This comprehensive and engaging text presents strategic management scholarship in a way that is very accessible to students. Highly respected authors Hill, Schilling, and Jones integrate cutting-edge research on topics including competitive advantage, corporate governance, diversification, strategic leadership, technology and innovation, and corporate social responsibility through both theory and case studies. Based on real-world practices and current thinking in the field, the 12th edition of Strategic Management features an increased emphasis on the changing global economy and its role in strategic management.
The appendix walks students through the case-analysis process and explains key ratios that managers use to compare the performance of firms. The MindTap® learning solution is designed to meet the unique needs of this course area and will prepare your students to become the next generation of strategic leaders. Built on the Gradual Release of Responsibility instructional model, the customizable learning path contains assignments that require students to work through scaffolded activities that build their critical thinking skills.
New to this Edition
About the Author
Charles W. L. Hill
- Chapter 3 on competitive advantage has been revised to clarify the role of resources (factors of production) in the establishment of a firm's competitive advantage. Jay Barney's VRIO model is also explicitly discussed for the first time.
- Chapter 5 on business level strategy has been further revised to streamline the presentation, tighten up the discussion of business level strategies, introduce the concept of value innovation, and discuss the implication of "blue ocean strategy" for business level strategy choices.
- Chapters 12 and 13 have been combined into one chapter (now Chapter 12) and the presentation has been significantly tightened to focus on the key issues.
- To ensure the highest quality, Charles Hill and Melissa Shilling wrote all of the cases in this edition. Twenty full-length cases and 12 shorter cases cover all relevant issues discussed in the text. Cases are available for use in the MindTap® digital learning solution for this book, as well as by custom order.
Charles W. L. Hill is the Hughes M. Blake Professor of Business at the University of Washington Business School in Seattle. His research interests focus on competition and competitive analysis, corporate strategy, international business, organizational structure, and corporate governance. Dr. Hill has published more than 50 articles in peer-reviewed academic journals and has served on the editorial boards of several top tier journals, including the Academy of Management Review and the Strategic Management Journal. He also is the author of a successful international business textbook. An active consultant, Dr. Hill has worked with numerous companies. He has worked with Microsoft for almost 20 years and continues to be active within that organization. He received his PhD from the University of Manchester in the United Kingdom.
Melissa A. Schilling
Melissa Schilling is a professor of management and organizations at New York University Stern School of Business. Her research focuses on innovation and creativity, with a particular focus on topics like collaboration and technology trajectories in high technology industries such as computers, smartphones, biotechnology, electric vehicles, and video games. Her innovation textbook, Strategic Management of Technological Innovation, is the number one innovation strategy text in the world, and is available in seven languages. Her research in innovation and strategy has earned her awards such as the National Science Foundation's CAREER Award, and the Best Paper in Management Science and Organization Science for 2007 Award. Her research has also appeared in leading academic journals such as Academy of Management Journal, Academy of Management Review, Management Science, Organization Science, Strategic Management Journal, and Journal of Economics and Management Strategy and Research Policy. She sits on the editorial review boards of Organization Science, Strategic Organization, and Strategy Science. She has also advised companies such as IBM, Bloomberg, Siemens and others on strategy and innovation. She received her PhD from the University of Washington, Seattle.
Gareth R. Jones
Gareth R. Jones received his PhD from the University Of Lancaster, England, and he is trained in Economics and Organizational Theory and Behavior. His research interests include organizational design for performance, the evolution of business, and corporate-level strategy. Dr. Jones has published articles in all the major management journals and is co-author of several textbooks.