Wiley Winning Strategies in a Deconstructing World (Strategic Management Series)

Review "This is a very interesting and thought-provoking read." --Supply Management, 1st March 2001 Product Description The end of the nineteenth century saw the construction of the vertically integrated value chains that came to define modern business. The end of the twentieth century witnessed their deconstruction. In industries across the economy, markets are intruding on the web of proprietary arrangements that have held these chains together. As they do, the boundaries defining business, companies and industries are coming under attack - radically transforming the nature of competition. Powerful forces, such as globalization and deregulation, are undermining the logic and practice of traditional vertical integration, but the most powerful - partly because it acts as catalyst and an accelerator - is a revolution in the economics of information. This shift in information economics is giving birth to a myriad of new strategic options The consequences of deconstruction for the strategic management of the firm - as well as for the firm itself - are dramatic. Deconstruction forces a fundamental rethinking of some of the basic principles of strategy which will impact on the concepts of the portfolio, forms of organizational structure, styles of leadership, mechanisms for acquiring and managing knowledge and approaches to uncertainty and risk. This, the latest volume in the Strategic Management Series, explores the implications of the value chain deconstruction for strategy, the changes in strategic thinking and the action necessary to cope with the challenges and opportunities. Bringing together contributions from key figures in the field of strategy in both practice and academia, this book, as with other books in the series, addresses the ideas and issues at the forefront of strategic management theory and practice. From the Inside Flap Published in association with the Strategic Management Society, THE WILEY STRATEGIC MANAGEMENT SERIES aims to illustrate the ‘best in global strategic management’ for academics, business practitioners and consultants. From the Back Cover Published in association with the Strategic Management Society, THE WILEY STRATEGIC MANAGEMENT SERIES aims to illustrate the ‘best in global strategic management’ for academics, business practitioners and consultants. About the Author About the Editors Rudi K. F. Bresser is currently Professor of Management at the Free University of Berlin, Germany. Previously he held a number of teaching posts in the US and Europe, including that of Associate Professor of Management, Baruch College, The City University of New York and Visiting Professor to the Stern School of Business, New York University, University of South Florida and Université de Paris. He received his PhD from Johann Wolfgang Goethe-University, Frankfurt/Main, and has since published widely in the area of strategic management and organizational theory. His latest book Strategische Management theorie was published by W. de Gruyter in 1998. Michael A. Hitt is currently Professor and Weatherup/Overby Chair in Executive Leadership at Arizona State University. He previously held the Paul M. and Rosalie Robertson Chair in Business Administration at Texas A&M University. He received his PhD from the University of Colorado and has received an honnorary doctorate from the Universidad Carlos III de Madrid in recognition of his scholarly constributions in business administration. He has authored and co-authored several books and book chapters and numerous journal articles in such journals as the Academy of Management Journal, Strategic Management Journal and Academy of Management Review. Furthermore, he has served as Consulting Editor (1988-90) and Editor (1991-1993) of the Academy of Management Journal. He is a Past President of the Academy of Management and is a Fellow in that organization. Following Michael Porter (1994) and C. K. Prahalad (1995), he recceived the