商品敘述：

Managers must navigate many goals while guiding their businesses, including sustaining high financial performance, being sensitive to the environment, taking care of employees and customers, being fair with suppliers, and giving back to the communities in which they operate. Rather than just one aspect being the key to sustainable business success, it is the efficiency and effectiveness of a business''s whole value-creating system that determines its long-term performance. This text uses systems theory to combine the best ideas about sustaining high performance from economics, the resource-based perspective, and stakeholder theory. Tools are offered for analyzing a company''s value creation system; the information gained from this analysis can be used to create winning strategies that lead to the creation of additional stakeholder value and high long-term financial performance. Ultimately, this book offers a succinct yet complete guide for strategic management. Chapter 2 explores various major theories and ideas that the strategic management process is based on. Industrial organization economics is discussed, which argues that the economic performance of an industry is dependent on the conduct of the companies it contains. The resource-based view of the firm claims that the resources a company has, how valuable those resources are, and how difficult those resources are to imitate may assist the company in having a sustainable competitive advantage. Stakeholder theory considers organizations from the perspective of internal and external constituencies; primary stakeholders are those that are directly involved in the value creating process and need to be taken especially good care of. Systems theory looks at organizations as composed of interconnected parts with permeable firm boundaries. Dynamic equilibrium may not be achievable, but it is still a worthy goal.

涵蓋領域：

Strategy management;Systems theory;Value creation;Competitive advantage;Stakeholder relations;Competitive strategy

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