It concentrates on modern analytical approaches and on enduring successful strategic practices. It is consciously designed with a technological and global outlook since this orientation in many ways highlights the significant emerging trends in strategic management. Subject is intended to provide the students with a pragmatic approach that guides the formulation and implementation of corporate, business, and functional strategies. Restricted to Sloan Fellows.

Subject:
Business
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Hax, Arnoldo
Date Added:
01/01/2006
Strategic Management II, Fall 2005
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CC BY-NC-SA
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This course is intended to be an extension of course 15.902, Strategic Management, with the purpose of allowing the students to experience an in-depth application of the concepts and frameworks of strategic management. Throughout the course, Professor Hax will discuss the appropriate methodologies, concepts, and tools pertinent to strategic analyses and will illustrate their use by discussing many applications in real-life settings, drawn from his own personal experiences.

Subject:
Business
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Hax, Arnoldo
Date Added:
01/01/2005
Strategic Management in the Design and Construction Value Chain, Fall 2003
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CC BY-NC-SA
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0.0 stars

Examines the fundamental concepts of strategic planning and management in the context of the real estate, design, and construction industry. Discusses the basic business relationships among firms in the design and construction value chain. Specific topics include: industry analysis; strategic planning models; information technology strategy; strategy in fragmented industries; negotiation; and macro trends shaping the industry as a whole. Case method of instruction is used, and supplemented by extensive readings. From the course home page: This course provides an overview of key concepts in strategic management in the construction, real estate, and architecture industries. Topics include supply chain analysis, market segmentation, vertical integration, competitive advantage, and industry transformation. This course is of interest to students seeking more understanding of the business dynamics of real estate and construction; seeking to provide value in firms which they may join; or seeking to build a foundation for their own entrepreneurial pursuits.

Subject:
Business
Engineering
Environmental Engineering
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Macomber, John D.
Date Added:
01/01/2003
System Dynamics II, Fall 2013
Conditional Remix & Share Permitted
CC BY-NC-SA
Rating
0.0 stars

Continuation of 15.871, emphasizing tools and methods needed to apply systems thinking and simulation modeling successfully in complex real-world settings. Uses simulation models, management flight simulators, and case studies to deepen the conceptual and modeling skills introduced in 15.871. Through models and case studies of successful applications students learn how to use qualitative and quantitative data to formulate and test models, and how to work effectively with senior executives to implement change successfully.

Subject:
Business
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Rahmandad, Hazhir
Sterman, John
Date Added:
01/01/2013
Taxes and Business Strategy, Fall 2002
Conditional Remix & Share Permitted
CC BY-NC-SA
Rating
0.0 stars

Subject provides a conceptual framework for thinking about taxes. Applications covered include mergers and acquisitions, tax arbitrage strategies, business entity choice, executive compensation, multi-national tax planning, and others. Aimed at investment bankers and consultants who need to understand how taxes affect the structure of deals; managers and analysts who need to understand how firms strategically respond to taxes; and entrepreneurs who want to structure their finances in a tax-advantaged manner.

Subject:
Business
Finance
Government/Political Science and Law
Law
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Plesko, George A.
Date Added:
01/01/2002
Team Project, Fall 2003
Conditional Remix & Share Permitted
CC BY-NC-SA
Rating
0.0 stars

The Team Project has the goals of (1) developing teamwork and leadership skills and (2) learning from the analysis of a change initiative in a real-world company using concepts from other core courses. This class has no regular class schedule or weekly readings. Almost everything is oriented around your team and your project, with only a few deadlines. Each team is responsible for analyzing a recent, ongoing, or anticipated initiative at a real company. Examples might be a strategic reorientation, organizational restructuring, introduction of a new technology, or worker participation program. From the course home page: This course is closely integrated with other MBA core classes: readings are assigned through Organizational Processes (15.311) and oral presentations are given in Communication for Managers (15.280).

Subject:
Business
Language, Philosophy, and Culture
Management
World Cultures
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Carroll, John S.
Date Added:
01/01/2003
Technology Policy Negotiations and Dispute Resolution, Spring 2005
Conditional Remix & Share Permitted
CC BY-NC-SA
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0.0 stars

Technology Policy Negotiations and its prequel, ESD.932, Technology Policy Organizations, form a sequence on Organizational Processes in Technology Policy. This course provides a core framework for an interest-based approach to negotiations, along with a systems approach to dispute resolution in organizations. Core interactive skills are developed, including communication skills, negotiating over the "rules of game," and cross-cultural negotiations. Key assigments center on ethical debates in technology policy, regional economic development challenges, and assessment of organizational dispute resolution systems.

Subject:
Business
Engineering
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Cutcher-Gershenfeld, Joel
Date Added:
01/01/2005
Technology Strategy for System Design and Management, Spring 2009
Conditional Remix & Share Permitted
CC BY-NC-SA
Rating
0.0 stars

" This course provides you with a framework to understand the structure and dynamics of high-tech businesses, together with an approach for their effective strategic management. It is focused on domains in which systems are important, because either or both products are parts of larger and more complex systems, or they are comprised of systems. The domains covered include computing, communications (in particular the mobile and IP domains), consumer electronics, industrial networking, automotive, aerospace and medical devices. The course will be of particular interest to those interested in managing a business in which technology will likely play a major role, and also to those interested in investing in or providing counsel to these businesses. The emphasis throughout is on the development and application of ways of thinking or mental models that bring clarity to the complex co-evolution of technological innovation, the demand opportunity, systems architecture, business ecosystems, and decision-making and execution within the business."

Subject:
Automotive Technology and Repair
Business
Career and Technical Education
Management
Marketing
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Davies, Michael
Date Added:
01/01/2009
The Theory of Operations Management, Spring 2004
Conditional Remix & Share Permitted
CC BY-NC-SA
Rating
0.0 stars

Focus on theoretical work for studying operations planning and control problems. Topics vary from year to year, and include inventory theory, sequencing theory, aggregate production planning, production scheduling, multistage production/distribution systems, performance evaluation, and flexible manufacturing systems.

Subject:
Business
Career and Technical Education
Management
Manufacturing
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Gallien, JĚŠrĚŠmie
Date Added:
01/01/2004
Time Management for Busy Students
Conditional Remix & Share Permitted
CC BY-SA
Rating
0.0 stars

This workshop has been designed so that you can follow your own path. You will begin the workshop by taking a quiz to help you identify which path would be most helpful for you. After you complete the quiz and discover your results, click on the link to jump to your pathway. Pathway 1 is for students who would like some strategies to try and find some balance as they engage in studying while working. Pathway 2 is for new students who may be unfamiliar with how time at university differs from that of high school. Pathway 3 is for those who tend to put tasks off until the last minute and have come to realize that the strategy is not working for them.

Subject:
Business
Management
Material Type:
Activity/Lab
Provider:
Kwantlen Polytechnic University
Author:
Adam Vincent
Christina Page
KPU Learning Centres
Date Added:
08/25/2021
Transportation Policy and Environmental Limits, Spring 2004
Conditional Remix & Share Permitted
CC BY-NC-SA
Rating
0.0 stars

Through a combination of lectures, cases, and class discussions the subject examines the economic and political conflict between transportation and the environment. Investigates the role of government regulation, green business and transportation policy as a facilitator of economic development and environmental sustainability. Analyzes a variety of international policy problems including government-business relations, the role of interest groups, non-governmental organizations, and the public and media in the regulation of the automobile; sustainable development; global warming; politics of risk and siting of transport facilities; environmental justice; equity; as well as transportation and public health in the urban metropolis. Provides students with an opportunity to apply transportation and planning methods to develop policy alternatives in the context of environmental politics.

Subject:
Business
Engineering
Environmental Engineering
Government/Political Science and Law
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Coughlin, Joseph
Salvucci, Frederick
Date Added:
01/01/2004
Veterinary Medical Libraries in the 21st Century
Restricted Use
Copyright Restricted
Rating
0.0 stars

Written in 2006 by Iowa State University librarians Nancy L. Pelzer and William H. Wiese, Veterinary Medical Libraries in the 21st Century provides an in-depth introduction to managing an academic veterinary medical library at the turn of the 21st century, with overviews of selected libraries; discussions of collection development, technical services, and reference services; and a comprehensive list of resources on academic veterinary medical libraries.

Subject:
Business
Management
Material Type:
Textbook
Provider:
Iowa State University
Author:
Nancy Pelzer
William Wiese
Date Added:
02/18/2021
Wading Through the Past
Unrestricted Use
CC BY
Rating
0.0 stars

Wading Through the Past is a collection of essays based on the 2021 Western Water Symposium, sponsored by The Claremont Colleges Library. An assortment of scholars, librarians, and advocates have virtually gathered to discuss the process of digitizing, making accessible, and using the Western Water Archives in the hope that we might better understand and improve our relationship to water.

Subject:
Business
Environmental Science
Life Science
Management
Material Type:
Reading
Provider:
The Claremont Colleges
Author:
Char Miller
Date Added:
08/05/2021
Whiplash Injury and Chronic Pain: The Anatomy and Current Interdisciplinary Approaches to Management
Restricted Use
Copyright Restricted
Rating
0.0 stars

Whiplash injuries causing whiplash-associated disorder (WAD; spectrum of clinical manifestations resulting from injury) represent a major public health problem. The onset of pain and other symptoms may occur immediately or have a delayed onset. A substantial majority of patients progress to continuing symptoms of pain, inability to function, and loss of work, with or without associated psychological burden of depression, anxiety, and post-traumatic stress syndrome. It is important for a clinician or a health worker to understand the disease from the perspectives of its historical, biomechanical, clinical-therapeutic and bio-psycho-social approaches to effectively manage a patient’s care following a potential injury. In this book, we have summarized that information, organized into different chapters, within the framework of two patients. With this approach, information is easier to understand and directly applicable to clinical practice. We feel that this book acts as a useful resource to medical students and learners, primary care physicians, pain physicians, physiatrists, physical therapists and health providers involved with management of whiplash patients. A conscious attempt has been made to deliver evidence-based information.

Subject:
Business
Management
Material Type:
Textbook
Provider:
eCampusOntario
Author:
Anita Gross
Harsha Shanthanna
Date Added:
05/05/2021
Work, Employment, and Industrial Relations Theory, Spring 2008
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CC BY-NC-SA
Rating
0.0 stars

Historical evolution and assessment of different theories and disciplinary perspectives used in research on work, employment, and industrial relations. Introduces doctoral students to the field and explores where their research interests fit within the broader field. First part compares the normative assumptions, theories, and methodologies used by economists, historians, sociologists, psychologists, political scientists, and legal scholars from the latter nineteenth century to the present. Final portion explores strategies for advancing research on topics of current interest to participants.

Subject:
Business
Management
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Kochan, Thomas
Date Added:
01/01/2008