Today, more than ever before, South
Africa’s business climate is confronted with various challenges as a result of
external environmental forces as well as internal nuances within the southern
African context. The environment is characterised by change, turbulence and
competitiveness, and therefore strategy is of the utmost importance for any
organisation to survive and thrive. Many people’s lives and jobs are affected
by strategic decisions and far too often, top management develops a strategy
that is neither communicated to, nor fully understood by, other levels of
management and employees, and may not even be relevant to the continued
existence of the organisation. Strategic management explains the
principles and application of the strategic management process, vital to
sustaining the success of every organisation. Real southern African case
studies are included to support these principles and applications.
This is the fourth edition of Strategic management, the first specifically southern African textbook on this subject. It emphasises the important role of corporate governance, with specific reference to the King IV Report. Appropriate southern African examples and case studies are used to illustrate the latest trends, particularly the history, development and strategy of Shoprite Checkers, which is used as a cohesion case study throughout this textbook. Key terms, summary questions and answers, relevant websites and recommended reading lists are also provided.
Strategic management: southern African concepts and cases will be invaluable not only to students of business management but also to organisations, from corporate companies with management training programmes to small business ventures struggling to hold their ground in a competitive environment.
Tienie Ehlers is the chief learning officer (CLO) of USB-ED (University of Stellenbosch Business School Executive Development). Prior to this role, he had always been an active business consultant as well as a lecturer on strategy, leadership and human capital at various business schools. He worked as CLO of SAB Ltd’s corporate university for 12 years, focusing on corporate training and development, performance management and leadership development. He was also formerly an associate professor in the Department of Business Management at UNISA, specialising in strategic management, leadership and international management.
Kobus Lazenby was an associate professor in the Department of Business Management at the University of the Free State, specialising in general, strategic and project management. He took early retirement in April 2017, but is still actively involved in academic activities. He is now the full-time owner-manager of a dairy farm, which gives him ample opportunity to apply his strategic business skills.
Chapter 1 – The strategic
management process
PART I STRATEGIC LEADERSHIP
AND DIRECTION
Chapter 2 – Strategic
direction
Chapter 3 – Corporate governance
and strategy
Chapter 4 – External environmental
analysis
Chapter 5 – Internal environmental
analysis
PART II STRATEGY FORMULATION
Chapter 6 – Strategy
formulation: long-term goals and generic
strategies
Chapter 7 – Strategy formulation:
grand and functional strategies
Chapter 8 – The Business Model
Canvas as a strategic tool
Chapter 9 – Aligning strategy with
industry life cycle
Chapter 10 – Strategic
analysis and choice
PART III STRATEGY
IMPLEMENTATION
Chapter 11 – Strategy
implementation and change management
Chapter 12 – The drivers of
strategy implementation
Chapter 13 – The structural
drivers and instruments for strategy implementation
Chapter 14 – Continuous improvement
through strategic control and evaluation
PART IV CONTEMPORARY
STRATEGIC APPLICATIONS
Chapter 15 – Strategic
management concepts in the global marketplace (and a special mention to
strategy in Africa)
Supplementary material available for this title includes:
• PowerPoint presentations for all chapters (the slides provided have been developed to assist you with lectures)
• A Test Bank (including memorandum), including the following types of questions: Multiple Choice and True or False
• Suggested answers to Cohesion case studies
• Suggested answers to Case studies
• Strategic Management 3 Chapter 14 PDF and LSM
• Jpegs of all figures and tables
All source material (excluding figures and tables) has been supplied in an editable format (Microsoft Office) and you can fully customise it to your needs.
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