Understanding and Managing Strategic Governance

Explore the interplay between corporate governance and strategic decision-making in this startling new resource

In Understanding and Managing Strategic Governance, strategy and management experts Dr. Wei Shi and Robert E. Hoskisson deliver an insightful exploration of the influence that governance actors, like the board of directors, activist investors, institutional investors, and securities analysts, have on important strategic decisions.

Based on surveying the latest research and analyzing unique datasets compiled by the authors, the book explains the impact that governance actors have on a firm’s strategic choices and the quality of such choices as well as the unintended consequences of that impact. The authors also describe how executives can manage the conflicting interests of multiple governance actors and leverage the influence of these actors to make effective strategic decisions.

In this book, you’ll discover:

• How to avoid the strategic pitfalls that arise from governance actor influence and harm firms’ long-term competitiveness
• The effect that governance actors can have on corporate strategy, competitive strategy, corporate innovation strategy, global strategy, stakeholder strategy, and more
• The latest trends in corporate governance and their implications for managers, regulators, and policy makers in this area

Perfect for C-level executives, board of directors, and institutional investors as well as students of corporate governance and strategy, Understanding and Managing Strategic Governance is a revealing and original examination of the interplay between corporate governance and firm strategy and how to manage that interplay to create sustainable competitive advantages.

Dr. Wei Shi (Miami, FL) is an associate professor of management at Miami Herbert Business School, University of Miami. His research focuses on the role of corporate governance actors and top executives in shaping firm strategic decisions. He has published extensively in top strategy and management journals such as Academy of Management Journal, Strategic Management Journal, and Journal of Management. His research has also been covered by Harvard Business Review and the Wall Street Journal.

Robert E. Hoskisson (Tempe, AZ) holds the George R. Brown Emeritus Chair of Strategic Management at Rice University’s Jones School of Business. His research has been published in top management journals and is focused on how corporate governance actors shape corporate and international strategies, strategies of emerging economy firms, corporate innovation and entrepreneurship, merger and acquisitions behavior as well as divestitures and newly form firms through the IPO process. His research has also been covered by the Harvard Business Review, Sloan Management Review and Californian Management Review. He is a Fellow of the Academy of Management and Strategic Management Society. He has written several books on strategic management.

Preface ix

About the Authors xiii

CHAPTER 1 Introduction to Strategic Governance and Internal Governance Actors 1

CHAPTER 2 Introduction to External Governance Actors 27

CHAPTER 3 Governance Actors and Corporate Strategy 65

CHAPTER 4 Governance Actors and Innovation Strategy 103

CHAPTER 5 Governance Actors and Competitive Strategy 131

CHAPTER 6 Governance Actors and Global Strategy 159

CHAPTER 7 Governance Actors and Stakeholder Strategy 195

CHAPTER 8 Governance Actors and Corporate Political Strategy 229

CHAPTER 9 Strategic Governance in a New Era 257

Index 285

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.