A One-Volume, MBA-Level Course on Creatingshy;shy;and Implementingshy;shy;Powerful Corporate and Divisional Strategy Decision makers in today's evolving corporate environment often must formulate strategy on two different levels. Corporate-level strategies must focus on a firm's overall goals and objectives. At the same time, division-level strategies require targeted decision-making to accomplish more focused, distinct tasks and responsibilities. Corporate Strategy outlines and explains a working model for addressing the complex issues of corporate as well as divisional strategy. This straight-talking guide encompasses: The Strategic Planning Process Productivity Improvement Valuation of Acquisitions and Divestitures Restructuring for Shareholder Value For all businesses, the strategic planning process begins with executives devising strategies for growth, then managers using those strategies to approach operational issues. Corporate Strategy addresses both factionsshy;shy;and provides hands-on answers to the strategic issues and dilemmas faced every day by executives and managers in multidivision companies. Look to The McGraw-Hill Executive MBA Series for straight-talking, technique-filled books, written by front-line executive education professors and modeled after the programs of top business schools. Other titles in the series include: Finance & Accounting for Nonfinancial Managers Mergers & Acquisitions Sales Management In today's increasingly streamlined corporate environment, relationships between parent corporations and their subordinate divisions have been transformed.

The inherent values of product and service diversificationshy;shy;once considered fundamental strategic requirementsshy;shy;are being questioned, and in many cases set aside, in favor of more focused, centralized structures. Corporate Strategy bridges the gap, providing strategic guidance for the fundamentally linkedshy;shy;yet functionally separateshy;shy;corporate and divisional factions. Mirroring the tactics, knowledge, and hands-on instruction found in today's finest business schools and executive education seminars, this insightful book builds a step-by-step model for setting short- and long-term corporate goals and objectives, tackling divisional strategic issues, and subsequently improving both corporate performance and shareholder value. Executives, line and staff managers, consultants, and academics can use its charts, checklists, case studies, exercises, and quizzes to: Understand strategic similarities and differences between corporate and divisional levels Develop a decision-making approach that involves detecting problems and opportunitiesshy;shy;and implementing effective courses of action Restructure a business unit to best support corporate goals and requirements Dramatically increase work force productivity to improve both short-term profitability and long-term value Employ time-tested, old economy processes to strengthen the financial performance of new economy organizations Reorganize and divest to return a company to profitabilityshy;shy;and establish cash flows beyond those needed for ongoing operations The major, ongoing restructuring of U.S. industry has introduced a reformulated set of strategic requirements, along with new tools for meeting those requirements. Corporate Strategy provides an innovative, rigorous look at today's strategic issues, describes new tools and alternatives available to address those issues, and outlines a distinctly originalshy;shy;yet fundamentally soundshy;shy;approach for strategic success in the competitive corporate arena of today and tomorrow.