Considered by many to be the best textbook on Strategy, Contemporary Strategy
Analysis 7th edition builds on the strengths of previous editions by introducing students
to the core concepts and principles of strategy. Rob Grant eloquently combines theory with
current real world examples and practice using a clearly written, logical and
comprehensive approach.
Updates for the 7th Edition:
*
An improved focus on strategy implementation, including additional content.
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Case material substantially enhanced including new cases form a variety of
industries.
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More use of Strategy Capsules in every chapter that give more detailed examples
of each strategy being implemented by a real company and the impacts the strategy has on
their operation.
*
Several of the longer chapters shortened or split into two to further improve
readability.
Contemporary Strategy Analysis 7th edition is suitable for both MBA and advanced
undergraduate students.
Table of Contents
Preface
PART I INTRODUCTION
1 The Concept of Strategy
Introduction and Objectives
The Role of Strategy in Success
The Basic Framework for Strategy Analysis
A Brief History of Business Strategy
Strategic Management Today
The Role of Analysis in Strategy Formulation
Summary
Self-Study Questions
Notes
PART II THE TOOLS OF STRATEGY ANALYSIS
2 Goals, Values and Performance
Introduction and Objectives
Strategy as a Quest for Value
Strategy and Real Options
Putting Performance Analysis into Practice
Beyond Profit: Values and Social Responsibility
Summary
Self-Study Questions
Notes
3 Industry Analysis: The Fundamentals
Introduction and Objectives
From Environmental Analysis to Industry Analysis
The Determinants of Industry Profit: Demand and Competition
Analyzing Industry Attractiveness
Applying Industry Analysis
Defining Industries: Where to Draw the Boundaries
From Industry Attractiveness to Competitive Advantage:
Identifying Key Success Factors
Summary
Self-Study Questions
Notes
4 Further Topics in Industry and Competitive Analysis
Introduction and Objectives
Extending the Five Forces Framework
The Contribution of Game Theory
Competitor Analysis
Segmentation Analysis
Strategic Groups
Summary
Self-Study Questions
Notes
5 Analyzing Resources and Capabilities
Introduction and Objectives
The Role of Resources and Capabilities in Strategy Formulation
The Resources of the Firm
Organizational Capabilities
Appraising Resources and Capabilities
Putting Resource and Capability Analysis to Work: A Practical Guide
Summary
Self-Study Questions
Notes
6 Developing Resources and Capabilities
Introduction and Objectives
Developing Resources
The Challenge of Capability Development
Approaches to Capability Development
Knowledge Management and the Knowledge-based View
Designing Knowledge Management Systems
Summary
Self-Study Questions
Notes
7 Organization Structure and Management Systems:
The Fundamentals of Strategy Implementation
Introduction and Objectives
The Evolution of the Corporation
The Organizational Problem: Reconciling Specialization
with Coordination and Cooperation
Hierarchy in Organizational Design
Applying the Principles of Organizational Design
Organizing on the Basis of Coordination Intensity
Alternative Structural Forms
Management Systems for Coordination and Control
Summary
Self-Study Questions
Notes
PART III THE ANALYSIS OF COMPETITIVE ADVANTAGE
8 The Nature and Sources of Competitive Advantage
Introduction and Objectives
The Emergence of Competitive Advantage
Sustaining Competitive Advantage
Competitive Advantage in Different Market Settings
Types of Competitive Advantage: Cost and Differentiation
Summary
Self-Study Questions
Notes
9 Cost Advantage
Introduction and Objectives
Strategy and Cost Advantage
The Sources of Cost Advantage
Using the Value Chain to Analyze Costs
Summary
Self-Study Questions
Notes
10 Differentiation Advantage
Introduction and Objectives
The Nature of Differentiation and Differentiation Advantage
Analyzing Differentiation: The Demand Side
Analyzing Differentiation: The Supply Side
Bringing It All Together: The Value Chain in Differentiation Analysis
Summary
Self-Study Questions
Notes
PART IV BUSINESS STRATEGIES IN DIFFERENT
INDUSTRY CONTEXTS
11 Industry Evolution and Strategic Change
Introduction and Objectives
The Industry Life Cycle
Structure, Competition and Success Factors over the Life Cycle
Organizational Adaptation and Change
Summary
Self-Study Questions
Notes
12 Technology-based Industries and the Management
of Innovation
Introduction and Objectives
Competitive Advantage in Technology-intensive Industries
Strategies to Exploit Innovation: How and When to Enter
Competing for Standards
Implementing Technology Strategies: Creating the Conditions
for Innovation
Summary
Self-Study Questions
Notes
13 Competitive Advantage in Mature Industries
Introduction and Objectives
Competitive Advantage in Mature Industries
Strategy Implementation in Mature Industries: Structure,
Systems and Style
Strategies for Declining Industries
Summary
Self-Study Questions
Notes
PART V CORPORATE STRATEGY
14 Vertical Integration and the Scope of the Firm
Introduction and Objectives
Transaction Costs and the Scope of the Firm
The Costs and Benefits of Vertical Integration
Designing Vertical Relationships
Summary
Self-Study Questions
Notes
15 Global Strategies and the Multinational Corporation
Introduction and Objectives
Implications of International Competition for Industry Analysis
Analyzing Competitive Advantage in an International Context
Applying the Framework: International Location of Production
Applying the Framework: Foreign Entry Strategies
Multinational Strategies: Global Integration versus
National Differentiation
Strategy and Organization within the Multinational Corporation
Summary
Self-Study Questions
Notes
16 Diversification Strategy
Introduction and Objectives
Trends in Diversification over Time
Motives for Diversification
Competitive Advantage from Diversification
Diversification and Performance
Summary
Self-Study Questions
Appendix: Does Diversification Confer Market Power?
Notes
17 Implementing Corporate Strategy: Management
of the Multibusiness Firm
Introduction and Objectives
Governance and the Structure of the Multibusiness Corporation
The Role of Corporate Management
Managing the Corporate Portfolio
Managing Individual Businesses
Managing Linkages between Businesses
Managing Change in the Multibusiness Corporation
External Strategy: Mergers and Acquisitions
Summary
Self-Study Questions
Notes
18 Current Trends in Strategic Management
Introduction
The New External Environment of Business
Managing in an Economic Crisis
New Directions in Strategic Thinking
Redesigning the Organization
New Modes of Leadership
Summary
Notes
Index
516 pages, Paperback