Strategic Management: Value Creation, Sustainability, and Performance (Sixth Edition)

By: G. Page West III

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Synopsis: This book combines theory and practice in a particularly effective approach to the study of strategic management. Emphasizing strategy development in highly competitive environments, it applies traditional theoretical principles and analytical frameworks to today's dynamic business climate. It uses value creation and resource-based sustainability as central concepts to integrate ideas from cover to cover. This enables a broad discussion of stakeholders and organizational goals, in-depth exploration of the foundation of superior long term performance, and shows how strategy content areas are all centrally related. The book is also distinguished by its very practical approach. Chapters provide guidance on actually putting strategy frameworks to use (e.g., steps to conduct an industry analysis, how to do a resource analysis, how to conduct a value chain analysis) along with examples of how to do so. Fresh material from the news brings the theory and the practice alive for students. Classroom-tested and peer-reviewed, the author employs an engaging writing style that appeals to students and instructors alike.