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Strategy
Theory and Practice

Third Edition (Revised and Updated Edition)
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728 pages | SAGE Publications Ltd
Providing a fresh perspective on strategy from an organizational perspective through a discursive approach, this third edition features key theoretic tenets and emphasizes the practices of strategy. It encourages the reader to be open to a wider set of ideas, with a little more relevance, and with a cooler attitude towards the affordances of the digital world and the possibilities for strategy’s futures. 

The key areas of strategy take a critical stance in the new edition, and also include areas less evident in conventional strategy texts such as not-for-profit organizations, process theories, globalization, organizational politics and decision-making as well as the futures of strategy. 

Pragmatic and emphasising key theories and practices of strategy, this text encourages the reader to be open to a wider set of ideas, with a little more relevance, and with a cooler attitude towards the affordances of the digital world and the possibilities for strategy’s futures.

 
Chapter 1: Strategy: Theory and Practice - An Introduction
 
Chapter 2: Strategy, Competitive Forces and Positioning
 
Chapter 3: Strategy, Resources and Capabilities
 
Chapter 4: Strategy and Innovation
 
Chapter 5: Strategy: Make or Buy?
 
Chapter 6: Strategy, Inter-organizational Cooperation and Alliances
 
Chapter 7: Strategy: Going Global
 
Chapter 8: Strategy and Corporate Governance
 
Chapter 9: Strategy Processes
 
Chapter 10: Strategy Practice
 
Chapter 11: Strategy and Organizational Politics
 
Chapter 12: Strategy and Strategic Change
 
Chapter 13: Strategy Reconsidered

"Once again, Clegg, Pitelis, Schweitzer and Whittle provide an exciting and accessible introduction to business strategy that will engage students and provide them with a relevant and insightful understanding of a key topic.”

Thomas B. Lawrence
Saïd Business School, University of Oxford

"Strategy: Theory and Practice speaks to me. The book offers an insightful introduction to the key theories and topics of strategic management. Unlike most other textbooks, it is written from a critical perspective, which is very much needed in today’s world of grand challenges and wicked problems."

Eero Vaara
Aalto University School of Business

“This updated and extended third edition of Strategy: Theory and Practice is an excellent textbook that manages to translate the latest strategy knowledge into a form and language that is accessible to students and practitioners alike. A refreshing alternative to the traditional, economics-based strategy textbook!”

Professor David Seidl
Chair of Organization and Management, Zurich University

“This book is a detailed compendium of ideas in the field of strategy, including especially criticisms of core constructs and theoretical linkages.  Full of examples, questions, and study guidance, it deals with the challenges of setting strategies for non-profit organizations and governments as well as for private-sector actors. Students and practitioners interested in the theory and practice of strategy will find this book to be a great resource.”

Professor Anita M. McGahan
Rotman School of Management, University of Toronto

This book offers all the basics that business students need to know about the economic and organizational sides of strategy in an appealing easy-to-read format complete with exercises, and mini-cases while stepping outside the run of the mill by provoking critical reflection on established ideas and placing the tools and concepts in perspective. The chapters on the politics, processes and practices of strategy are particularly valuable.

We need more textbooks like this to ensure that future generations of managers become informed yet reflexive consumers of strategic management knowledge and ideas.

Ann Langley
HEC Montréal, Canada

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Stewart R. Clegg

Stewart Clegg is a prolific publisher of several hundred articles in leading academic journals in strategy, social science, management and organization theory; is also the author and editor of about fifty books, as well as a Fellow of the British Academy of Social Sciences, a Distinguished Fellow of the Australian and New Zealand Academy of Management, a Fellow of the Academy of the Social Sciences in Australia, and the recipient of significant awards from the American Academy of Management for his contributions to management theory and practice. More About Author

Jochen Schweitzer

Jochen Schweitzer is Associate Professor at the University of Technology Sydney (UTS). Trained as both an engineer and a social scientist, he concentrates his research on issues of strategy, entrepreneurship and innovation, with a special interest in design thinking and emerging technologies. Jochen also serves as the founding Faculty Director of UTS’s MBA in Entrepreneurship and Bachelor in Entrepreneurship (Honours) programs. He was Visiting Scholar at Stanford University and Hasso Plattner Institute (HPI) School of Design Thinking at Potsdam University. Jochen is a winner of the Strategic Management Societies' Best Paper Award... More About Author

Andrea Whittle

Andrea Whittle is Professor of Management at Newcastle University Business School and previously Head of the Strategy, Organization and Society Research Group. Before joining Newcastle University in 2013, Andrea held a Chair in Organization Studies at Cardiff University. Andrea started her academic career in Natural Science, then did a PhD in Sociology in the field of Science and Technology Studies and since then has taught Management in Business Schools. Andrea’s interest in strategy started without plan or design – much like many strategies themselves emerge. While doing an ethnography of a group of management consultants for her... More About Author

Christos Pitelis

Chris Pitelis is Life Fellow, Queens’ College, University of Cambridge, co-editor of the Cambridge Journal of Economics and literary executor of the collected papers of Edith Penrose. Chris researches on sustainable international business strategy and governance, national and regional competitiveness. He published over ten books and circa a hundred articles in journals   such as Academy of Management Review, Organization Science, Journal of International Business Studies, Strategic Entrepreneurship Journal, and The Leadership Quarterly. He has served as Dean of College, Head of School, Director of Research and Engagement... More About Author