Strategic Management in the Hospitality Industry, 3/E
Michael D. Olsen, Virginia Tech
Joseph J. West, Florida International University
Eliza Ching Yick Tse, The Chinese University of Hong Kong

ISBN-10: 0131196626
ISBN-13: 9780131196629

Publisher: Prentice Hall
Copyright: 2008
Format: Paper; 384 pp
Published: 11/30/2007

Suggested retail price: $71.60
Buy from myPearsonStore

For courses in Strategic Management or Policy in Hospitality Programs.

 

Based on scientific research within the industry, this book outlines a strategic model that can be used to improve decision making and policy within the hospitality field. Combining quality research and experience, it discusses key topics such as: environmental scanning, competitive strategies, structure and implementation, and performance.  Placing a responsibility on the learner, the book offers a combination of cumulative learning exercises, simulated decision making settings, and a text specific website. This edition clearly discusses the role of strategy in creating firm value and growth and stresses the relationship between leadership theory, strategic thinking and financial management.  

For courses in Strategic Management or Policy in Hospitality Programs. Based on scientific research within the industry, this book outlines a strategic model that can be used to improve decision making and policy within the hospitality field. Combining quality research and experience, it discusses key topics such as: environmental scanning, competitive strategies, structure and implementation, and performance.  Placing a responsibility on the learner, the book offers a combination of cumulative learning exercises, simulated decision making settings, and a text specific website. This edition clearly discusses the role of strategy in creating firm value and growth and stresses the relationship between leadership theory, strategic thinking and financial management.  

 

New to the Edition

 

New! Two chapters focus on investing in competitive methods–see Chapter 7 and Chapter 8.

·        Addresses how finance and strategy are related.

 

New! Two chapters address the resource and capability school of thought–see Chapter 9 and Chapter 10.

·        Offers new ways of valuing a firm’s core competencies and the importance of aligning them with the key investments that add value.

 

Hallmark Features

 

Discusses strategic management for the hospitality industry–based on25 years of research within the industry.

·        Addresses the basic requirements for strategy/policy courses in business schools which house hospitality programs.

·        Relates leadership theory, strategic thinking and financial management directly to the hospitality and tourism industry.

 

Uses the Co-Alignment Model as a springboard for discussion–see Chapter 2.

·        Offers material that has been validated in a scientific manner and combines the best research and experience to date, both within the hospitality industry and the field of strategy.

·        Helps show how firms must align themselves with forces driving change.

 

Looks at strategy as a means of creating firm value–and growth.

·        Shows how strategy helps the organization sustain itself and create long term value for the firm.

   

Focuses on strategy as a repeated way of thinking–not just a process.

·        Discusses how strategic management is a function of the cognitive, experiential and informational skills of the manager.

·        Shows why strategic thinking requires a constant evaluation of the firm’s direction and resource allocation.

 

Includes cumulative exercises and mini-cases–that develop readers’ inductive and deductive reasoning skills.

·        Allows students to look at the entire strategic process from start to finish, using one company they self-select.

·        Gives students practice making key decisions relative to the future success or failure of a firm.

 

Includes a text website–built to support cumulative learning exercises and cases.

·       

New to the Edition

 

New! Two chapters focus on investing in competitive methods–see Chapter 7 and Chapter 8.

·        Addresses how finance and strategy are related.

 

New! Two chapters address the resource and capability school of thought–see Chapter 9 and Chapter 10.

·        Offers new ways of valuing a firm’s core competencies and the importance of aligning them with the key investments that add value.

 

Table of Contents

 

1.      Leadership, Strategy and the Value Adding Manager

2.      The Coalignment Model

3.      General Concepts in Scanning

4.      Identifying Forces Driving Change

5.      Scanning the Remote Environment

6.      Scanning the Task Environment

7.      Investing in Competitive Methods

8.      Competitive Methods and Industry Performance

9.      Developing, Maintaining and Enhancing Core Competencies

10.  Implementation and Execution of Strategy-Achieving and Managing Coalignment

 

Leadership: Behavioral Aspects of Strategy

Give your students a choice! PearsonChoices products are designed to give your students more value and flexibility by letting them choose from a variety of text and media formats to best match their learning style and their budget.

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students, see the Packages tab.

    CourseSmart Textbooks Online is an exciting new choice for students looking to save money. As an alternative to purchasing the print textbook, students can subscribe to the same content online and save up to 50% off the suggested list price of the print text. With a CourseSmart etextbook, students can search the text, make notes online, print out reading assignments that incorporate lecture notes, and bookmark important passages for later review. For more information, or to subscribe to the CourseSmart eTextbook, visit www.coursesmart.com.

     

  • 0135005876Strategic Management in the Hospitality Industry, CourseSmart eTextbook, 3/E
    Olsen, West & Tse
    © 2008 | Prentice Hall | Electronic Book; 384 pages | Instock
    ISBN-10: 0135005876 | ISBN-13: 9780135005873
    URL: http://www.coursesmart.com
    Brief Description | Buy from myPearsonStore

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students, browse our available packages below, or contact your Pearson Higher Education representative to create your own package.



Copyright ©2008 Pearson Education. All rights reserved. Legal Notice | Privacy Policy | Permissions