In this book, we argue that the strategies a company’s managers pursue have a major impact on its performance relative to rivals. A strategy is a set of actions that managers take to increase their company’s performance relative to rivals. If a company’s strategy does result in superior performance, it is said to have a competitive advantage. Much of this book is about identifying an…
Since the eighth edition was published, this book has strengthened its position as a market leader in the Strategic Management market. This tells us that we continue to meet the expectations of existing users and attract many new users to our book. It is clear that most strategy instructors share with us a concern for our currency in the text and its examples to ensure that cutting-edge iss…
Why do some companies succeed while others fail? In the fast evolving world of the Internet, for example, how is it that companies like Yahoo, Amazon.com, eBay, and Google have managed to attract millions of customers, others like online grocer Webvan, software retailer Egghead.com, and the online pet supplies retailer, pets.com, all went bankrupt? Why has Walmart been able to do so well in…