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This book offers a concise yet comprehensive guide for strategic management.

Managers encounter a complex challenge in successfully steering their organizations to achieve sustaining high performance financially, while simultaneously demonstrating sensitivity to the environment, prioritizing the well-being of employees and customers, ensuring equitable treatment of suppliers, and contributing positively to their operating communities. While numerous texts have explored individual business topics as the definitive path to enduring business success, it is the overall efficiency and effectiveness of a firm’s entire value creation system that ultimately dictates its long-term viability and high performance.

Within this guide, systems theory serves as an integrating framework, synthesizing leading concepts on sustaining high performance from the fields of economics, the resource-based perspective, and stakeholder theory. It furnishes practical tools for conducting thorough, detailed analyses of each component within a firm’s value creation system and assessing its contribution to the total stakeholder value generated by the organization. The book subsequently outlines how to leverage this information to formulate winning strategies that lead to the creation of additional stakeholder value and robust long-term financial performance. Furthermore, it includes detailed implementation tools designed to ensure the successful execution of these strategies. This book provides a concise yet complete guide for strategic management, and the forthcoming second edition will further refine these critical insights.

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