Instructor’s Manual f#
ExploringStrategy #f
Text and Cases
f# f# f#
Twelfth edition f#
Richard Whittington
f#
Patrick Regnér
f# f# f#
Duncan Angwin
f# f# f#
Gerry Johnson
f# f# f#
Kevan Scholes
f# f#
, Contents
Chapter f# 1 Introducing f# strategy 23
Part f# I THE f# STRATEGIC f# POSITION 31
Chapter f# 2 Macro-environment f# analysis 32
Chapter f# 3 Industry f# and f# sector f# analysis 41
Chapter f# 4 Resources f# and f# capabilities f# analysis 56
Chapter f# 5 Stakeholders f# and f# governance 71
Chapter f# 6 History f# and f# culture 80
Part f# II STRATEGIC f # CHOICES 92
Chapter f# 7 Business f# strategy f# and f# models 93
Chapter f# 8 Corporate f# strategy 105
Chapter f# 9 International f# strategy 125
Chapter f# 10 Entrepreneurship f# and f# innovation 136
Chapter f# 11 Mergers, f# acquisitions f# and f# alliances 145
Part f# III STRATEGY f# IN f# ACTION 156
Chapter f# 12 Evaluating f# strategies 157
Chapter f# 13 Strategy f# development f # processes 170
Chapter f# 14 Organising f# and f# strategy 183
Chapter f# 15 Leadership f# and f# strategic f# change 190
Chapter f# 16 The f# practice f# of f# strategy 198
Case f#Teaching f#Notes
Glastonbury: f# from f# hippy f# weekend f# to f# international f# festival 209
The f# global f# pharmaceutical f# industry: f# harnessing f# the f# whirlwind 214
Siemens f#A: f#exploring f#the f#future 220
Relocation, f#Relocation, f#Relocation: f#evolving f#strategies f#to f#deal f#with f#shifting f#shopping
patterns f#at f#Vision f#Express 225
Ricoh f#Canada f#Inc. 241
H&M f # in f# fast f# fashion: f# continued f# success? 250
The f# Formula f# 1 f # Constructors 261
‘Access f# to f# Healthcare’: f# integrating f# a f# CSR f# programme f#in f# Coloplast 268
Manchester f#United f# FC: f#struggling f#to f#compete f#with f# Europe’s f#elite f#clubs 275
Adnams f# – f# A f # Local f# Company 299
2
© f#Pearson f#Education f#Limited
f#2020
,‘Dare f#to f#know’: f#The f#integration f#of f#Université f#Paris-Dauphine f#with f#Paris f#Sciences f#et
Lettres f#(PSL) f#University 308
Ryanair: f # the f# low f# fares f# airline f# – f# new f# directions? 313
Multi-sided f#platform f#competition f#in f#the f#video f#game f#industry 343
Megabrew: f# creating f# an f# undisputed f# global f#brewing f# champion? 347
AirAsia f # and f# the f# Tune f# Group: f# diversifying f#across f# industries 356
Severstal: f#a f#journey f#from f#growth f# to f#consolidation f# within f#the f#steel f#industry 362
Indian f# Premier f# League: f# glitz, f# glamour f# and f# globalisation 370
Handelsbanken f# – f# banking f# done f # differently 374
Caitec: f#A f#Chinese f#Business f#in f#Africa 378
Going f#for f#a f#Ride: f#Entrepreneurial f#Journeys f#in f#the f#on-demand f#transportation f#sector 386
Leadership f # at f# Apple f# Inc 392
Has f#Teva f#been f#saved? f#Responding f#to f#challenges f#and f#problems f#in f#generic f#pharmaceuticals 400
Managing f#M&A: f#Elekta’s f#acquistion f#of f#Neuromag 403
CRH f#plc: f# Optimising f# value f#through f# corporate f#strategy 409
Counterstrategy: f# resisting f#the f#Mexican f#narco-trafficking f# business 417
Oak f#Tree f#Inn: f#Growth f#challenges f#facing f#a f#family-run f#tourism f#business 427
Strategic f# planning f# at f# King f # Faisal f# Hospital f# and f # Research f# Centre f# Saudi f# Arabia 435
Mormor f# Magda’s f# ice f# cream f# – f# can f # you f # be f# hot f# in f # af#cool f # market? 445
Emmaus: f#the f#founder f#as f#a f#resource? 450
Siemens f # B: f # ‘making f # real f# what f# matters’ 459
Cultivating f#a f#rich f#harvest f#at f#Orchard 468
Strategy f#Work f#in f#Dörr f#och f#Portbolaget f#– f#How f#open f#can f#you f#be? 473
In f# the f# boardroom f# at f# HomeCo 480
3
© f#Pearson f#Education f#Limited
f#2020
, 1. Introduction
Exploring f # Strategy f # represents f # one f # of f # the f # most f# comprehensive f # packages f # of
f # material f # and f # support f#for f # teachers f # and f # students f # of f # strategy. f # The f # following
f # materials f # and f # assistance f # are f # now f # available:
• The f#text f # with f#improved f # design f # and f # layout f # to f#assist f # readers f # – f # including
f # objectives f # for f # each f#part f#of f#the f#book f#and f#chapter f#learning f#outcomes, f#concept
f#definitions, f#chapter f#summaries, f#additional f#reading f#and f#much f#more.
• Over f # seventy f # illustrations f # and f # fifteen f # Thinking f # Differently
f # sections, f # each f # including f#questions f#to f#facilitate f#their f#use f#as f#mini f#cases f#or
f#class f#discussions.
• Sixteen f # end-of-chapter f # case f # examples f # with f # specific f # relevance f # to f # the
f # content f # of f # the f # chapter f#and f # with f#questions f#relating f#to f#the f # major f # learning
f#issues f # in f#the f#chapter.
• End-of-chapter f# f# work f #assignments, f # f # which f # provide f # further f #
f # opportunities f # for f # student f # assessment, f#additional f # work f# orself-assessment.
• Thirty f#case f#studies f#(text f#and f#cases f#version f#only) f#together f#with f#comprehensive
f#teaching f#notes f#(in f#this f#manual f#and f#on f#the f#website). f#The f#case f#collection f#contains f#a
f#rich f#mixture f#of f#material, f#including f # long f # and f # short f # cases f # from f # many
f # different f # sectors f # and f # different f # countries.
• A f # number f # of f # ‘classic f # cases’ f # from f # past f # editions f # (where f # they f # are f # not
f # carried f # forward f # into f#the f#twelfth f # edition f#but f#are f#still f#useful f#to f#tutors f#and
f#students).
• The f#Strategy f#Experience f#simulation f#gives f#students f#hands-on f#experience f#of f#strategic
f#analysis f#and f # decision f # making. f # The f # simulation f # can f # be f # used f # by
f # individual f # students, f # or f # as f # part f # of f # a f#wider f#classroomexercise.
For f # students:
• Revision f# aids f # (flashcards, f # key f # concepts f# and f # glossary f # (in f# six f # languages))
• Multiple-choice f # questions, f# work f # assignments f # and f# grade f # book
• Help f # with f# case f# studies f # (web f# links, f # FT f # articles f# and f# advice f# on f# analysing f# cases).
4
© f#Pearson f#Education f#Limited
f#2020
ExploringStrategy #f
Text and Cases
f# f# f#
Twelfth edition f#
Richard Whittington
f#
Patrick Regnér
f# f# f#
Duncan Angwin
f# f# f#
Gerry Johnson
f# f# f#
Kevan Scholes
f# f#
, Contents
Chapter f# 1 Introducing f# strategy 23
Part f# I THE f# STRATEGIC f# POSITION 31
Chapter f# 2 Macro-environment f# analysis 32
Chapter f# 3 Industry f# and f# sector f# analysis 41
Chapter f# 4 Resources f# and f# capabilities f# analysis 56
Chapter f# 5 Stakeholders f# and f# governance 71
Chapter f# 6 History f# and f# culture 80
Part f# II STRATEGIC f # CHOICES 92
Chapter f# 7 Business f# strategy f# and f# models 93
Chapter f# 8 Corporate f# strategy 105
Chapter f# 9 International f# strategy 125
Chapter f# 10 Entrepreneurship f# and f# innovation 136
Chapter f# 11 Mergers, f# acquisitions f# and f# alliances 145
Part f# III STRATEGY f# IN f# ACTION 156
Chapter f# 12 Evaluating f# strategies 157
Chapter f# 13 Strategy f# development f # processes 170
Chapter f# 14 Organising f# and f# strategy 183
Chapter f# 15 Leadership f# and f# strategic f# change 190
Chapter f# 16 The f# practice f# of f# strategy 198
Case f#Teaching f#Notes
Glastonbury: f# from f# hippy f# weekend f# to f# international f# festival 209
The f# global f# pharmaceutical f# industry: f# harnessing f# the f# whirlwind 214
Siemens f#A: f#exploring f#the f#future 220
Relocation, f#Relocation, f#Relocation: f#evolving f#strategies f#to f#deal f#with f#shifting f#shopping
patterns f#at f#Vision f#Express 225
Ricoh f#Canada f#Inc. 241
H&M f # in f# fast f# fashion: f# continued f# success? 250
The f# Formula f# 1 f # Constructors 261
‘Access f# to f# Healthcare’: f# integrating f# a f# CSR f# programme f#in f# Coloplast 268
Manchester f#United f# FC: f#struggling f#to f#compete f#with f# Europe’s f#elite f#clubs 275
Adnams f# – f# A f # Local f# Company 299
2
© f#Pearson f#Education f#Limited
f#2020
,‘Dare f#to f#know’: f#The f#integration f#of f#Université f#Paris-Dauphine f#with f#Paris f#Sciences f#et
Lettres f#(PSL) f#University 308
Ryanair: f # the f# low f# fares f# airline f# – f# new f# directions? 313
Multi-sided f#platform f#competition f#in f#the f#video f#game f#industry 343
Megabrew: f# creating f# an f# undisputed f# global f#brewing f# champion? 347
AirAsia f # and f# the f# Tune f# Group: f# diversifying f#across f# industries 356
Severstal: f#a f#journey f#from f#growth f# to f#consolidation f# within f#the f#steel f#industry 362
Indian f# Premier f# League: f# glitz, f# glamour f# and f# globalisation 370
Handelsbanken f# – f# banking f# done f # differently 374
Caitec: f#A f#Chinese f#Business f#in f#Africa 378
Going f#for f#a f#Ride: f#Entrepreneurial f#Journeys f#in f#the f#on-demand f#transportation f#sector 386
Leadership f # at f# Apple f# Inc 392
Has f#Teva f#been f#saved? f#Responding f#to f#challenges f#and f#problems f#in f#generic f#pharmaceuticals 400
Managing f#M&A: f#Elekta’s f#acquistion f#of f#Neuromag 403
CRH f#plc: f# Optimising f# value f#through f# corporate f#strategy 409
Counterstrategy: f# resisting f#the f#Mexican f#narco-trafficking f# business 417
Oak f#Tree f#Inn: f#Growth f#challenges f#facing f#a f#family-run f#tourism f#business 427
Strategic f# planning f# at f# King f # Faisal f# Hospital f# and f # Research f# Centre f# Saudi f# Arabia 435
Mormor f# Magda’s f# ice f# cream f# – f# can f # you f # be f# hot f# in f # af#cool f # market? 445
Emmaus: f#the f#founder f#as f#a f#resource? 450
Siemens f # B: f # ‘making f # real f# what f# matters’ 459
Cultivating f#a f#rich f#harvest f#at f#Orchard 468
Strategy f#Work f#in f#Dörr f#och f#Portbolaget f#– f#How f#open f#can f#you f#be? 473
In f# the f# boardroom f# at f# HomeCo 480
3
© f#Pearson f#Education f#Limited
f#2020
, 1. Introduction
Exploring f # Strategy f # represents f # one f # of f # the f # most f# comprehensive f # packages f # of
f # material f # and f # support f#for f # teachers f # and f # students f # of f # strategy. f # The f # following
f # materials f # and f # assistance f # are f # now f # available:
• The f#text f # with f#improved f # design f # and f # layout f # to f#assist f # readers f # – f # including
f # objectives f # for f # each f#part f#of f#the f#book f#and f#chapter f#learning f#outcomes, f#concept
f#definitions, f#chapter f#summaries, f#additional f#reading f#and f#much f#more.
• Over f # seventy f # illustrations f # and f # fifteen f # Thinking f # Differently
f # sections, f # each f # including f#questions f#to f#facilitate f#their f#use f#as f#mini f#cases f#or
f#class f#discussions.
• Sixteen f # end-of-chapter f # case f # examples f # with f # specific f # relevance f # to f # the
f # content f # of f # the f # chapter f#and f # with f#questions f#relating f#to f#the f # major f # learning
f#issues f # in f#the f#chapter.
• End-of-chapter f# f# work f #assignments, f # f # which f # provide f # further f #
f # opportunities f # for f # student f # assessment, f#additional f # work f# orself-assessment.
• Thirty f#case f#studies f#(text f#and f#cases f#version f#only) f#together f#with f#comprehensive
f#teaching f#notes f#(in f#this f#manual f#and f#on f#the f#website). f#The f#case f#collection f#contains f#a
f#rich f#mixture f#of f#material, f#including f # long f # and f # short f # cases f # from f # many
f # different f # sectors f # and f # different f # countries.
• A f # number f # of f # ‘classic f # cases’ f # from f # past f # editions f # (where f # they f # are f # not
f # carried f # forward f # into f#the f#twelfth f # edition f#but f#are f#still f#useful f#to f#tutors f#and
f#students).
• The f#Strategy f#Experience f#simulation f#gives f#students f#hands-on f#experience f#of f#strategic
f#analysis f#and f # decision f # making. f # The f # simulation f # can f # be f # used f # by
f # individual f # students, f # or f # as f # part f # of f # a f#wider f#classroomexercise.
For f # students:
• Revision f# aids f # (flashcards, f # key f # concepts f# and f # glossary f # (in f# six f # languages))
• Multiple-choice f # questions, f# work f # assignments f # and f# grade f # book
• Help f # with f# case f# studies f # (web f# links, f # FT f # articles f# and f# advice f# on f# analysing f# cases).
4
© f#Pearson f#Education f#Limited
f#2020
