The business environment can change at any given time and organisations need to be ready to respond if they want to survive. Strategic management is an important and ongoing process of formulating and implementing strategies that help an organisation position itself optimally and so maintain a competitive advantage that results in profit. It creates harmony between any organisation, big or small, and its environment. The strategic management process: a South African perspective explains strategy in such a way that every reader will understand not only how vital the strategic management process is to any organisation but also exactly what it entails.
The strategic management process: a South African perspective follows an understandable and practical approach, making use of numerous figures and “strategy in action” case studies to support the theory. Two important new chapters have been added to this second edition, namely risk management and scenario development, both of which have become increasingly important in today’s business environment.
Contents are divided into the following four parts:
- Strategic direction and environmental analysis
- Strategy formulation
- Strategy implementation
- Strategy control and evaluation
The strategic management process: a South African perspective is aimed at students in strategic management as well as at organisations, from corporate and public companies with management training programmes to small business ventures that are trying to gain a competitive advantage in a cut-throat environment.
Kobus Lazenby was an associate professor in the Department of Business Management at the University of the Free State, specialising in strategic management and project management. He has been retired since April 2017. The other contributors lecture in strategic management at various South African universities.
Chapter 1 The strategic management process
PART I STRATEGIC DIRECTION AND ENVIRONMENTAL ANALYSIS
Chapter 2 Strategic direction
Chapter 3 Strategy, ethics and social responsibility
Chapter 4 Risk management and corporate governance
Chapter 5 Internal environmental analysis
Chapter 6 External environmental analysis
Chapter 7 Scenario development
PART II STRATEGY FORMULATION
Chapter 8 Business-level strategies
Chapter 9 Corporate-level strategies
Chapter 10 Recovery strategies
Chapter 11 Strategies in different industry contexts
Chapter 12 Strategy in the public sector
Chapter 13 Strategy choice
PART III STRATEGY IMPLEMENTATION
Chapter 14 Strategy implementation and change management
Chapter 15 Components of successful strategy implementation
Chapter 16 Strategic leadership
Chapter 17 Strategy and culture
PART IV STRATEGY CONTROL AND EVALUATION
Chapter 18 Strategic control and improvement
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• A Test Bank with memorandum
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