MEDTESTBANKS
MEDCONNOISSEURLIBRARIES.COM
Instructor’s Manual
Exploring Strategy
Text and Cases
S
D
Twelfth edition
N
Richard Whittington
A
Patrick Regnér
H
Duncan Angwin
S
Gerry Johnson
S
Kevan Scholes
E
With the assistance of Clive Kerridge and Jason Evans
C C
For further instructor material
please visit:
U
go.pearson.com/uk/he/resources
S
ISBN: 978-1-292-28249-7
© Pearson Education Limited 2020
Lecturers adopting the main text are permitted to download and photocopy the manual as required.
, MEDCONNOISSEURLIBRARIES.COM
MEDTESTBANKS
PEARSON EDUCATION LIMITED
KAO Two
KAO Park
Harlow CM17 9SR
United Kingdom
Tel: +44 (0)1279 623623
Web: www.pearson-books.com
This edition published 2020
S
© Pearson Education Limited 2020
D
The rights of Richard Whittington, Patrick Regnér, Duncan Angwin, Gerry Johnson and Kevan
Scholes to be identified as authors of this work have been asserted by them in accordance with the
N
Copyright, Designs and Patents Act 1988.
ISBN 978-1-292-28249-7
A
All rights reserved. Permission is hereby given for the material in this publication to be
H
reproduced for OHP transparencies and student handouts, without express permission of the
Publishers, for educational purposes only. In all other cases, no part of this publication may be
reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic,
S
mechanical, photocopying, recording, or otherwise without either the prior written permission of
S
the Publishers or a licence permitting restricted copying in the United Kingdom issued by the
Copyright Licensing Agency Ltd., Barnard’s Inn, 86 Fetter Lane, London EC4A 1EN. This book
E
may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding
or cover other than that in which it is published, without the prior consent of the Publishers.
C
Please note that, unless the material is specifically cited with a source, any company names used
within this Instructor’s Manual have been created by the authors and are intended to be fictitious.
C
Pearson Education is not responsible for the content of third-party internet sites.
U
The Financial Times. With a worldwide network of highly respected journalists, The Financial
Times provides global business news, insightful opinion and expert analysis of business, finance
S
and politics. With over 500 journalists reporting from 50 countries worldwide, our in-depth
coverage of international news is objectively reported and analysed from an independent, global
perspective. To find out more, visit www.ft.com/pearsonoffer.
2
© Pearson Education Limited 2020
, MEDCONNOISSEURLIBRARIES.COM
MEDTESTBANKS
Contents
Chapter 1 Introducing strategy 23
Part I THE STRATEGIC POSITION 31
Chapter 2 Macro-environment analysis 32
Chapter 3 Industry and sector analysis 41
Chapter 4 Resources and capabilities analysis 56
S
Chapter 5 Stakeholders and governance 71
Chapter 6 History and culture 80
D
Part II STRATEGIC CHOICES 92
N
Chapter 7 Business strategy and models 93
Chapter 8 Corporate strategy 105
A
Chapter 9 International strategy 125
Chapter 10 Entrepreneurship and innovation 136
H
Chapter 11 Mergers, acquisitions and alliances 145
Part III STRATEGY IN ACTION 156
S
Chapter 12 Evaluating strategies 157
S
Chapter 13 Strategy development processes 170
E
Chapter 14 Organising and strategy 183
Chapter 15 Leadership and strategic change 190
C
Chapter 16 The practice of strategy 198
C
Case Teaching Notes
U
Glastonbury: from hippy weekend to international festival 209
The global pharmaceutical industry: harnessing the whirlwind 214
S
Siemens A: exploring the future 220
Relocation, Relocation, Relocation: evolving strategies to deal with shifting shopping
patterns at Vision Express 225
Ricoh Canada Inc. 241
H&M in fast fashion: continued success? 250
The Formula 1 Constructors 261
‘Access to Healthcare’: integrating a CSR programme in Coloplast 268
Manchester United FC: struggling to compete with Europe’s elite clubs 275
Adnams – A Local Company 299
3
© Pearson Education Limited 2020
, MEDTESTBANKS
MEDCONNOISSEURLIBRARIES.COM
‘Dare to know’: The integration of Université Paris-Dauphine with Paris Sciences et
Lettres (PSL) University 308
Ryanair: the low fares airline – new directions? 313
Multi-sided platform competition in the video game industry 343
Megabrew: creating an undisputed global brewing champion? 347
AirAsia and the Tune Group: diversifying across industries 356
Severstal: a journey from growth to consolidation within the steel industry 362
Indian Premier League: glitz, glamour and globalisation 370
Handelsbanken – banking done differently 374
S
Caitec: A Chinese Business in Africa 378
D
Going for a Ride: Entrepreneurial Journeys in the on-demand transportation sector 386
Leadership at Apple Inc 392
N
Has Teva been saved? Responding to challenges and problems in generic pharmaceuticals 400
Managing M&A: Elekta’s acquistion of Neuromag 403
A
CRH plc: Optimising value through corporate strategy 409
H
Counterstrategy: resisting the Mexican narco-trafficking business 417
Oak Tree Inn: Growth challenges facing a family-run tourism business 427
S
Strategic planning at King Faisal Hospital and Research Centre Saudi Arabia 435
Mormor Magda’s ice cream – can you be hot in a cool market?
S
445
Emmaus: the founder as a resource? 450
E
Siemens B: ‘making real what matters’ 459
C
Cultivating a rich harvest at Orchard 468
Strategy Work in Dörr och Portbolaget – How open can you be? 473
C
In the boardroom at HomeCo 480
S U
4
© Pearson Education Limited 2020
MEDCONNOISSEURLIBRARIES.COM
Instructor’s Manual
Exploring Strategy
Text and Cases
S
D
Twelfth edition
N
Richard Whittington
A
Patrick Regnér
H
Duncan Angwin
S
Gerry Johnson
S
Kevan Scholes
E
With the assistance of Clive Kerridge and Jason Evans
C C
For further instructor material
please visit:
U
go.pearson.com/uk/he/resources
S
ISBN: 978-1-292-28249-7
© Pearson Education Limited 2020
Lecturers adopting the main text are permitted to download and photocopy the manual as required.
, MEDCONNOISSEURLIBRARIES.COM
MEDTESTBANKS
PEARSON EDUCATION LIMITED
KAO Two
KAO Park
Harlow CM17 9SR
United Kingdom
Tel: +44 (0)1279 623623
Web: www.pearson-books.com
This edition published 2020
S
© Pearson Education Limited 2020
D
The rights of Richard Whittington, Patrick Regnér, Duncan Angwin, Gerry Johnson and Kevan
Scholes to be identified as authors of this work have been asserted by them in accordance with the
N
Copyright, Designs and Patents Act 1988.
ISBN 978-1-292-28249-7
A
All rights reserved. Permission is hereby given for the material in this publication to be
H
reproduced for OHP transparencies and student handouts, without express permission of the
Publishers, for educational purposes only. In all other cases, no part of this publication may be
reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic,
S
mechanical, photocopying, recording, or otherwise without either the prior written permission of
S
the Publishers or a licence permitting restricted copying in the United Kingdom issued by the
Copyright Licensing Agency Ltd., Barnard’s Inn, 86 Fetter Lane, London EC4A 1EN. This book
E
may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding
or cover other than that in which it is published, without the prior consent of the Publishers.
C
Please note that, unless the material is specifically cited with a source, any company names used
within this Instructor’s Manual have been created by the authors and are intended to be fictitious.
C
Pearson Education is not responsible for the content of third-party internet sites.
U
The Financial Times. With a worldwide network of highly respected journalists, The Financial
Times provides global business news, insightful opinion and expert analysis of business, finance
S
and politics. With over 500 journalists reporting from 50 countries worldwide, our in-depth
coverage of international news is objectively reported and analysed from an independent, global
perspective. To find out more, visit www.ft.com/pearsonoffer.
2
© Pearson Education Limited 2020
, MEDCONNOISSEURLIBRARIES.COM
MEDTESTBANKS
Contents
Chapter 1 Introducing strategy 23
Part I THE STRATEGIC POSITION 31
Chapter 2 Macro-environment analysis 32
Chapter 3 Industry and sector analysis 41
Chapter 4 Resources and capabilities analysis 56
S
Chapter 5 Stakeholders and governance 71
Chapter 6 History and culture 80
D
Part II STRATEGIC CHOICES 92
N
Chapter 7 Business strategy and models 93
Chapter 8 Corporate strategy 105
A
Chapter 9 International strategy 125
Chapter 10 Entrepreneurship and innovation 136
H
Chapter 11 Mergers, acquisitions and alliances 145
Part III STRATEGY IN ACTION 156
S
Chapter 12 Evaluating strategies 157
S
Chapter 13 Strategy development processes 170
E
Chapter 14 Organising and strategy 183
Chapter 15 Leadership and strategic change 190
C
Chapter 16 The practice of strategy 198
C
Case Teaching Notes
U
Glastonbury: from hippy weekend to international festival 209
The global pharmaceutical industry: harnessing the whirlwind 214
S
Siemens A: exploring the future 220
Relocation, Relocation, Relocation: evolving strategies to deal with shifting shopping
patterns at Vision Express 225
Ricoh Canada Inc. 241
H&M in fast fashion: continued success? 250
The Formula 1 Constructors 261
‘Access to Healthcare’: integrating a CSR programme in Coloplast 268
Manchester United FC: struggling to compete with Europe’s elite clubs 275
Adnams – A Local Company 299
3
© Pearson Education Limited 2020
, MEDTESTBANKS
MEDCONNOISSEURLIBRARIES.COM
‘Dare to know’: The integration of Université Paris-Dauphine with Paris Sciences et
Lettres (PSL) University 308
Ryanair: the low fares airline – new directions? 313
Multi-sided platform competition in the video game industry 343
Megabrew: creating an undisputed global brewing champion? 347
AirAsia and the Tune Group: diversifying across industries 356
Severstal: a journey from growth to consolidation within the steel industry 362
Indian Premier League: glitz, glamour and globalisation 370
Handelsbanken – banking done differently 374
S
Caitec: A Chinese Business in Africa 378
D
Going for a Ride: Entrepreneurial Journeys in the on-demand transportation sector 386
Leadership at Apple Inc 392
N
Has Teva been saved? Responding to challenges and problems in generic pharmaceuticals 400
Managing M&A: Elekta’s acquistion of Neuromag 403
A
CRH plc: Optimising value through corporate strategy 409
H
Counterstrategy: resisting the Mexican narco-trafficking business 417
Oak Tree Inn: Growth challenges facing a family-run tourism business 427
S
Strategic planning at King Faisal Hospital and Research Centre Saudi Arabia 435
Mormor Magda’s ice cream – can you be hot in a cool market?
S
445
Emmaus: the founder as a resource? 450
E
Siemens B: ‘making real what matters’ 459
C
Cultivating a rich harvest at Orchard 468
Strategy Work in Dörr och Portbolaget – How open can you be? 473
C
In the boardroom at HomeCo 480
S U
4
© Pearson Education Limited 2020
