Answer:
Strategic Management Southern African Concepts and Case fourth edition provides readers with a comprehensive overview of the principles and practices of strategic management. The book is divided into four chapters that cover the essential topics in strategic management, including the nature of strategic management, strategic analysis, strategic choice, and strategy implementation.
Chapter one provides an overview of strategic management and discusses its importance in the contemporary business environment. The chapter also examines the evolution of strategic management, the various approaches to strategic management, and the role of strategic management in creating a sustainable competitive advantage.
Chapter two focuses on strategic analysis, which is a critical component of the strategic management process. The chapter discusses the importance of environmental analysis, industry analysis, and internal analysis in formulating a successful strategy.
Chapter three explores strategic choice, which involves selecting the most appropriate strategy for an organization based on the outcomes of the strategic analysis. The chapter examines the different levels of strategy, including corporate, business, and functional strategies.
Chapter four focuses on strategy implementation, which involves translating the chosen strategy into action. The chapter discusses the various components of strategy implementation, including organizational structure, leadership, culture, and control systems.
Throughout the book, the authors provide numerous case studies that illustrate the principles and practices of strategic management. The case studies are drawn from a range of industries, including manufacturing, telecommunications, banking, and healthcare, among others. The book also includes learning objectives, review questions, and a glossary of key terms, making it an invaluable resource for students, educators, and practitioners alike.
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