Strategic Management in the Digital Age

Introduction

Chapter 1 Introduction to Strategic Management
What is Strategy?
        Definition and Origins of “Strategy” in Business
        Strategic Versus Operational Decisions
        Characteristics of Effective Strategies
        Success and Failure 
        Levels of Strategy
        Corporate-Level Strategy 
        Business-Level Strategy 
        Competitive Advantages
        Types of Differentiation 
        Importance of Value Creation for Customers
        Economic Moats
        Cost Advantages
        Network Effects
        Switching Costs
        Intangible Assets 
        Efficient Scale 
Key Terms
Chapter Summary
Review Questions

Chapter 2 Strategic Management Process Overview and Historical Perspectives
Strategic Management Process
        Mission, Vision, and Values
        Environmental Scanning 
        Strategy Formulation
        Strategy Implementation 
        Evaluation and Control
        Strategy Versus Planning
History of Strategic Management
        Classical 
        Resource-Based View
        Evolutionary 
        Dynamic Capabilities
        Blue Ocean 
        Disruptive Innovation
Key Terms
Review Questions

Chapter 3 Strategic Thinking and the Strategy Process 
Strategic Thinking is a Mindset
Strategic Intent, Mission, Vision, and Values 
        Mission Statements 
        Vision Statements
        Core Values Statements
Why Mission, Mission and Core Values Statements Matter 
Characteristics of a Dynamic Environment
Proactivity, Resilience, and Innovation 
        Proactivity 
        Resilience 
        Innovation
Stakeholder Theory
Key Terms
Review Questions

Chapter 4 Analyzing the External Environment
PESTEL Analysis
        Political Factors
        Economic Factors
        Sociocultural Factors
        Technological Factors
        Environmental Factors
        Legal Factors
Industry Analysis (Porter’s Five Forces) 
        The Threat of New Entrants
        Bargaining Power of Suppliers
        Bargaining Power of Buyers 
        Threat of Substitute Products or Services
        Rivalry Among Existing Competitors
        Implications of Porter’s Five Forces
        Strategic Groups and Mapping
        Interpreting Group Mapping 
        Key Success Factors (KSFs) 
        Opportunities and Threats
Key Terms
Review Questions

Chapter 5 Analyzing the Internal Environment and Competitive Advantage
Resource-Based View
Tangible and Intangible Resources
        Tangible Resources
        Strategic Role and Limitations of Tangible Resources 
        Intangible Resources
        Strategic Role and Implications of Intangible Resources 
        Intersection Between Tangible and Intangible Resources
Standard Capabilities and Dynamic Capabilities
        Standard or Operational Capabilities 
        Dynamic Capabilities
        Core Competencies 
        Value Chain Analysis 
        Primary Activities
        Support Activities
        Strategic Use of the Value Chain Process
Strategic Implications of Effective Value Chains
VRIO Framework 
SWOT Analysis
        Strengths
        Weaknesses
        Opportunities
        Threats
Application for SWOT 
        Value Chain Versus SWOT
        Value Chain Advantages
        Value Chain Disadvantages
        SWOT Analysis Advantages 
        SWOT Analysis Disadvantages
Key Terms
Review Questions

Chapter 6 Strategy Formulation
SWOT Matrix Integration
        TOWS Matrix
        Detailed Explanation
Fit Between Environment and Resources
        Importance of Fit
        Types of Fit
Using Multiple Analysis Tools Together 
        SWOT and Value Chain Analysis
        SWOT and Porter’s Five Forces
        SWOT and PESTEL Analysis
        Putting It All Together into a Strategic Workflow
        Application: Chick-Fil-A 
Key Terms
Review Questions

Chapter 7 Corporate Strategy: Growth, Scope, and Synergy
Diversification 
        Related Diversification
        Unrelated Diversification 
        Related and Unrelated Diversification Implications 
        Vertical Integration
        Horizontal Integration 
        Restructuring 
        Downsizing
        Downscoping
        Leveraged Buyouts
        Portfolio Management
        Boston Consulting Group (BCG) Matrix
        GE-McKinsey Matrix
        Choosing the Right Model Portfolio Management Tool
Key Terms
Review Questions

Chapter 8 Business-Level Strategy: Competing for Advantage
Porter’s Generic Strategies 
        Overview and History
        Broad Cost Leadership
        Broad Differentiation 
        Cost Focused 
        Focused Differentiation
        Hybrid Strategy 

        Strategic Clock Framework
        Blue Ocean Strategy
Key Terms
Review Questions

Chapter 9 Global and International Strategy 
Reasons for International Expansion
        Market Seeking
        Resource Seeking 
        Efficiency Seeking
        Strategic Asset Seeking 
Entry Modes 
        Exporting
        Licensing 
        Franchising
        Strategic Alliances
        Joint Ventures (JV) 
        Foreign Direct Investment
Global, Multi-Domestic, Transnational Strategies
        Global Strategy
        Multi-Domestic Strategy 
        Transnational Strategy
The CAGE Framework
        Cultural Distance
        Administrative Distance 
        Geographic Distance 
        Economic Distance
Knowledge Transfer and Coordination
        Formal Structures and Systems
        Cross-Border Teams and Communities of Practice 
        Expatriation and Rotation Programs
        Digital Platforms and AI 
        Barriers to Knowledge Transfer 
Key Terms
Review Questions

Chapter 10 Strategic Innovation and Foresight
Disruptive Innovation Versus Sustaining Innovation
        Disruptive Innovation
        Sustaining Innovation
        Strategic Foresight
        Foresight Versus Forecasting
        Scenario Planning
        Real Options Theory 
Key Terms
Discussion Questions

Chapter 11 Competitive Dynamics and Strategic Rivalry
Competitive Dynamics 
Strategic Versus Tactical Actions
        Strategic Actions
        Tactical Actions
First-Mover, Second-Mover, and Late-Mover Advantage
        First-Mover Advantage
        Second-Mover Advantage 
        Late-Mover Advantage
Market Cycle Speeds
        Slow-Cycle Markets
        Fast-Cycle Markets
        Standard-Cycle Markets
Co-Opetition 
Signaling and Bluffing
        Signaling
        Bluffing
Platform Strategy and Network Effects
        Platform Strategy
        Network Effects
        Strategic Impact
        Risks
Key Terms
Discussion Questions

Chapter 12 Strategy Implementation and Organizational Alignment
Execution Versus Strategy 
Organizational Structures
        Functional Structure 
        Divisional Structure
        Matrix Structure 
        Network Structure 
Aligning Structure to Strategy
        Strategic Control Systems
        Culture and Change Management
Key Terms
Discussion Questions

Chapter 13 Strategic Leadership and Governance
Strategic Leadership Roles and Skills
        Key Roles of Strategic Leaders
        Core Skills of Strategic Leaders
        Ethical Leadership and Vision
        Strategic Vision and Ethics
        Board of Directors and Fiduciary Duty
        Governance Mechanisms 
        Executive Compensation and Incentives
Key Terms
Discussion Questions

Chapter 14 Strategic Risk Management and Crisis Response
Strategic Risk Types
        Market Risk 
        Operational Risk
        Reputational Risk 
Risk Identification and Assessment Tools
        Risk Identification 
        Risk Assessment
        Risk-Mitigation Strategies
        Risk Avoidance
        Risk Reduction 
        Risk Sharing 
        Risk Acceptance 
Early Warning Systems
        Crisis Planning and Response 
        Crisis Management Plan Elements
        Response Phases
        Business Continuity Planning 
Key Terms
Discussion Questions

Chapter 15 Strategy in the Digital Era and Age of AI 
Digital Strategy and Transformation 
        Data Analytics and AI in Strategic Decision-Making 
Digital Twins 
Agile and Lean Startup Thinking 
        Agile 
        Lean Startup 
        Agile and Learn Working Together
Cybersecurity as Strategic Imperative 
        Cybersecurity as a Strategy 
Digitization of Value Chains
        Inbound Logistics
        Operations and Manufacturing
        Outbound Logistics
        Marketing and Sales
        Service and Support 
Key Terms
Discussion Questions