The traditional organizing framework includes crisply-written chapters that address contemporary topics. Strategic Management is divided into chapters in the traditional sequence: analysis, formulation, and implementation. In addition, there are three additional chapters on analyzing intellectual capital/knowledge management; e-commerce and Internet strategies; and corporate entrepreneurship and new venture management. Instructors who favor a traditional approach and those who demand comprehensive coverage of contemporary topical areas respond well to the Dess/Lumpkin text.
Current important research is emphasized in every chapter. The resource-based view of the firm is given significant coverage in chapters 3 and 5. Thorough coverage of corporate governance is found in chapter 9.
This hardback volume features 35 cases that encourage critical thinking and analysis. The case selection matches up with the text chapters, and there are approximately 3 cases for each chapter in the text. A detailed grid on case usage is found in the second volume of the Instructor's Manual.
Chapter-opening vignettes provide insightful, real-world examples of what can go wrong in strategic management. These are designed to spur student curiosity and interest in learning and applying the course concepts. Most texts err on the side of admiring good business practices in their chapter openers when students need to be able to diagnose problems and look for solutions in the real business world.
Students who take a strategic management course need a thorough grounding in ethics, globalization and technology. In response to this, Dess and Lumpkin thoroughly weave these themes into every chapter of the text, as part of the text flow and within the 'Strategy Spotlight' boxes that appear in every chapter.
The text features an extensive use of sidebars (approximately six per chapter). These sidebars, known as 'Strategy Spotlights,' provide relevant, interesting illustrations of real managerial practices and reinforce student interest and learning. Many of them underscore the underlying text themes of ethics, globalization, and technology.
Many key text concepts are applied to start-up firms and smaller businesses, which is particularly important and relevant given the fact that many students will begin their professional careers in just these kinds of smaller firms. In addition a major portion of Chapter 12 on "fostering entrepreneurship" focuses on small business and new start-ups.
Strategic Management by Dess/Lumpkin features the best chapter teaching notes available today! While many books outline or summarize the text materials, Dess/Lumpkin focus on 'value added' materials. Each chapter includes many suggested questions to spur in-class discussion. In addition, there are many examples and 'war stories' to provide illustrations of key concepts, well beyond the material in the text. (In fact, the chapter notes average about 16 pages). This freshens the delivery of material to the student and reduces preparation time for the instructor.
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