Understanding and managing strategic governance
Every major strategic decision a company makes — from acquisitions and innovation to global expansion — is shaped by the expectations and pressures of governance actors: boards of directors, activist investors, institutional shareholders, and securities analysts. Understanding and Managing Strategic Governance (Wiley, 2021), co-authored with Robert E. Hoskisson of Rice University, examines how these actors influence the quality of strategic choices and the unintended consequences that follow. Drawing on original research and cutting-edge datasets, the book offers executives practical guidance on managing conflicting stakeholder interests and leveraging governance relationships to build sustainable competitive advantage.
shareholder strategy: How to manage shareholders for strategic success
Under contract · Expected 2027
Great strategies fail not because the ideas are flawed, but because the shareholders behind them are misaligned. Shareholder Strategy introduces a missing pillar of strategic management: the deliberate cultivation of an investor base that can support and sustain a firm's long-term direction.
Drawing on research at the intersection of corporate strategy and governance, the book presents the Goals × Horizons framework, which maps shareholders into four archetypes based on their financial objectives and investment time horizons. With this lens, executives and board members can diagnose misalignment before it becomes a liability, attract investors whose preferences match their strategic moves, and manage shareholder relationships through competitive shifts, major transactions, and nonmarket challenges.
Written for corporate leaders, board members, and governance professionals, Shareholder Strategy reframes shareholders not as passive financiers or adversarial monitors, but as strategic partners whose composition shapes what a firm can and cannot do. The book bridges academic research and boardroom practice, offering both a conceptual foundation and actionable tools for building ownership structures that endure.
