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Book Review: Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment

Book Review: Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment BOOK REVIEWS ABBASS ALKHAFAHI 2003 external environment is dominated by forces Strategic Management: Formulation, which shape a particular industry. Furthermore, Implementation. and Control in a Dynamic other macro-environmental factors such as eco­ Environment. nomic, technological, pOlitical, and social forces Haworth Press also affect the organization's external environ­ ISBN 0-7890-1810-1 (paperback) ment. The next two chapters focus on the formu­ lation of corporate, business, and functional strategies. Several types of corporate strategic The study of strategic management is typically alternatives are analyzed. These options include designed as a capstone unit in business courses. specialization, internal growth, diversification, The intent is for the unit to integrate other business and strategic alliance. Some popular manage­ subjects such as finance, marketing, and human ment concepts such as Boston Consulting Group resource management, and present a holistic matrix, General Electric matrix, McKinsey's overview of running an organisation. Many schol­ "Seven S" model, and Michael Porter's generic ars have approached the teaching of strategic man~ strategies are briefly described. agement advocating the application of models and frameworks. Adopting a similar approach, A distinguishing feature of this textbook is its Alkhafahi has organized his thoughts around a emphasis on special topics related to strategic generic strategic http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Australian and New Zealand Academy of Management Cambridge University Press

Book Review: Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment

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Publisher
Cambridge University Press
Copyright
Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2005
ISSN
1324-3209
DOI
10.5172/jmo.2005.11.1.74
Publisher site
See Article on Publisher Site

Abstract

BOOK REVIEWS ABBASS ALKHAFAHI 2003 external environment is dominated by forces Strategic Management: Formulation, which shape a particular industry. Furthermore, Implementation. and Control in a Dynamic other macro-environmental factors such as eco­ Environment. nomic, technological, pOlitical, and social forces Haworth Press also affect the organization's external environ­ ISBN 0-7890-1810-1 (paperback) ment. The next two chapters focus on the formu­ lation of corporate, business, and functional strategies. Several types of corporate strategic The study of strategic management is typically alternatives are analyzed. These options include designed as a capstone unit in business courses. specialization, internal growth, diversification, The intent is for the unit to integrate other business and strategic alliance. Some popular manage­ subjects such as finance, marketing, and human ment concepts such as Boston Consulting Group resource management, and present a holistic matrix, General Electric matrix, McKinsey's overview of running an organisation. Many schol­ "Seven S" model, and Michael Porter's generic ars have approached the teaching of strategic man~ strategies are briefly described. agement advocating the application of models and frameworks. Adopting a similar approach, A distinguishing feature of this textbook is its Alkhafahi has organized his thoughts around a emphasis on special topics related to strategic generic strategic

Journal

Journal of the Australian and New Zealand Academy of Management – Cambridge University Press

Published: Jan 1, 2005

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