Large, diversified firms face unique challenges as they compete worldwide, and corporate restructuring is one way multinationals strive for competitive advantage. Weighing the pros and cons of a variety of approaches to restructuring, Downscoping offers executives a clear, strategic path through the maze. The authors show that when a multinational conglomerate fails to compete effectively, too much diversification may be the culprit. Whether the result of weak corporate governance or poor corporate strategy, over-diversification can make managers, unfamiliar with some of the markets in which they compete, opt for safety over innovation. This risk-aversion and lack of long-range commitment to innovation lead inevitably to stagnation over the longer term. The answer is not downsizing--closing offices and laying off personnel--but downscoping: a strategic approach to restructuring. The options include incentive and compensation adjustments for executives, leveraged buy-outs and capital structure changes, focusing on core skills, diversifying internationally while focusing on businesses in which a firm has strong competencies, and buying and selling mature businesses where product development is not a great concern. Regardless of the approach, executives must exercise strategic leadership during and after restructuring, including providing strategic direction, exploiting core competencies, developing human capital, and sustaining the corporate culture. Based on systematic research rather than casual observation, Downscoping provides a strong description of restructuring alternatives and their resulting tradeoffs. Its specific guidelines for maintaining competitiveness will be essential reading for managers involved in corporate restructuring.

Downscoping: How to Tame the Diversified Firm

Business & Money

Hitt, Michael A.

Hoskisson, Robert E.

Management & Leadership

Oxford University Press

Book by Hitt, Michael A., Ireland, R. Duane, Hoskisson, Robert E.

Strategic Management: Competitiveness and Globalization : Cases

Ireland, R. Duane

Thomson Learning

This paperback text comprises the concepts portion of the combined hardcover text by Hitt, Ireland, and Hoskisson, but does not include the case material. (For description of the concepts material, see the combined text entry.)

Strategic Management: Competitiveness and Globalization : Concepts

Strategic Management: Competitiveness and Globalization

West Group

This casebook has 37 cases that represent a myriad of strategy topics and company types. Service companies, manufacturing organizations, multi-national corporations, small businesses, and foreign companies, are among the business organizations represented. Detailed case notes are supplied by Victoria Buenger (Vanderbilt University). These cases, along with 71 others, are also available in a customized format. The authors meticulously reviewed hundreds of cases to create this outstanding package.

Strategic Management: Competitiveness and Globalization: Cases

South-Western College Pub.

This paperback text comprises the concepts portion of the combined hardcover text by Hitt, Ireland, and Hoskisson, but does not include the case material. (For description of the concepts material, see the combined text entry.)

Strategic Management: Competitiveness and Globalization: Concepts

Explains how firms achieve strategic competitiveness, emphasizing integration of resources and capabilities to achieve a sustained competitive advantage. Uniquely focuses the strategic management process on outcomes. Only text to integrate the resource-based view of the firm with the more traditional I/O model (Ch. 1 &amp; 3). Global issues woven throughout the text, with a separate chapter (Ch. 8) devoted to international strategy. Includes a new chapter (Ch. 9) on cooperative strategies, coverage of the new competitive landscape (Ch. 1, 2, &amp; 5), and material on new organizational forms used by firms to implement strategies (Ch. 10 &amp; 11). Covers hot topics such as corporate governance, TQM, core competencies, strategic alliances, corporate entrepreneurship, and more. All opening cases and strategic focus segments are new to this edition. Internet coverage includes Research Activities after each chapter, and an Introduction to the Internet appendix. Combined text/casebook contains 40 cases, 32 new for this edition, and is also available in separate concepts and cases paperback versions; an additional 110 cases are available for customization. Authors are acknowledged experts in strategic management.

Strategic Management: Competitiveness and Globalization: Theory and Cases

Explains how firms achieve strategic competitiveness, emphasizing integration of resources and capabilities to achieve a sustained competitive advantage. Uniquely focuses the strategic management process on outcomes. Only text to integrate the resource-based view of the firm with the more traditional I/O model (Ch. 1 &amp; 3). Global issues woven throughout the text, with a separate chapter (Ch. 8) devoted to international strategy. Includes a new chapter (Ch. 9) on cooperative strategies, coverage of the new competitive landscape (Ch. 1, 2 &amp; 5), and material on new organizational forms used by firms to implement strategies (Ch. 10 &amp; 11). Covers hot topics such as corporate governance, TQM, core competencies, strategic alliances, corporate entrepreneurship, and more. All opening cases and strategic focus segments are new to this edition. Internet coverage includes Research Activitiesafter each chapter, and an Introduction to the Internet appendix. Combined text/casebook contains 40 cases, 32 new for this edition, and is also available in separate concepts and cases paperback versions; an additional 110 cases are available for customization. Authors are acknowledged experts in strategic management.

In this edition, expert authors Michael Hitt, Duane Ireland, and Robert Hoskisson continue Strategic Management: Competitiveness and Globalization's most complete, current, and realistic presentation of strategic management today. Both the text and cases have been thoroughly updated to present the most accurate portrait of today's global business environment, and the latest theory and application of the strategic management process. This text focuses on the outcome of the strategic management process and integrates the resource-based view of the firm with the more traditional I/O model to explain how firms build a sustained competitive advantage. Reviewers and users of this text praise it for its unparalleled coverage of competitive dynamics, truly global perspectives, and excellent case selection. This text is also available in two splits: concepts-only or cases-only versions.

Strategic Management Competitiveness and Globalization Concepts and Cases 4th edition

Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson

Ireland, Duane

South-Western College Publishing

See the best price to sell, buy, or rent books by Hoskisson, Robert E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Hoskisson, Robert E.

See the best price to sell, buy, or rent books by Hoskisson, Robert E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Downscoping: How to Tame the Diversified Firm

Strategic Management: Competitiveness and Globalization : Cases

Strategic Management: Competitiveness and Globalization : Concepts

Strategic Management: Competitiveness and Globalization

Strategic Management: Competitiveness and Globalization: Cases

Strategic Management: Competitiveness and Globalization: Concepts

Strategic Management: Competitiveness and Globalization: Theory and Cases

Strategic Management: Competitiveness and Globalization: Theory and Cases

Strategic Management: Competitiveness and Globalization: Concepts

Strategic Management Competitiveness and Globalization Concepts and Cases 4th edition