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Business Strategy Essentials You Always Wanted To Know (Second Edition)
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Business Strategy Essentials You Always Wanted To Know (Second Edition)
A Beginner’s Guide to Strategic Management, Porter’s Five Forces, Industry Life Cycles & Execution
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Description
- Business Strategy concepts explained in a simplified way
- Fundamentals and important strategies included
- Practical approach for application by business & working professional
A guide to identifying a company’s current strategy and executing new, transformative strategies that will boost the overall business.
Business Strategy Essentials You Always Wanted To Know prepares new managers and leaders with the building blocks of strategy. You will learn how to identify your company’s current strategy and how strategy differs at different levels of an organization. You are given tools to assist you with some of the more challenging aspects of strategy such as environmental scanning, SWOT analysis, and strategy analysis. After you have learned how to execute some of these strategies, you will learn what organization structures fit best with specific strategies. These timeless elements of business strategy will provide you the fundamentals with a 21st-century point of view.
Business Strategy Essentials You Always Wanted To Know gives you a look into the world of strategic management and some of its key elements. When you have completed reading this book, you should be able to:
- Define strategic statements in an organization, understand its functions and elements
- Understand industry life cycles and industry structures
- Understand Porter’s Five Forces and its effect on strategic analysis and development
- Understand strategy formulation and strategy levels
- Understand strategy execution do’s and don’ts
- Read case studies and identify salient points
Bibliographic Details
Pages: 174 pages
Paperback (ISBN): 9781949395778
eBook (ISBN): 9781949395785
Hardback (Color): 9781949395716
Trim Size: 5.5” x 8.5”
Category: Business & Economics
Author: Callie Daum, Vibrant Publishers
Table of Contents
1. Introduction to Business Strategy
1.1 Strategic Statement
1.2 Strategic Management Influences
1.3 Who’s Who of Strategic Management
Chapter Summary
2. Understanding Industry
2.1 Industry Life Cycle
2.2 Industry Structure (Porter’s Five Forces)
Case Study
Chapter Summary
3. Processes and Phases in Strategy Management Environmental Scanning
Case Study
Chapter Summary
4. External Analysis
4.1 Environments – General
4.2 Environments – Competitive
Case Study
Chapter Summary
5. Formulation of Strategy
5.1 Strategy Levels
Chapter Summary
6. Corporate Level Strategy
6.1 Diversification Levels
6.2 Creating Value with Diversification
6.3 Value Neutral Diversification
6.4 Value Reducing Diversification
Chapter Summary
7. Mergers and Acquisitions
7.1 Increasing Market Power
7.2 Barriers to Entry
7.3 Cross Border Acquisitions
7.4 Producing New Goods and Speediness to Market
7.5 New Products are Higher Risk
7.6 Reforming Scope
7.7. New Capabilities
7.8 Issues
7.9 What Makes an Acquisition Successful?
7.10 Restructuring
Case Study
Chapter Summary
8. Execution of Strategy
8.1 Structure of Organization
8.2 Vertical Growth
8.3 Horizontal Growth
8.4 Alternative Structural Forms
8.5 Evaluating Organizational Structure
8.6 Executing Strategic Change
Chapter Summary
Author
Callie Daum has worked in the healthcare industry for over 20 years gaining experience in managing teams, project management, strategic development and implementation, business marketing to increase revenues, and many more lessons learned on how to thrive in a business industry. As a seasoned Senior Project Manager and Leader, her goals include adding value, working efficiently and effectively, and sharing best practices to achieve overall success.
Vibrant Publishers is focused on presenting the best texts for learning about technology and business as well as books for test preparation. Categories include programming, operating systems and other texts focused on IT. In addition, a series of books helps professionals in their own disciplines learn the business skills needed in their professional growth.
Vibrant Publishers has a standardized test preparation series covering the GMAT, GRE and SAT, providing ample study and practice material in a simple and well organized format, helping students get closer to their dream universities.
Series
The Self-Learning Management Series is designed to help students, new managers, career switchers, and entrepreneurs learn essential management lessons and covers every aspect of business, from HR to Finance to Marketing to Operations across any and every industry. Each book includes basic fundamentals, important concepts, and standard and well-known principles as well as practical ways of application of the subject matter.
Editorial Reviews
This book off ers a holistic approach to strategy by covering the strategic process, business structure and change, all the while keeping the industrial aspect in mind. The Business Strategy steps are detailed and take into account the business, technological, political and economic changes through the centuries. All in all, a must read for those who want to build their business strategies as per the changing times.
-- Dr. Nilsa Fleury, Consultant & Professor
Business Strategy Essentials You Always Wanted to Know from Vibrant Publishers, provides a good overview of the subject matter and is extremely relevant for undergraduate business students, managers, and entrepreneurs. It covers everything, right from the application of Porter’s Five Forces useful for the entry-level manager to mergers and acquisitions generally decided in the boardroom. The relevant strategies are summarized in a simple and accessible way and can be used by a novice and a CEO alike. This book reviews key elements of strategies aligned with the vision and mission of companies and provides a quick hands-on resource on how to address the rising challenges in the real world.
-- Dr. Arkadiusz Mironko, Assistant Professor, Indiana University East
Business Strategy Essentials book, is a good, thought provoking read. The layout of the book is concise, the tables, charts, case studies improves the overall readability. Beneficial for those seeking to develop their entrepreneurial cognition and for those with higher level business education, are intrapreneurs in industry and seeking entrepreneurship in a strategic way.
-- Terila N Jhonson, Business and Leadership Professor & Founder of PennyWise, LLC
I quickly glanced through Business Strategy Essentials You Always Wanted
To Know and the concepts are easy to read and follow.
-- Lydia R. Knopf, Leadership & Strategy Coach
The Business Strategy Essentials book by Vibrant Publishers is excellent! It is comprehensive and makes for a good read, the highlight being the Walmart case study. Looking forward to another self learning book on Strategy Execution.
-- Dr. Jagdish N. Sheth, Goizueta Business School at Emory University
"In your self-learning series, I am using Business Strategy and Financial Management as supplemental textbooks next semester."
-- Jared Reynolds, Associate Dean, Kelley College of Business
Callie Daum in her book Strategic Management Essentials You Always Wanted to Know, 2nd Edition explains the various concepts in the stages of Strategic Management, which include Environment Scanning, Formulation of Strategies, Implementation of Strategies and Evaluation of Strategies. This book will be relevant for anyone who wishes to understand to have a strong foundation with respect to the concepts of Strategic management along with an
understanding of the application of these concepts in real business scenario.
-- Dr. Pallavi Rallan
Assistant Professor
General Management
ANIL SURENDRA MODI SCHOOL OF COMMERCE
Today's era is the era of business and a business strategy is must for efficient business management to fulfil the objective of profit maximization. This book covers all the topics that helped the learner to gain knowledge of all those tools and techniques which lay the foundation of a strong business and creation of skilled entrepreneurs. The study of this course enhances the competitive power of the learners along with fulfilling the organizational goal. “Business strategy essentials” book is a better choice for teachers as well as learners. An attractive tabulation and graphical presentation provides a deep knowledge on essential topics. After read and reviewed this book, I can say that the “Vibrant publishers” has done a great job.
-- Dr Kishor Kumar
Asstt. Professor
Deapartment of Economics
HP University Regional Centre
Mohli at Khaniyara, Dharamshala
Business Strategy Essentials You Always Wanted to Know is mostly written in an easy-to-read style. Definitely, the richness of technical terms and the extremely condensed concepts require a lot of focused attention. Overall, this is a book that maintains its promise to the reader. It’s comprehensive, so you’ll find everything you need to know about business strategy. For sure, I learned a lot, even if I can only partially apply what I learned because I’m a solo business owner with no collaborators. I recommend Business Strategy Essentials You Always Wanted to Know to leaders and owners of businesses of any size.
-- Lia Mara Dospetti - Writer & Booklover
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A practical and comprehensive book on business strategy. It offers a good balance of theory and real-world examples, which makes it easy to understand.
A must-read for anyone interested in business strategy. The author does an excellent job of breaking down complex concepts into simpler, more manageable pieces.
I found this book to be incredibly informative. It covers all the basics of business strategy in a clear and concise manner. A great resource for both students and professionals.
An excellent guide for anyone looking to develop a robust business strategy. The book is well-organized and provides actionable insights.
This book provides a solid foundation for understanding business strategy. It's filled with practical advice and strategies that are applicable to various industries.
- 5 stars: 95 (65%)
- 4 stars: 51 (35%)
- 3 stars: 0 (0%)
- 2 stars: 0 (0%)
- 1 star: 0 (0%)
A practical and comprehensive book on business strategy. It offers a good balance of theory and real-world examples, which makes it easy to understand.
A must-read for anyone interested in business strategy. The author does an excellent job of breaking down complex concepts into simpler, more manageable pieces.
I found this book to be incredibly informative. It covers all the basics of business strategy in a clear and concise manner. A great resource for both students and professionals.
An excellent guide for anyone looking to develop a robust business strategy. The book is well-organized and provides actionable insights.
This book provides a solid foundation for understanding business strategy. It's filled with practical advice and strategies that are applicable to various industries.
Best book for business aspirants.. Best book for business aspirants..
Teaching myself business strategy, I needed a guide that assumed no background, and this was ideal. The step by step move from understanding a current strategy to executing a new one was easy to follow. The real world case studies made the frameworks stick.
Teaching myself business strategy, I needed a guide that assumed no background, and this was perfect. The step by step move from understanding a current strategy to executing a new one was easy to follow. The real world case studies made the frameworks stick.
The real-world case studies and practical frameworks like SWOT, PESTLE, and Porter's Five Forces make strategic planning actionable and easy to apply.
This handbook provides a remarkably clear breakdown of competitive analysis, SWOT frameworks, value chain positioning, and corporate growth strategies. Ideal for managers and entrepreneurs.
Great guide for understanding diversification strategies, core competencies, and strategic alignment across different business units.
Covers core strategic models, risk management, resource allocation, and organizational alignment without drowning the reader in dry academic theory.
If you want to understand how top executives formulate, implement, and evaluate business strategies, this handbook is the ideal starting point.
Each chapter concludes with practical discussion questions and summary key takeaways that reinforce strategic decision-making skills.
The clean visual layouts, strategy formulation steps, and chapter summaries make reviewing complex management models quick and effective.
A very well-structured book. It provides clear guidance on competitive positioning, value proposition design, and change management for growing organizations.
An exceptional compilation. The metrics, diagnostic tables, and quick reference review summaries at the back are perfect tools for routine quarterly strategy planning.
The book excels at linking academic strategic frameworks to practical real-world operations. The case examples are short, brilliant, and easy to memorize for daily boardroom use.
Our executive team used this book to refine our quarterly strategic goals. The structured approach to risk analysis and competitive dynamics was spot on.
Great guide for understanding cost leadership, differentiation strategies, and long-term value creation in competitive global markets.
The clean formatting, visual strategy maps, and chapter takeaways make studying strategic management fast, structured, and highly engaging.
No academic jargon. The text focuses purely on execution steps, product lifecycles, and scaling dynamics. A valuable handbook for any entrepreneur.
A thorough guide that covers long-term corporate vision, resource allocation, and market entry strategies without overwhelming corporate jargon.
Every chapter concludes with review questions and practical strategic prompts that reinforce critical thinking, market analysis, and risk mitigation.
This guide simplifies complex framework methodologies. From Porter's Five Forces to SWOT analysis, it provides crisp, direct execution advice ideal for new managers and startup founders.
The book covers the essential strategy frameworks in a compact, approachable way that suited my schedule. The case studies helped me connect the theory to real companies. A few more examples from outside the United States would have helped, but it was worthwhile.
Our executive team used this guide to align our quarterly strategic goals, competitive benchmarking, and performance metrics across departments.
This book provides an exceptional framework for understanding market positioning, competitive advantage, and strategic execution. Essential reading for entrepreneurs and business leaders.
The strategic planning loop maps are exceptionally clear. The book gives your executive team a shared analytical language to drive complex metrics and market goals.
Highly structured and clear breakdown of competitive positioning models. I appreciated how fast it covers value chain mapping without getting bogged down in fluff text.
If you want to master strategic decision-making frameworks without sifting through bulky textbooks, this concise book is the perfect starting point.
Loved the breakdown on sustaining cost leadership vs differentiation strategies. Highly visual graphs and layouts make corporate strategy engaging.
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