ABSTRACT

The challenges faced by diversified corporations—firms that operate in more than one industry or market—have changed over the years. In this new edition, Olivier Furrer helps students of corporate strategy to consider the impact of critical changes in resources, businesses and headquarters roles on the firm’s ability for establishing and sustaining corporate advantage.

New to this edition are stimulating pedagogical features and additional material such as a new chapter on the theoretical foundations of multibusiness firms, along with a host of new examples from across the world.

A companion website supplements the book, providing PowerPoint slides, a test bank of questions, and lists of suggested case studies.

chapter 1|16 pages

What is Corporate Level Strategy?

chapter 2|18 pages

Why Do Multibusiness Firms Exist?

Theoretical Approaches to Diversification

chapter 3|10 pages

Managing The Multibusiness Firm

Theoretical Approaches to Corporate Level Strategy

chapter 4|15 pages

Defining the Business

chapter 5|18 pages

Diversification Strategies

Creating Corporate Value

chapter 6|17 pages

The Issue of Relatedness

Creating Synergies

chapter 7|11 pages

Diversification and Performance

Limits to the Scope of the Firm

chapter 8|19 pages

The Role of the Parent

Managing the Multibusiness Firm

chapter 10|13 pages

Vertical Integration

Coordinating the Value Chain

chapter 11|16 pages

The Growth of the Firm

Internal Development, Mergers and Acquisitions, and Strategic Alliances

chapter 12|14 pages

Restructuring Strategies

Reducing the Scope of the Firm

chapter 13|14 pages

Multipoint Competition

Managing Market Power

chapter 14|14 pages

International Diversification

Global Integration and Local Responsiveness

chapter 15|12 pages

Corporate Governance

Controlling Top Managers and Meeting Corporate Responsibilities