Description

Features

Carpenter/Sanders is the first book built around a dynamic perspective on strategy.

Three themes constitute the dynamic perspective on strategy: (1) changing strategies for changing times, (2) the integration of formulation and implementation, and (3) strategic leadership.

“How do you address the challenge of teaching the formulation of  strategy in an ever-changing business environment?”

Theme 1: Changing Strategies for Changing Times

• Chapter 6: Crafting Business Strategy for Dynamic Contexts- chapter 6 is the aggregate of much of the current research on dynamic strategies, including: Competitive Dynamics, Technological Changes, and Hypercompetition .  After reading the chapter, students will learn models that guide them through formulating and implementing a strategy in a dynamic, or changing, environment.
  • Ex. Chapter 6, pgs 150-183
  • Ex. Competitive Dynamics pgs 157-159
  • Ex. Technological Changes pgs. 166-169
  • Ex. Hypercompetition pgs 169-174

• Strategy Diamond: The strategy diamond outlines five key elements necessary for creating a complete strategy: arenas, vehicles, differentiators, staging, and economic logic.  The Strategy Diamond gives students a concrete model for considering all aspects of a strategy in order to create and implement a complete strategy.  The arenas and staging elements deal specifically with the dynamic aspect of strategy.   
  • Ex. Pgs 11-15: Strategy Diamond is introduced
  • Ex. Chapter 6, pgs 177 and 180.

“How effective is a great strategy that can’t be implemented?”

Theme 2: The Integration of Formulation and Implementation

• Early introduction of Strategy Implementation Levers- A strategy is only as successful as its implementation, so implementation is introduced right away in Chapter 1
  • Ex. Pgs 15 and 18

• “How Would You Do That” exercises- There are two of these robust exercises in each chapter, immersing students in the implementation challenges real companies face.  The exercises allow implementation to remain in the forefront of the student’s minds even in the formulation chapters.

o       Ex. Jet Blue pgs 16-17

o       Ex. Yellow Tail pgs. 170-171

• Implementation is woven throughout the book- Implementation sections are integrated into the formulation chapters in the book, reinforcing the importance of good strategy implementation
  • Ex. TOC
    • Chapter 6- section on Formulation and Implementing Dynamic Strategies
    • Chapter 7- section on Competitive Advantage and Corporate Strategy: Implementation
    • Chapter 10- section on Integrating and Implementing an Acquisition

• Chapter 11: Employing Strategy Implementation Levers-This chapter takes all of the aspects of implementation discussed in the book and brings them together, as well as going into more depth on the topic of Implementation Levers.
  • Ex. Chapter 11 pgs. Xx-xx

 “What is the role of people in formulation and implementing strategy?”

Theme 3: Strategic Leadership

• Strategic Leadership: In order to have effective implementation, it is important to have strategic leaders.  To this end, the authors have placed a chapter on strategic leadership early in the book, which allows them to integrate leadership issues throughout the rest of the book.
  • Ex. Chapter 2 pgs. 26-59
  • Chapter-Opening Vignettes: in depth coverage of a real business leader (ex. Napster pgs 150-151)

Other Key Points of Distinction

“What do you do to prepare for your course?”

The Instructor’s Manual contains the following unique features:

·        Experiential Activities

·        Case Selection Notes:  These are notes written by the textbook authors outlining why they chose each case, and can be used as a bridge to the case notes written by the case author.

·        Brief Chapter Outline:  Each outline integrates all examples from the text and notes where each Power Point would be appropriate.

·        Additional Case Selections:  For professors who would like additional case selections, the authors have created a list of other cases that would be appropriate to use with the book.

“How much preparation does it take to bring in new activities to your course?  Do you find it hard to search for new videos or exercises?

Teaching Website created by Mason Carpenter- Mason Carpenter has created a website that is a “one-stop-shop” for all of the resources would like to use it your course, allowing you to bring new activities, exercises, and videos to you classroom with less prep time. http://research3.bus.wisc.edu/file.php/139/Toolkit/bpstools.htm

·        Open access

·        Experiential exercises

·        Best Teaching Practices

·        Strategy videos

“Do you use Power Points in your lectures?”

The Power Point slides for Carpenter/Sanders were created by a strategy consultant, and they have been integrated into the brief chapter outline making it easier to integrate them into your lectures.

 Q. How do you use cases in your course?

Cases include:

• Kmart: Fall of a retailing Giant
• Charlotte Beers at Ogilvy & Mather Worldwid
• Trilogy Farms
• The Formula One Constructors: Combine
• Prince Edward Island Preserve
• Carrefour vs. Wal-Mart
• Chinese Fireworks Industry
• Home Depot’s Strategy Under Bob Nardelli
• Ryan Air: The Southwest of European Airlines
• Advanced Micro Devices: Life Beyond Intel
• Airbus: From Challenger to Leader
• Moving TATA Consultancy Services into the Global Top 10
• McDonalds and the McCafe Initiative
• Coca-cola’s Reentry and Growth Strategies in China
• Fuji Xerox and the Xerox Corp: Turning Tables?
• Neilson International in Mexico (A)/(B)
• The HP-Compaq Merger
• Cisco Systems
• Holsim
• Porsche
• Blue Whale Moving
• Reviving Iridium
• Daimler Chrysler: Corporate Governance Dynamics in a Global Company
• Trouble in the Magic Kingdom: Governance Problems at Disney

This text is available for personalization in the PHCBR custom database program.  Select only the chapters you require or supplement with recommended case studies all under one cover.  CLICK HERE to go directly to the PHCBR book-build site or visit our product page for additional information at pearsoncustom.com/business.

Table of Contents

1 -- Strategy and Strategic Leadership in Dynamic Times
Chapter 1: Introducing Strategic Management
Chapter 2: Leading Strategically through Effective Vision and Mission

2 -- The Internal and External Environment of Strategy
Chapter 3: Examining the Internal Environment: Resources, Capabilities, and Activities
Chapter 4: Exploring the External Environment: Macro and Industry Dynamics

3 -- Business, Corporate, and Global Strategies
Chapter 5:  Creating Business Strategies
Chapter 6:  Crafting Business Strategy for Dynamic Contexts
Chapter 7:  Developing Corporate Strategy
Chapter 8:  Looking at International Strategies

4 -- Strategy Vehicles for New Directions
Chapter 9:  Understanding Alliances and Cooperative Strategies
Chapter 10: Studying Mergers and Acquisitions

5 -- Implementation, New Ventures, and Governance in Dynamic Contexts
Chapter 11: Employing Strategy Implementation Levers
Chapter 12:  Considering New Ventures and Corporate Renewal
Chapter 13:  Governing in the 21st Century

6 -- Case Studies: Pulling It All Together

Courses

Strategic Management  [CORE TEXTS]   (Management)

Author Bios

Professor Carpenter has a BS from California State University (Humboldt) and University of Copenhagen, Denmark, and an MBA from California State University (Bakersfield). He also completed graduate studies in enology at the University of Bordeaux, France. Before obtaining his PhD in strategy at the University of Texas, Austin, he worked in banking, management consulting, and software development. His research concerns corporate governance, top management teams, and the strategic management of global firms, and is published in SMJ, AMJ, AMR, AME, JM, and HRM. He serves on the editorial board of AMJ, was voted Professor of the Year by MBA students, and identified as one of the most popular professors in the BusinessWeek MBA poll. He recently received the Larson Excellence in Teaching award from the School of Business, and the UW's Emil H. Steiger Distinguished Teaching Award.

Website
http://research.bus.wisc.edu/mcarpenter/

• Corporate governance
• Executive compensation
• International strategy
• Mergers and acquisitions
• Strategic management

Research:

• effects of executive stock option pay and stock ownership
• mergers and acquisitions
• management of multinational firms
• growth strategies

Education:

• PHD, MANAGEMENT SOCIETY, UNIV OF TEXAS AUSTIN, 1996
• BS, BUSINESS, BRIGHAM YOUNG UNIVERSITY, 1980

Group Affiliations:

• Strategy - Primary
• Global Management Center - Secondary

Selected Publications:

• "The upper echelons revisited: Antecedents, elements, and consequences of top management team composition," Journal of Management Volume 30, Pages 749-778, December, 2004    V I E W   A B S T R A C T
• "The effects of top management team pay and firm internationalization on MNC performance.," Journal of Management Volume 30, Pages 509-528, August, 2004    V I E W   A B S T R A C T
• "Sorting things out: Valuation of new firms in uncertain markets.," Strategic Management Journal Volume 25, Issue 2, Pages 167-186, February, 2004    V I E W   A B S T R A C T
• "Antecedents and Consequences of Corporate Governance Reform: The Case of Germany," Strategic Management Journal Volume 24, Pages 631-650, July, 2003    V I E W   A B S T R A C T
• "Strategic Satisficing? A Behavioral-Agency Perspective on Stock Repurchase Program Announcements," Academy of Management Journal Volume 46, Pages 160-178, April, 2003    V I E W   A B S T R A C T
• "Top Management Team Compensation: The Missing Link Between CEO Pay and Firm Performance?," Strategic Management Journal Volume 23, Issue 6, Pages (forthcoming-June), 2002    V I E W   A B S T R A C T
• "Incentive Alignment, CEO Pay Level, and Firm Performance: A Case of," Human Resource Management Journal Volume 40, Issue 2, Pages 159-170, July, 2001    V I E W   A B S T R A C T
• "Bundling Human Capital with Organizational Context: The Impact of International Assignment Experience on Multinational Firm Performance and CEO Pay," Academy of Management Journal Volume 44, Issue 3, Pages 493-512, June, 2001    V I E W   A B S T R A C T
• "Behavioral Responses of CEOs to Stock Ownership and Stock Option Pay," Academy of Management Journal Volume 44, Issue 3, Pages 477-492, June, 2001    V I E W   A B S T R A C T
• "CEO International Assignment Experience: A Model and Evidence of Financial Benefits to Firms and CEOs," Human Resource Management 2000    
• "Incentive Structure of CEO Stock Option Pay and Stock Ownership: The Moderating Effects of Firm Risk," Managerial Finance Volume 25, Issue 61-75, January, 1999    
• "Internationalization and Firm Governance: The Roles of CEO Compensation, Top Team Composition, and Board Structure," Academy of Management Journal Volume 48, Issue 158-178, January, 1998    

Experience:

   Teaching

• Associate Professor, Brigham Young University, 2002
• Assistant Professor, Brigham Young University, 1996

   Professional

• Academy of Management
• Strategic Management Society

Awards:

• Marriott School Research Award , Marriott School of Business , 2003
• Young Scholar Award , Brigham Young University , 2003
• J. Earl Garrett Fellowship , Marriott School , 2001
• Deans Office Research Grant , Brigham Young University , 1998
• Marriott School Special Research Grant , Brigham Young University , 1996
• Deans Award , Brigham Young University , 1995

Languages:

• Spanish

Companion Website for Strategic Management: Concepts and Cases
Carpenter & Sanders
©2007  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131456512  |  ISBN-13: 9780131456518
This online resource is available at no cost at http://www.prenhall.com/carpenter.
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Companion Website for Strategic Management: Concepts and Cases
Carpenter & Sanders
©2007  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131456512  |  ISBN-13: 9780131456518
This online resource is available at no cost at http://www.prenhall.com/carpenter.
More Info

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Companion Website for Strategic Management: Concepts and Cases
Carpenter & Sanders
©2007  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131456512  |  ISBN-13: 9780131456518
This online resource is available at no cost at http://www.prenhall.com/carpenter.
More Info

eHRM: An Internet Guide to Human Resource Management
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©2001  |  Prentice Hall  |  Paper; 49 pp  |  Instock
ISBN-10: 0130912832  |  ISBN-13: 9780130912831
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Companion Website for Strategic Management: Concepts and Cases
Carpenter & Sanders
©2007  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131456512  |  ISBN-13: 9780131456518
This online resource is available at no cost at http://www.prenhall.com/carpenter.
More Info

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