• Give your students a better understanding of today's important current trends, contemporary events, and their impact on strategic management. Expanded coverage addresses sustainable physical environment, mentoring new CEOs, strategic leadership in family owned/controlled companies, acquisitions and innovation, open innovations, managing the innovation portfolio, and more, prompting dynamic class discussion and a practical focus that engages students.
• Up-to-date research and current findings, as well as 20 new cases, focus on a variety of topics, organizational settings, and industries to ensure course material is directly relevant to students. Companies and organizations highlighted include Keurig, W. L. Gore, BP, Martha Stewart, Tim Hortons, American Express, Luck Companies, Polaris Industries and Victory Motorcycles, and many more.
• Chapter-opening cases set the stage for engaging students with each chapter's topics.
• Fresh new "Strategic Focus" segments emphasize the relevance of key concepts as students examine interesting, international strategy leaders from today's business world and the actual decisions they've implemented. Students explore how these decisions have influenced strategy within a variety of organizations.
• Thirteen mini cases, one for each chapter, have rich content that can serve as a catalyst for thoughtful class discussion or individual or group analysis. Each mini case is followed by a set of questions to guide analysis and discussion.
• Twenty new cases and the most recent research reflect current developments. Companies highlighted include Keurig, W. L. Gore, BP, Martha Stewart, Tim Hortons, American Express, Luck Companies, Polaris Industries and Victory Motorcycles, and many more. Cases exemplify how actual national and international organizations use strategic management processes to outperform rivals.
• After an in-depth study of the strategic management course area and speaking to students and instructors across the country, we have redesigned the MindTap® digital learning solution. Our immersive learning environment delivers activities within the gradual release of responsibility instructional model to elevate thinking and help students master the case analysis process.
• The Mindtap® Digital Learning Suite elevates student thinking with engaging activities that teach them to think like managers. Streamline your course planning with a fully customizable learning path designed for the strategic management course area. MindTap® offers multimedia quizzing, directed cases, branching exercises, and a collaborative work environment in which students can complete case analysis projects. Track student progress in real time with measurable learning objectives and analytics.

Part I: STRATEGIC MANAGEMENT INPUTS.

1. Strategic Management and Strategic Competitiveness.

2. The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis.

3. The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages.

Part II: STRATEGIC ACTIONS: STRATEGY FORMULATION.

4. Business-Level Strategy. 

5. Competitive Rivalry and Competitive Dynamics.

6. Corporate-Level Strategy.

7. Merger and Acquisition Strategies.

8. International Strategy.

9. Cooperative Strategy.

Part III: STRATEGIC ACTIONS: STRATEGY IMPLEMENTATION.

10. Corporate Governance.

11. Organizational Structure and Controls.

12. Strategic Leadership.

13. Strategic Entrepreneurship.

Part IV: CASES.

Michael A. Hitt

Michael Hitt is a University Distinguished Professor Emeritus at Texas A&M University and a Distinguished Research Fellow at Texas Christian University. Dr. Hitt received his Ph.D. from the University of Colorado. He has co-authored or co-edited 27 books and numerous journal articles. A recent article listed him as one of the 10 most cited authors in management during a 25-year period. The Times Higher Education 2010 listed him among the top scholars in economics, finance and management based on the number of highly cited articles he has authored. A recent article in the Academy of Management Perspectives lists him as one of the top two management scholars in terms of the combined impact of his work both inside (i.e., citations in scholarly journals) and outside of academia. Dr. Hitt has served on the editorial review boards of multiple journals and is a former editor of the Academy of Management Journal and a former co-editor of the Strategic Entrepreneurship Journal. He is a fellow in the Academy of Management, the Strategic Management Society and the Academy of International Business. He has received honorary doctorates (Doctor Honoris Causa) from the Universidad Carlos III de Madrid and from Jonkoping University. He is a former president of both the Academy of Management and of the Strategic Management Society. He received awards for the best article published in the Academy of Management Executive (1999), Academy of Management Journal (2000), Journal of Management (2006), and Family Business Review (2012). In 2006, he received the Falcone Distinguished Entrepreneurship Scholar Award from Syracuse University. In 2017, he received the Career Achievement Award for Distinguished Educator from the Academy of Management. He also received Distinguished Alumnus Awards from Texas Tech University in 2018 and from the University of Colorado in 2018. In 2014-2017, Dr. Hitt was listed as a Thomson Reuters Highly Cited Researcher.

R. Duane Ireland

R. Duane Ireland is a University Distinguished Professor, holder of the Benton Cocanougher Chair in Business and the Executive Associate Dean in the Mays Business School at Texas A&M University. Dr. Ireland teaches strategic management courses at all levels. He has more than 200 publications, including approximately 25 books. His research, which focuses on diversification, innovation, corporate entrepreneurship, strategic entrepreneurship and the informal economy, appears in an array of journals. He has served as a member of multiple editorial review boards and is a former editor of the Academy of Management Journal. He has also been a guest editor for 12 special issues of journals. A past president of the Academy of Management, Dr. Ireland is currently a fellow of the Academy of Management, a fellow of the Strategic Management Society and a research fellow in the Global Consortium of Entrepreneurship Centers. He received awards for the best article published in Academy of Management Executive (1999), the Academy of Management Journal (2000), and the Journal of Applied Management and Entrepreneurship (2010). In addition, he received an Association of Former Students Distinguished Achievement Award for Research from Texas A&M University (2012). In 2014 and 2015, Thomson Reuters identified Dr. Ireland as a Thomson Reuters Highly Cited Researcher (a listing of the world’s most influential researchers). He received a Distinguished Service award from the Academy of Management in 2017 and a Distinguished Service award from the strategic management division of the Academy of Management in the same year. He also received the Lifetime Achievement Award for Research and Scholarship from Mays Business School in 2017. In addition, The Rawls College of Business, Texas Tech University, chose him as a Distinguished Alumnus in 2018.

Robert E. Hoskisson

Robert E. Hoskisson is the George R. Brown Emeritus Chair of Strategic Management at the Jesse H. Jones Graduate School of Business, Rice University. He received his Ph.D. from the University of California-Irvine. Dr. Hoskisson's research focuses on corporate governance, acquisitions and divestitures, corporate and international diversification and cooperative strategy. He teaches courses in corporate and international strategic management, cooperative strategy and strategy consulting. He has co-authored 26 books, including recent books on business strategic and competitive advantage. Dr. Hoskisson has served on several editorial boards, including the Strategic Management Journal (Associate Editor), Academy of Management Journal (Consulting Editor), Journal of International Business Studies (Consulting Editor), Journal of Management (Associate Editor) and Organization Science. His research has appeared in more than 130 publications, including the Strategic Management Journal, Academy of Management Journal, Academy of Management Review, Organization Science, Journal of Management, Academy of Management Perspective, Academy of Management Executive, Journal of Management Studies, Journal of International Business Studies, Journal of Business Venturing, Entrepreneurship Theory and Practice, California Management Review and the Journal of World Business. He is a fellow of the Academy of Management and charter member of the Academy of Management Journal's Hall of Fame. He is also a fellow of the Strategic Management Society and has received awards from the American Society for Competitiveness and the William G. Dyer Alumni Award from the Marriott School of Management, Brigham Young University. He completed three years of service as Representative-at-Large for the Board of Governors of the Academy of Management. He also served as president and served on the Executive Committee of Board of Directors of the Strategic Management Society.